How We Picked Between PayPal and Crypto for a $500K/Year Digital Product Launch
The article discusses the challenges faced by a company in managing payment systems for their digital product launch. After experiencing issues with PayPal and Stripe, they implemented a dual payment system using PayPal and Monero. This change significantly reduced frozen funds and increased revenue from Monero transactions.
- ▪The company launched a CLI toolkit for engineers and faced high PayPal fees and frozen funds.
- ▪They initially tried PayPal Payouts and Stripe but encountered significant issues with both services.
- ▪After implementing a dual payment system with PayPal and Monero, frozen funds dropped by 91% and Monero orders grew to 34% of revenue.
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try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 3942413) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } Alice Nkosi Posted on May 22 How We Picked Between PayPal and Crypto for a $500K/Year Digital Product Launch #community #webdev #programming #opensource The Problem We Were Actually Solving In 2024 we launched a $99 CLI toolkit for engineers who automate cloud security posture. By month six we were processing $1,200 a day in PayPal fees and $300 a day in frozen funds awaiting manual review.
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