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Chris Carella
@ccarella
I'm a crypto optimist because it’s a better solution for retail merchants then paying credit card fees
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Gwynne Michele
@thecurioushermit
PayPal has been my primary means of receiving money from donor-followers for years now. Because it's what most people on web2 use. Some use Cashapp, some use Venmo, but 95% of my payments come through PayPal. A $20 costs me 60 cents on PayPal. Not to mention other fees related to instant transfers if I want that money in my bank to spend right away rather than waiting for a longer transfer. With crypto, the same payment is about a penny for transaction fees. I can swap it to USDC for cheap in my Coinbank wallet, and send it to my Coinbank card for free to spend as I please. For small creators whose transactions average $50 or less, crypto is a DREAM. I just hope to start indoctrinating more normies to this place so they can discover the wonder of microtransactions.
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Chris Carella
@ccarella
I pay someone monthly via PayPal and I’m always trying to figure out what extra amount I should give them so that they don’t lose out. I’m pretty sure as a result I overpay monthly
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Gwynne Michele
@thecurioushermit
They changed their fee structure every couple years, never for the benefit of anyone but themselves, of course. Because mine isn't a physical products business, or even really a traditional service business, and my donors decide how much to give, I don't really fuss much about the fees. But when I did have to set prices, covering those was always a consideration. Cheaper fees can be passed onto cheaper prices for customers.
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Chris Carella
@ccarella
What’s even more complicated for me is that I pay in dollars but they receive lempieras, so I need to factor in the change rate too.
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