From what I understand, in order to charge customers’ credit or debit cards, you need to use a payment processor like Paypal or Stripe. It seems like the fee for using this service is around (4% + $0.50) per transaction.
To get around this, you could make users link a bank account for ACH transfer or use crypto to circumvent this fee.
Specifically for my situation, I’m offering a B2C SaaS subscription service with plans around $5 or $10. The fees are pretty steep for these smaller monthly transactions, am I just forced to pay these fees if I want to take online payments?
For a broader audience: in your startup, how do you accept payments, who is the processor, and what fees are you paying?
You give mommy nice drawing of cat. Mommy puts gold coin in piggy bank. Mommy loves your little startup my five year old hustle bustle entrepreneur ❤️