I plan on making my website a paid one and have a question about structuring the payment plan. Think of the website as an ecommerce site selling very low ticketed items (as low as $0.05). Since payment processors such as Paypal have a processing fee per transaction, I can't really make anything if I sell a single item for $0.05.
So, I plan on accepting a minimum of $10 (or multiples thereof) and now have 2 options:
- Implement a credit based system and sell x credits for $10. Users can choose to use 1 credit at a time if they wanted to.
- Keep it simple and simply reduce the users balance by $0.05 every time they buy a single item.
In either case, how do I handle refunds. In the first plan, do I expire unused credits after some time?