Interesting critique on Money Button's 30% sales tax re: 'p…
Interesting critique on Money Button's 30% sales tax re: 'paymail trading'.
I hope that as a Twetcher, I don't need to explain that I am not insulting Ryan's business methods (neither is Ed).
- Just opening a discussion.
https://youtu.be/ukeS4oquMKc
Replies
if you buy a paymail for a dollar... why do I care where 30 cents goes? Either its worth a dollar for you to have it or not.
If I sell a Paymail for 1.0 BSV... I care that I receive my set sale price, not 0.7 BSV. It's worth the amount the seller determines, and as something the seller owns, why should such a large percentage go towards a third party?
Don't look a gift horse in the mouth. Moneybutton thankfully invented a system that you can profit off of. Congratulations.
Certainly, perhaps this fairly high percentage is only temporary as the platform develops past these early stages?
Thanks for your input.
Start a business that copies them and charge 20 percent... compete if you see market opportunity. Complaining is what my ex-wife did.
I don't see anyone complaining Darren.
There a many businesses copying this strategy as it is, competition is incredibly necessary for growth in our already rapidly expanding community.
Cool... I'm sorry for speaking bluntly off the cuff. I do think that competition will bring pricing to fair value. Moneybutton is first to market with the paymail protocol monetization. We'll see if they get any competition.
I'm sure we will see this moving forward, very exciting times ahead!
It's an interesting balance as your initial paymail is $1, basically free. But when you make money on speculation, they do too. It's a win-win business model, compared with charging a large upfront fee to everyone.
Not interesting in the slightest. Money Button can charge 99% fee if they want. This is socialist crap. Money Button have worked hard to make a great tool that increases the value of BSV.
I am very happy Money Button are able to monetize their service.
Speaking of used cars -- nobody complains in California for state taking 10% of the price of the used car as a sales tax.