In 2013, I had just started as an independent and I became interested in online payment methods. I had the intuition that crowdfunding and micropayments could become important tools to develop my activity as a creator and publisher. This is how I discovered Bitcoin, it was the revelation and I expected a lot. Unfortunately, the payments revolution has been slow, but I think today it is ripe and will smash everything. Hang on your seatbelts!
Peer-to-peer funding not possible
For years, people have been able to use the internet to create, publish and maintain a direct link with their audiences, in a peer-to-peer manner. But the area of payments is the last to “resist” decentralization. With traditional payment tools, you can’t do without credit card companies, banks, PayPal, and so on. There is always an intermediary, unlike a public concert which authorizes the “hat” donation or the sale of products with cash.
Although the accessibility to these means of payment has improved since 2013, it is often still a little complicated to manage it yourself. This often leads people to delegate these aspects to platforms like Amazon for their shop or kickstarter / tipeee for their crowdfunding campaigns.
This dependence comes at a gigantic cost. Often hidden from buyers because it relies on the seller. Here are some examples :
- On the store PVH editions, if you pay something € 26 with a bank card, I get € 24.95 on my account (4% commission),
- Sure Tipeee, if I make a micro-donation of € 1 with PayPal, I will pay 1.28 € (almost 20% commission),
- Sure Tipeee always, when I received a donation of € 7 on May 15 (thank you to our tipeur), I will only receive € 6.44 in my bank account on July 1 (8% and delay of 1 to 2 months),
- Sure Ulule, during the campaign of Printers, we raised 3889 € on PayPal + € 7,016 by credit card. Total € 10,905. You must then deduct the costs PayPal from 195.68 € (5% fees) and those from Ulule 631.85 € …