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Comment by zeroxfe | Hacker News Reader

Hi folks -- co-founder Mo here. Happy to answer any questions about this.

We've spent the last year building this platform, and done a ton of surveys and studies to support the thesis behind the product -- users are fatigued by subscriptions, and ads are annoying.

The platform is also technically very interesting, and I'm happy to talk about that too.

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There’s no explanation on your site anywhere (at least without signing up) but as a content creator what would my readers expect to experience with your service? Am I basically counting on people to go to your site, set up a new account, and load up their “wallets” with USD that can be semi-automatically siphoned off when they visit a Quid-enabled site?

Good question. There are no wallets, and users don't have to go to QUID to signup beforehand.

One integrated, the payment flow is smooth -- they click pay on your site, it pops up a credit-card entry form, with an e-mail textbox for signup. Once verified, the goods are paid for and you get a signed receipt to deliver your content. (User's cards are charged after they hit a payment threshold.)

More about it on our knowledge base: https://how.quid.works

(Also good point, we'll make that clearer on our site.)

Does Quid take risk on shoppers who never hit a payment threshold?

Partly -- we payout only captured fees, but carry chargeback and fraud risk. We're trying to find a balance between practicality and utility, and all this will evolve as we learn more.

Seems ripe for fraud, seller delivers and never gets paid due to threshold (one time shoppers). Good luck.

Nice, I like this model. As stated, this would be really useful to have in the site.

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