Reddit Gets Two New Donation Options Powered By Crowdtilt And Dwolla | Hacker News Reader

Reddit Gets Two New Donation Options Powered By Crowdtilt And Dwolla

techcrunch.com

57 pointsimmad12 comments

For a moment there CrowdTilt had me really excited, but then I came across:

1) Need to be in the US and have a US bank account

2) Need to be on Facebook

I'm weeks away from starting a £25k funding round by tapping up my users (who have been badgering me to do this for the longest time).

The biggest issue I've got is that I'm in the UK.

I dislike that the most cost effective and convenient way to do this is to use PayPal and build my own front-end.

PayPal.

I want to use Kickstarter, or Crowdtilt, or Stripe (if I have to build my own front-end). Anything but PayPal.

PayPal it looks set to be though. I can't find another <4% method of doing this if you're not in the USA.

If anyone knows a UK or EU based crowdfunding solution with fees 4% or lower, then I'd love to hear about it.

For the UK, perhaps GoCardless is an option? https://gocardless.com/paylinks

Good suggestion. I'll ask the users how comfortable they are with paying via direct debit.

Initial indications from a small sample size says that they strongly prefer direct debit for recurring subscriptions of any kind, and still like the concept for one-off payments.

What they like is the direct debit guarantee and that they have visibility and control of the payments.

Might be worth putting your name down for the Stripe global beta access: https://stripe.com/global.

Very cool guys! :)

Flattr support would be nifty too

Congrats, CT team!

thanks man. and while we're on hackernews, we might as well use this as a good opportunity to say something we've been dying to say for a while... perl, bitches! :P

Hahaha

Great move, way to go CrowdTilt & Reddit.

There are also some differences in pricing between the two donation options. Crowdtilt is waiving its fee for its service for this collaboration, but charges 2.5% for credit card processing. Dwolla is free for transactions under $10 and 25 cents for those higher. Meanwhile, Stripe is 2.9% + $0.30 for any transaction.

This has the potential to be really powerful. More frictionless sharing.

Amazing news, Crowdtilt!

Reply on news.ycombinator.com