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  • Hacker News
  • read it again, ah this is USDC but not sure if that is still safe, i know tether has a lot of issues and fragility and some very dodgy stuff

    so take normal cards then pay out in USDC....is that safe?

    by zuzululu
  • How do you compare to https://usedots.com/?
    by Jommi
  • Cool project, what is your marketplace you are referring to if not a secret?

    Also the pricing is not very clear - you mention your costs went down to $6, but the first paid tier is $99/month ?

    by aleqs
  • There are others that use stablecoins but also handle the legal side like KYC and AML, I was looking at Coinflow for one, so you're probably better off using them.
    by satvikpendem
  • Should also be noted that you have a fantastic handwritten blog that everybody should subscribe to. Keep up the good work!
    by haaz
  • How do you handle refunds & chargebacks? And do you have a maximum amount that can be charged?

    For context - I'm building a marketplace for artists and struggling to find a global payouts rail. The ones that exist have really high turnover requirements or reject new marketplaces that deal with higher value physical items due to chargeback risk.

    by renierbotha
  • The website design and art are beautiful, well done.
    by ind-igo
  • It's worth noting that this offloads the KYC/AML component to someone else down the road, but doesn't protect you from possible money laundering risk (e.g., you send USDC to a sanctioned individual who launders it into monero or something else). I'm no lawyer but I did work on Stripe Connect's compliance pieces for five years and I would NOT take the risk of (as a business) sending money to USDC addresses without actually verifying identities.

    It also doesn't offer you protection against fraud (which is a huge problem that marketplaces face).

    Frankly the missing piece to this is a real, actual identity verification component. If you're not checking identities against sanctions lists at the absolute minimum, you're not doing your due diligence. I wouldn't take that risk. The last thing you need is to be on the receiving end of a US Treasury inquiry.

    by bastawhiz

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