Comment by abcd_f
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?
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?
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.
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.