Comment by cmcaleer
4 months ago
Solana is the main chain I use for these transfers, and it’s 0.000005 SOL * $170/SOL = $0.00085 to transfer any amount of USDC. so I was a little off there. My apologies for a $0.0008 error.
By the way, I specifically mentioned Coinbase commerce takes about a dollar: > $100 (or $99 with some 3rd party integration like Coinbase Commerce)
Stripe fees vary, but in a frequent case where a user is using an international card in a foreign currency it’ll very easily get close to 5%.
For me, yeah $2.2 is relatively immaterial. For a provider who’s doing $1MM in crypto transactions? Somehow I suspect that a few percentage points are quite meaningful, and I get the benefit of not having to explain what a seedbox is to my bank if they ever call me.
Again, crypto as a payment method is not for everything. But it’s quite nice to have the option.
No comments yet
Contribute on Hacker News ↗