How do you handle refunds & chargebacks? And do you have a maximum amount that can be charged?
For context - I'm building a marketplace for artists and struggling to find a global payouts rail. The ones that exist have really high turnover requirements or reject new marketplaces that deal with higher value physical items due to chargeback risk.
The marketplace is called PromptBase, which I've been bootstrapping for the past few years (now around ~500k users).
Thanks for this feedback, that could be clearer - the $6 is the total network fees for the underlying rails if you were self-hosting (about $0.002/transaction). The managed hosting option is just if you don't want to host it and run it yourself.
Yes, its mainly for marketplace operators / creator platforms right now to pay sellers, specifically global marketplaces where Stripe Connect may not support the country of the seller. Microtransaction marketplaces (transactions < $10) or so also are nearly impossible to operate profitably under the current fee models of Stripe Connect / PayPal would also benefit.
Yes it uses USDC behind the scenes, which is regulated, fully reserved, and designed to stay at $1 (very different to USDT) - there's no Stripe behind the scenes, it's completely independent.
I totally understand where you're coming from, because I felt the exact same, but stablecoins specifically do not suffer from the same crypto crowd problem. They are just a very boring, elegant way of moving money cheaply.
For context - I'm building a marketplace for artists and struggling to find a global payouts rail. The ones that exist have really high turnover requirements or reject new marketplaces that deal with higher value physical items due to chargeback risk.
Also the pricing is not very clear - you mention your costs went down to $6, but the first paid tier is $99/month ?
Thanks for this feedback, that could be clearer - the $6 is the total network fees for the underlying rails if you were self-hosting (about $0.002/transaction). The managed hosting option is just if you don't want to host it and run it yourself.
so take normal cards then pay out in USDC....is that safe?
I totally understand where you're coming from, because I felt the exact same, but stablecoins specifically do not suffer from the same crypto crowd problem. They are just a very boring, elegant way of moving money cheaply.