How The Money Came In

Here’s a breakdown of the PayPal transactions for my CityPages post payment experiment.

As you can see, PayPal’s fees really take a bite out of $1 payments. On my current plan, they charge $0.30 per transaction plus 2.9% of the gross, so 33 cents on the first dollar and 2.9 cents per dollar after that. So PayPal did pretty well on this.

9 thoughts on “How The Money Came In”

  1. I hope you’re not complaining. Frankly I can’t believe anyone would pay you one way or the other.

  2. Is this a novelty thing or would your readership continue to pay you to post content day after day?

    That or your readership was tired of TP posts and wanted to actually see some great detective work on your part 😉 😉 😉

  3. Bill, that’s certainly something worth testing. I suppose that means I should write something that’s worth charging for. That doesn’t happen all that often, as you know.

  4. On a more serious vein, I’ll be interested in seeing where you go with this. While this may be the future of news, I wonder if it would lead people to write more about what they think people will pay for rather than what they – in their editorial judgment — believe people simply NEED to know. I can’t say the MSM answer for that question was very compelling.

  5. Bob, I’d like to think that people would be interested in paying for good reporting on certain issues. For example, I’m pretty confident that people would pay me to attend and report back on what’s happening using a combination of reporting, opinion, and images that people are accustomed to seeing here. How much would they pay? I’m not giving up my day job to find out.

    In the case of my ongoing CityPages coverage, I think people (in addition to the fun of being apart of the experiment) were willing to throw down a buck or two because they had a hunch they would get something worth paying for. Perhaps a model could be built around introducing a subject that people need to know about, then letting the market determine how long the story is sustainable?

    It probably makes more sense for stuff people WANT to know than NEED to know. Although something could go from a need to a want if the story connects with people.

    There are other issues with this model, such as holding back breaking news. That would make the news less valuable and likely lead to no value for the media company who tried it since competitors would scoop them.

  6. Bob — coverage that people are more interested in — isn’t that what the news business calls sweeps?

    Ed – I notice no one actually paid you not to run. Guess that hypothesis didn’t pan out, but worth experimenting to see.

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