Meatloaf - our last posts crossed.
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What are your plans for getting mass users to adopt your technology?... a commission based structure for people recruiting users (like 5% of what the user spends for life)?
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Initially, 10% of what the surfer spends, capped at $10.
But look, you can't ask for low fees in one breath and high referrals in the next ;-) We've tried to strike a balance between the two. We want to reward early adopters, but we are capping the referrals so we can drop the fees as quickly as possible once traffic builds. we might reconsider the best mix, but for the start-up period it looks about right.
How solid is the company? We are a new company set up in the UK to develop this opportunity, totally debt free. We intend to stay that way, so you won't see us funding referrals from money we aren't getting in, or dropping our fees to an unsustainable level.
We are not averse to a partnership or license scheme with existing processors on the right terms. We approached several during development, it was like talking to a brick wall. Now they can see the system works - they know where we are.
Best Regards,
Danny