littlefish444
Joined 3 years ago
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Member since
Feb 16
Joined 3 years ago
I know there are significant issues with micro-transaction cost but I figure you could set up a little token service with minimum cash-in and cash-out amounts (say $5).
Do companies like the Economist crunch the numbers and find that they earn by more by having paying subscribers as opposed to also selling per-article? My friend and I thought about attempting a startup in this space but it seems so clearly useful and lucrative that there must be a good reason why e.g. Stripe doesn't already provide this service.
But it seems like one industry that has gotten this down is p*rnography? OnlyFans seems to be an enormous processor of micro-transactions for marginal content. Maybe people are just more willing to open wallets for that type of content?
It's interesting to see that even press "rebels" like Substack use a subscription model. You could argue this benefits writers with steady streams of incomes, and that per-purchase would incentivize clickbait and winner-take-all (not 100% sure I agree but could argue it). The more I think about it, the more concerned I am that subscriptions are a psychological trick where people (myself included lol) overly discount future dollars and over-estimate their ability to remember and cancel subscriptions.