Comments on: Plugable Branded Micropayments for the Social Web Application Developer http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/ A developer's insights and ventures. Fri, 29 Aug 2008 06:17:00 +0000 http://wordpress.org/?v=2.5.1 By: Marc http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-15 Marc Fri, 08 Feb 2008 22:23:25 +0000 http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-15 Ya, the 10% can hurt indeed, I'm verious curious to see what Facebook's fee's will look like. Yes, a points system can work. However, I use the term "game" in a broader sense. For example, digital assets that can be purchased and accumulated. The accumulation of those gifts combined with say a leveling system at various increments that then supplement those gifts with a reward of some sort. So in the context of gifts, the target audience would not be your average gamer who can relate to a points for cash economy and therefore one would need to accept a more formal form of payment. Ya, the 10% can hurt indeed, I’m verious curious to see what Facebook’s fee’s will look like.

Yes, a points system can work. However, I use the term “game” in a broader sense. For example, digital assets that can be purchased and accumulated. The accumulation of those gifts combined with say a leveling system at various increments that then supplement those gifts with a reward of some sort.

So in the context of gifts, the target audience would not be your average gamer who can relate to a points for cash economy and therefore one would need to accept a more formal form of payment.

]]> By: Ron Wolf http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-14 Ron Wolf Fri, 08 Feb 2008 21:15:04 +0000 http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-14 I see. You're looking for a current solution and I'm talking about potential. I got on that tack following your comments on what FB needs. That was the context for Money Exchange. I'm not sure if there is anything that really does the micro-payments thing well. I'll take a look at Amazon tho and appreciate the analysis. 10% is a lot, but its may not be too much. Have you considered an internal economy? Points convertible to cash for instance? Gamers understand points. I see. You’re looking for a current solution and I’m talking about potential. I got on that tack following your comments on what FB needs. That was the context for Money Exchange. I’m not sure if there is anything that really does the micro-payments thing well. I’ll take a look at Amazon tho and appreciate the analysis. 10% is a lot, but its may not be too much.

Have you considered an internal economy? Points convertible to cash for instance? Gamers understand points.

]]> By: Marc http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-13 Marc Fri, 08 Feb 2008 21:01:47 +0000 http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-13 For the most part I included PayPal becuase of their brand, and the fact that you can use them for $1 payments, even if it isnt the best idea to do so. Money Exchange lacks the brand recognition that I outline, so right there they arent much use for me. And, no capabilities to accept credit card payments for those that dont have a Money Exchange account and no API that I can see. What I do like is their fees. If they dont have a limit on account to account payments then their fees in that category beat out everyone I listed on this poat. ;-) Fees - https://www.revolutionmoneyexchange.com/website/fee_schedule.aspx Homepage - https://www.revolutionmoneyexchange.com For the most part I included PayPal becuase of their brand, and the fact that you can use them for $1 payments, even if it isnt the best idea to do so.

Money Exchange lacks the brand recognition that I outline, so right there they arent much use for me. And, no capabilities to accept credit card payments for those that dont have a Money Exchange account and no API that I can see.

What I do like is their fees. If they dont have a limit on account to account payments then their fees in that category beat out everyone I listed on this poat. ;-)

Fees - https://www.revolutionmoneyexchange.com/website/fee_schedule.aspx
Homepage - https://www.revolutionmoneyexchange.com

]]> By: Ron Wolf http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-12 Ron Wolf Fri, 08 Feb 2008 19:59:33 +0000 http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-12 I agree, micro-payments are essential. I wouldn't even count PayPal in this category, PayPal txns are expensive AND high-friction. Check out Steve Case's Revolution Money Exchange FB App. http://www.facebook.com/apps/application.php?id=15341040332 I'm in no way connected, and not shilling for my own self in any way either, but also take note of their pay for referral and sign-up bonus. Seems that they are serious about this. OK, one more thing, be very careful with their referral page, it puts Firefox into an error loop. I agree, micro-payments are essential. I wouldn’t even count PayPal in this category, PayPal txns are expensive AND high-friction.

Check out Steve Case’s Revolution Money Exchange FB App.

http://www.facebook.com/apps/application.php?id=15341040332

I’m in no way connected, and not shilling for my own self in any way either, but also take note of their pay for referral and sign-up bonus. Seems that they are serious about this.

OK, one more thing, be very careful with their referral page, it puts Firefox into an error loop.

]]> By: Marc http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-10 Marc Fri, 08 Feb 2008 03:33:38 +0000 http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-10 Thanks for the feedback Foreman. It would be nice to be a fly on the wall at Facebook. Thanks for the feedback Foreman. It would be nice to be a fly on the wall at Facebook.

]]> By: Foreman http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-9 Foreman Thu, 07 Feb 2008 05:54:11 +0000 http://www.trumptheniche.com/2008/02/06/plugable-branded-micropayments-for-the-social-web-application-developer/#comment-9 Very nice summary. Considering that Facebook is planning to double the size of their workforce next year, they are going to have to expand into the new areas -- one of which will probably (and logically) be micropayment processing. And I welcome alternatives to PayPal. I would love to never have to use PayPal for anything ever again. Very nice summary. Considering that Facebook is planning to double the size of their workforce next year, they are going to have to expand into the new areas — one of which will probably (and logically) be micropayment processing.

And I welcome alternatives to PayPal. I would love to never have to use PayPal for anything ever again.

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