The intent here is to make becoming a subscriber worthwhile. I'm aware that you can get things like VPSes or shell accounts (i.e. SDF) for less than we are offering, but consider this as a throwin for helping support the site. Image hosting will be useful for instance for user-created content in journals (which is slated site upgrade).
This brings us to a point I don't really want to bring up (but is necessary). Obviously, we're going to need to accept payment in some method. We're already planning to accept PayPal since that support is already baked into slashcode, and most people are at least familiar with it. However, I do know our community is almost certainly going to have issues if PayPal is the only accepted merchant. As such, I'm willing to look at basically any company recommend by the community to process payments (as well as some of the larger "generic" ones like Google Wallet). With luck, we will be able to accept payment from 3-4 various payment processors so the community has their pick of who they are willing to use.
Unfortunately, at this time, we are not accepting cryptocurrencies such as BitCoin. This isn't because of technical reasons; we could likely hook into Coinbase or other services relatively easy. The problem is BitCoin, as defined by the IRS, is not currency; it is considered property and investments, and thus is subject to capital gains taxes. It is not clear if we would be liable for it, or if it would be handled via the processor. This is a question we need to forward to a CPA, but I do not expect an answer quickly, as ink on the regulations is still wet. We hope to be able to accept cryptocurrencies in the near future, although we may have to charge a premium to offset any additional tax burdens this places on us. We will be investigating as one of our first priorities when dealing with setting up the finances side of SoylentNews.
(Score: 3, Insightful) by urza9814 on Wednesday June 18 2014, @06:45PM
I agree that we should make sure any sponsored posts come from within the community. But I don't see how forcing a year subscription would at all accomplish that. You think Microsoft can't throw $10/year on their PR department's card and forget about it? Maybe they'd even create 52 different shill accounts and start Microsoft Mondays...
What I think we need to do is say you have to have a certain number of comments, a certain number of accepted submissions, or perhaps better yet a certain karma level before you can pay for a sponsored story. Money is not how we measure a good community member -- karma is.
Maybe even make it paid with both cash and karma. $10 plus 10 karma gets you a sponsored post. Makes sense that spamming ads would burn karma; and also provides a limit to how many sponsored post a person can create. Even if someone manages to "game the system", that presumably just means we end up with a lot of high-quality comments!
I also *don't* like the idea of forcing the cost up by tying it to a long-term subscription. For example, recently I was working on a free Chrome extension that would add basic crowd-sourced fact checking to articles posted on your Facebook feed (Then Facebook redesigned the UI again and broke it, and I haven't been bothered to look at it again.) I bet some people here might be interested in a project like that, and I might pay $10 to get it out there and get some quality feedback. Maybe even more contributors! But if you're saying a year and a half subscription? $180? Not worth it unless I'm selling you something. Plus I'm gonna start thinking I better not use my one chance yet, just in case I've got something better in 9 months.
The way I see it, we want the barrier to entry to be low for people who are already community members; high for anyone else. Which we achieve by using a little cash and a little karma. Gonna cost a lot of time to build that karma if you don't frequent the site; but if you're here daily you probably already have plenty. Likewise, if the cost is too high you'll only get ads from people who think they can turn a profit from it; but at $10 we might get people advertising their own hobby projects, their favorite open source project, maybe even paying for a rejected submission that they just really want to discuss. And that's the kind of sponsored stories I'd wanna see.