HYIP-Man: Ask HN: How to create a service similar to Patreon?
Wednesday, March 06, 2019
Ask HN: How to create a service similar to Patreon?
Ask HN: How to create a service similar to Patreon?
I'd like to create a service similar to Patreon, I know how to do the technical side but not so sure about financial side: how do I charge users to send the funds to other type of users (creators), while subtracting a small percent? How does it need to be set up from the POV of financial compliance? Can it be reported as "payment to support Creator xyz" without a specific product? Does the company need to register as a bank or something similar to a bank? Financial services company? Where can I find some relevant resources, and how can I narrow down my research so that I don't have to read everything about all types of financial services but only more or less relevant info? (located in the US).
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Written at 6:23 AM by Frank.
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