Comment by strnisa

Comment by strnisa 3 days ago

Yes, Small Transfers can be used for pay-per-view or pay-per-minute billing models.

The platform's biggest risk that I see is a customer defaulting after using a merchant's service. The platform currently mitigates that with Stripe Radar, 3-D Secure, and spending caps, but I'm keen to hear anything specific you're thinking about.

cedws 2 days ago

I don’t know if it defeats the purpose but you could require an upfront, refundable deposit.

Reply View 8 replies

strnisa 2 days ago

Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.

Reply View | 7 replies
- jazzyjackson 2 days ago
  
  How does tarsnap handle it? I think there's lots of services that bill up front... Isn't it only e-money if you can convert it back to cash?
  
  Reply View | 4 replies
  
  strnisa 2 days ago
  
  If you store funds for a specific service that you provide, it's fine. If it's for many services or services provided by others, it's legally problematic.
  
  Reply View | 3 replies
- namibj 19 hours ago
  
  > Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.
  What if you just reserve it on the card?
  
  Reply View | 1 reply
  
  strnisa 19 hours ago
  
  Online card holds typically expire in ~7 days (often sooner, depending on the issuer), which is too short for our use case.
  
  Reply View | 0 replies