[4207] in cryptography@c2.net mail archive
Re: Is the Time Right for Micro-commerce? (was Re: @NY Vol. 4, No. 24)
daemon@ATHENA.MIT.EDU (Russell Nelson)
Sun Feb 14 14:54:48 1999
Date: 14 Feb 1999 19:13:46 -0000
From: Russell Nelson <nelson@crynwr.com>
To: Sameer Parekh <sameer@bpm.ai>
Cc: rah@shipwright.com (Robert Hettinga), cypherpunks@cyberpass.net,
cryptography@c2.net
In-Reply-To: <199902141833.KAA12145@acid.bpm.ai>
Sameer Parekh writes:
> Thanks Bob, for forwarding to us a press release.
>
> ...no profit-killing credit card processing charges. Cha! hopes to
> make its dough by taking a percentage (about 10 to 12 percent) of the
> selling price...
I think that refers to minimum charges, not percentages. Remember how
First Virtual charged a minimum of $0.29 per transaction? It would be
hard to make up the difference no matter how many things you sold for
a quarter.
--
-russ nelson <rn-sig@crynwr.com> http://crynwr.com/~nelson
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