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Comment by abcd_f | Hacker News Reader

Do I understand correctly that in order to pay someone through your service I need to first create an account and then link it to a conventional card?

If so, it's ultimately a PayPal remake?

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Customers do create an account and provide a payment method, but they don't pre-fund or hold a balance, and they don't initiate a payment. Small Transfers is an API that allows merchants to charge very small amounts programmatically. At the end of each month (or earlier, if a threshold is reached), we charge the customer what they owe. This makes the tiny charges viable and avoids death-by-$0.30.

It's not a PayPal remake, since there are no wallets, no P2P transactions, and no stored funds. In addition, Small Transfers allows very small charges (as mentioned above), and provides customer OAuth and spending caps.

if the customer owes $0.001, how are you charging that?

If a customer's balance is under $1 at the end of the month, we delay charging them for up to 60 days and send email reminders. If it's still under $1 after 60 days, we charge at least $0.50 and credit the difference (after fees) to their account for future use.

> ultimately a PayPal remake?

Pretty sure you can't send tiny fractions of a penny through PayPal.

you could using gripto

From what I can find, Gripto was a cryptocurrency platform for viewing holdings, market info, and relevant news. It seems that the service was retired in late 2018.

it’s just a derogatory nickname for crypto lol

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