Yes, but not once off. Is that not strange?

Question

Bake EN (official)

Em

Yes, but not once off. Is that not strange?

0

01.08.2023

3 ответов

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DanieL BaptistA

Not exactly. Just a different business model. Banxa obtains their revenue by charging anyone who uses it, a fee on the total gross transaction. Contrary to it, and more like Visa for example to establish the analogy with your debit card, easier to understand, Stripe charges a residual fee on the merchant by facilitating the transaction to him. It does not charge the end user who obtains the product. Therefore, advantages for the end user, that gets more for his buck. And to the merchant, who has access to a broader audience. As for the use of different providers for different ends, it makes no surprise to me. The Bake/Provider bridge is established by long time now for example with Banxa, with agreements signed for sure, so makes no sense in ending the deal with them as a on ramp for the retail investor that wants to try the platform, which is mainly the use of it. For DCA, Stripe solution fits perfectly Bake purpose of a true DCA for the user, who gets exactly what it pays for, without spending in fees that could eat that advantage 🙂

0

01.08.2023

Peter | Venus2Close

DanieL BaptistA
Not exactly. Just a different business model. Ban...

Yes. And with Stripe, you should be able to negotiate a really good fee structure for Bake.

0

01.08.2023

Ferhat · Accepted Answer

Ferhat

We want to encourage users to set up recurring buys, as this is one of the smartest investment strategies long term. Read more about DCA here: https://bake.io/blog/dollar-cost-average-with-bake

0

01.08.2023

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Yes, but not once off. Is that not strange?

3 ответов

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