StreemPay
1st StreemPay update 💪The Problem we are Solving
May 26th, 2020
Dear Product Hunt Land,
We are trying to solve the Paywall Problem:
- Low conversion rates (sometimes <1%) because a lot of people hate paywalls and don't want to juggle multiple subscriptions.
- High churn rates because a lot of people don't feel like they're getting consistent value from their subscriptions and so cancel over time.
- Both of these leading to lower revenue than the content creator needs and deserves.
Our solution is to bring a sense of fairness to both sides of the transaction:
- Users should be able to pay for content when they want it and pay only for what they consume, even if it's half an article, 30 seconds of a video, or one chapter of an audio book.
- Makers should be able to focus on creating an amazing user experience and not have to worry about checkout flows, conversion funnels, abandoned carts, or churning subscribers; they should get paid instantly for the content their users consume.
StreemPay is a new type of payments platform that will do just that
- Works behind the scenes with minimal-to-no impact on any site's UI/UX
- Developer-friendly requiring only a code snippet to be added to your site
- User-friendly as it provides an easy way to control spending and see costs
- Compatible with existing subscription plans, i.e. you don't have to change your business model
- Helps capture the long-tail of value most subscription models leave on the table
- Can dynamically change the price of content to optimize revenue based on demand
Where are we now?
- We have the product roadmap and know how we will deliver this
- We are building the demo so we can test our assumptions
- We are building a subscriber waitlist to demonstrate demand
We need your help to make this a reality
- If you like this product and want to see it come alive, we need your help
- Please subscribe to our PH upcoming page: https://www.producthunt.com/upcoming/streempay
- If you could also follow me @fozter on PH it would be greatly appreciated
- You can also follow us on Twitter: @StreemPay, @fozter
- And of course join our official waitlist on our landing page: https://streempay.com
- But most importantly, we would love you to join us on this journey, providing any support, cheers, grumbles, feedback, queries, questions, and concerns along the way.
Thank you!
StreemPay Dream Team
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