Powerchat does charge fees. It charges the transfer fee required by PayPal or Stripe, and it can charge on top of that as well.
>Powerchat LLC may charge a service fee to each transaction on the platform in addition to the payment processor fees. Powerchat LLC aims to have a total fee rate (excluding any flat charges from the payment processors) of approximately 10%. As such Powerchat LLC may charge fees as follows: - Stripe: 7.1% Powerchat LLC Fee on Powerchats and 25% on Subscriptions - BTCPay: 10% Powerchat LLC Fee These fees are subject to change at any time and without notice. These are target fees and may not reflect our current fees. Fees will not exceed these percentages unless reflected here first.
Regarding any privacy issues, they collect credit card info and billing addresses.
>If you purchase Powerchat LLC's products and services, we collect billing and credit card information. This information is used to complete the purchase transaction.
>To wit, we will use your information for, but not limited to, communicating with you in relation to services and/or products you have requested from us. We also may gather additional personal or non-personal information in the future.
According to loulz, the money goes straight from one Paypal account to another, and powerchat doesn't middleman it at all.
I don't put much faith into what loulz has to say, because he seems retarded, but if that's all powerchat does, then it would take half a day to set something like that up, especially if you're only going to use it for yourself. Just build a wordpress website with a paypal button on it that says donate.
I'm wondering if the payment processor up the chain has incentivized them. For example, bring X amount of business, and they pay them.
It needs to be noted that Powerchat seems to give the creator the option for processors. If you want to use Paypal, you put the PayPal buttons on your page.
Powerchat may charge creators a flat fee to use their site. So that's how they could turn a profit. Because after all, if all of these streamers had to shill their own PayPal emails, their donations would be total shit. No one uses that. But people do use things like StreamElements, and StreamAlerts, and PowerBottoms, or whatever.
Even if they just broke even, it may be a way to build up the business and sell it off.
>we process X number of transactions a day
>heres our steady growth over 1yr
>the entire property is yours for $1m
Baked Alaska allegedly invested $10k in powerchat. I don't understand where that money goes. I doubt powerchat has any sort of ACH functionality, i.e. powerchat is not the entity transferring the money.
www.paypal.com
