Hacker News Reader

Comment by anticrymactic | Hacker News Reader

PayPal and Apple pay take a significant cut of the transaction. CC is a lot less and bank is mostly free of TX fees. Most users don't know/don't care, so given the option, they will likely take it and funnel their donations to conglomerates.

View on HN

PayPal doesn't cost significantly more than what a small online place can get from other payment processors. It's something like 3% + $0.50. That's also not much more than what a small business can usually get for in person credit cards.

This site does use buymeacoffee.com, which appears to be a dedicated payment platform. Its transaction fee is apparently 5%, which is steeper, but better for these small donations because of the lack of a fixed fee.

I don't like to input Cc details into random sites whose main business is processing said transactions.

Maybe you'd like one of the banks that provides you with limited-use or one-time credit cards? I've been using one called Envelope Budgeting for the last few months after my previous one shut down. It's $40/year, but that's waived if you spend more than $5,000 USD in card purchases. I put the Neal.fun on my "Misc" card that I keep at $0 balance and transfer money to when I buy something.

I believe there are other services that will also give you virtual cards, I'm not familiar with them off hand.

https://envelopebudgeting.com/

I use https://privacy.com for this, you can create virtual cards with total spend limits or spend rate limits.

I'm not understanding this sentiment at all. You'd rather input your CC details into a site whose main business isn't dealing safely with credit cards - rather than inputting it into Stripe (which is what his site uses), whose entire raison d'etre is doing so?

Sorry, I got the expression wrong. You must inverse the logic :)

But xx% of some amount is still better than 100% of $0. And the pure convenience of using PayPal, Apple Pay or things like Ko-Fi will probably result in more net donations.

> Apple Pay take a significant cut of the transaction

I don't think this is true

> Apple Pay does not cause additional fees for users and merchants.[1]

[1]https://en.wikipedia.org/wiki/Apple_Pay#Cost

Reply on news.ycombinator.com