@GoGriddy This is getting out of hand. High price alert at 7:35? We’ve made this work so far but can’t adjust with the whole family home. Is there a plan or should we just get out?
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that’s actually an interesting point, griddy charges you when you hit a min. balance, if it’s a big charge like $300, then you slowly pull from that, you are sitting on customer money, are you making interest on it? that would be more than making “just the member fee”
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I realize there are tax implications...but maybe you should look at earning interest...then, use that money to better your service...i.e. fixing and improving your app, price spike protection, etc etc...
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Interesting thought.
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So are you saying Griddy holds these funds in non-interest-bearing accounts? I can’t imagine that positive customer account balances aren’t generating interest or other income to someone! If Griddy isn’t the one getting interest or other income from these funds, who gets that $?
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Yes, Griddy is holding the money in a non-interest-bearing account. See https://stripe.com/about for more information about how that works.
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