Agreed - I think the minimum viable visa charge (due to high minimum fee) and the increased abandonment rate due to the hassle of using your CC is holding a lot of things back.
I think this is a very necessary startup, but one that's going to be very difficult to pull off well, and will require serious cash.
There are a lot of broken bodies on the micropayment road. Millicent & Peppercoin come to mind to start. Maybe the world has changed since then, but if you were doing a company on micropayments and came to me, I'd want a clear answer as to what you would do that everyone else did not.
Comments
Agreed - I think the minimum viable visa charge (due to high minimum fee) and the increased abandonment rate due to the hassle of using your CC is holding a lot of things back.
I think this is a very necessary startup, but one that's going to be very difficult to pull off well, and will require serious cash.
There are a lot of broken bodies on the micropayment road. Millicent & Peppercoin come to mind to start. Maybe the world has changed since then, but if you were doing a company on micropayments and came to me, I'd want a clear answer as to what you would do that everyone else did not.