Ask HN: Best way to collect payments under 3$?

17 pointsziko11y ago10 comments

Which service to use if you intent to primarily collect payments under 3$? Needs to be able to collect payments from all over the world, not just the US.

10 comments

weddpros11y ago

Paypal has Micropayments, 5% + $0.05 USD per transaction http://www.ebay.com/gds/Micro-Payments-On-Paypal-HOW-TO-SETU...

sunshinerag11y ago

How about bitcoins?

* Very low transaction cost * International Transfers is same as local transfers.

Suggest to read up more about pros/risks before proceeding.

crb00211y ago

The solution in Iowa is Dwolla. http://www.dwolla.com

iamwithnail11y ago

In Europe, the answer is probably GoCardless. Depends what kind of payments though - if it's card type payments you need, (I.e instant, fore commerce type stuff), then not, but subscriptions, most bills/invoices, absolutely GoCardless.

sarvagyavaish11y ago

Square Cash - https://square.com/cash

thatthatis11y ago

I think amazon payments has special terms for this kind of thing

plusbryan11y ago

Yes they do (this was news to me). For Transactions < $10:

1.5% + $0.01 for Amazon Payments balance transfers

2.0% + $0.05 for bank account debits

5.0% + $0.05 for credit card

They also appear to support payment aggregation, which is another method of making micropayments via credit card profitable.

https://payments.amazon.com/help/Amazon-Flexible-Payments-Se...

maouida11y ago

Check out Skrill (formerly Moneybookers).

Avalaxy11y ago

Why? Their rate is 3.9% + €0.35 for non-european merchants and 2.9% + €0.25 for european merchants.

That's not exactly cheap. Do they offer a service I don't know about that makes them better suited for small payments than Stripe, Balanced or BrainTree?

maouida11y ago

I didn't know about their high fees. But I know they have a good international money transfer support. I used them for personal financial transactions for 4 years and found them very good.

j / k navigate · click thread line to collapse

10 comments

weddpros11y ago

Paypal has Micropayments, 5% + $0.05 USD per transaction http://www.ebay.com/gds/Micro-Payments-On-Paypal-HOW-TO-SETU...

sunshinerag11y ago

How about bitcoins?

* Very low transaction cost * International Transfers is same as local transfers.

Suggest to read up more about pros/risks before proceeding.

crb00211y ago

The solution in Iowa is Dwolla. http://www.dwolla.com

iamwithnail11y ago

sarvagyavaish11y ago

Square Cash - https://square.com/cash

thatthatis11y ago

I think amazon payments has special terms for this kind of thing

plusbryan11y ago

Yes they do (this was news to me). For Transactions < $10:

1.5% + $0.01 for Amazon Payments balance transfers

2.0% + $0.05 for bank account debits

5.0% + $0.05 for credit card

They also appear to support payment aggregation, which is another method of making micropayments via credit card profitable.

https://payments.amazon.com/help/Amazon-Flexible-Payments-Se...

maouida11y ago

Check out Skrill (formerly Moneybookers).

Avalaxy11y ago

Why? Their rate is 3.9% + €0.35 for non-european merchants and 2.9% + €0.25 for european merchants.

That's not exactly cheap. Do they offer a service I don't know about that makes them better suited for small payments than Stripe, Balanced or BrainTree?

maouida11y ago

I didn't know about their high fees. But I know they have a good international money transfer support. I used them for personal financial transactions for 4 years and found them very good.

j / k navigate · click thread line to collapse