10 sats \ 0 replies \ @PurseIO OP 13 Sep 2022 \ parent \ on: AMA - Ray Marceau, CEO of Purse.io bitcoin
Great question! As one of the oldest Bitcoin utility companies, we do make money besides just hodling Bitcoin! We charge a service fee that’s based on the discount requested (ranges from 1.9-4.7%). For 10% discount or less, Purse charges Shoppers a 1.9% flat fee. With this revenue model, Purse requires a high volume for cost of goods sold.