Stripe now integrated into Zaprite
139 sats \ 2 comments \ @john 2 Jun 2022 bitcoin
I've pushed a recent update which allows users to connect their own Stripe accounts (via Stripe Connect) which allows their clients to pay invoices with a credit/debit card.
This has a few advantages:
  1. It sets up Zaprite users to take advantage of future Stripe marketplace apps to auto-convert payments to bitcoin (think OpenNode's recent announcement).
  2. It offers Zaprite users a fiat fallback on their invoices, for non-bitcoiner clients.
  3. It opens up Zaprite to a larger user base, who would normally only accept fiat, but are curious about earning bitcoin.
  4. It allows Zaprite to potentially earn fees on these payments.
I hope people find it useful. Happy to answer any questions, or take feedback.
If any Zaprite users want to try out the connection and drop a comment below letting me know how it goes I'd really appreciate it.
Cheers!
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2 sats \ 1 reply \ @starbuilder 3 Jun 2022
John, Understand why you did this because at starbackr we went through this integration with Stripe a couple of weeks ago to onboard no coiners...!
My question is about your $0 business model. Even Stripe is free? How are you planning to make money?
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0 sats \ 0 replies \ @john OP 3 Jun 2022
The credit card payments go straight to the Stripe user's account, so they pay the standard Stripe cc fees directly (~3%). We have an opportunity to add an 'application fee' on top of that if we choose. For example, we could add 0.5% to all cc payments going through Zaprite.
However, my first choice is to introduce standard monthly subscription plans for Zaprite. That way, all payments remain free (to user's own self-custody wallets), and they only pay to access features they want to use on Zaprite.
After that we have many revenue-sharing options we are currently exploring. We can always partner with other companies for cloud node hosting, virtual debit cards, etc.
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