Payhere

Another quick update on Payhere that I wanted to share with this community first. We've just made a decision that goes against typical SaaS wisdom - we're reducing our transaction fee from 2% to just 1%.

Why the price drop?

A few reasons:

1. After reacquiring Payhere last year, we've had time to analyze our operating costs. Turns out the platform is incredibly efficient to run (we spend just 30-60 minutes a week on support).

2. We believe this positions us as the most affordable no-code payment solution for creators, small businesses, and indie makers. At just 1% on top of Stripe's processing fees, we're now significantly cheaper than alternatives while maintaining all the simplicity.

3. We're betting on volume. With over $25M processed and thousands of merchants across 100+ countries, we're hoping this price drop encourages more transactions and brings new users to the platform.

What's staying the same:

• Our dead-simple UX that lets anyone create payment links in seconds

• Powerful features like subscriptions, payment plans, and donation options

• No monthly fees (we only make money when you make money)

• The same reliable infrastructure processing millions in payments

What's next:

We're doubling down on supporting specific niches where Payhere's simplicity really shines - freelancers, small agencies, event organizers, course creators, and others who need simple payment solutions without the technical overhead.

If you're looking for an easy way to accept payments online without the usual platform fees, now might be a great time to give Payhere a look (or another look if you've tried us before).

Curious to hear from other founders - have you ever successfully dropped prices? Did it drive the growth you were hoping for?

Hey Indie Hackers! Thought I’d share a little update on Payhere that might resonate with some of you who’ve been through the founder journey.

Last year, we quietly reacquired Payhere from the US company who purchased it back in 2021. No juicy acquisition details to share (sorry!), but what matters is that we’re back at the helm of the product we built.

Since then, we’ve been in stealth mode - mostly answering customer support tickets (turns out our users are pretty self-sufficient - only 30-60 minutes of support needed weekly!), handling major Rails upgrades, and keeping the infrastructure humming.

The cool thing? While we’ve been heads down on other projects, Payhere has continued to be the backbone payment solution for thousands of merchants across 100+ countries. These businesses rely on our simple payment links for everything from one-off payments to complex subscription models. We’ve processed north of $25M in transactions, which feels pretty surreal for a product we haven’t actively promoted in a while.

We haven’t added any shiny new features yet - we’ve had our hands full with other projects. But here’s where it gets interesting: we’re back and carving out dedicated time for Payhere again. We’re exploring growth opportunities in specific niches where that magical combination of no-code simplicity and low fees (just 1% on top of Stripe) really shines.

For those who’ve been through acquisition and reacquisition - or are thinking about that path - happy to chat about the experience in the comments. It’s been quite the journey!