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Business Model

Decoded: How does Discord Make Money?

Citron’s previous venture OpenFeint was based on a similar concept. It provided a social platform for gamers where they could maintain leaderboards, bet with virtual currencies and award achievements. OpenFeint was predominantly targeting mobile games & was eventually acquired by Japanese mobile gaming giant GREE for a fee of $104 million. The idea of the Discord came from the difficulties many users faced while connecting through VoIP. Citron wanted to create servers where users can connect and chat or speak to each other making them feel like they were sitting next to each other. Competing against the likes of TeamSpeak & Skype, it was going to be an uphill task.

How Does Discord Make Money?

In a first attempt to seek financial support from its users, Discord urged their loyal fan base to contribute to the company as a “THANK YOU” gesture. There was no hiding from the fact that the sole purpose to launch the Nitro feature was to address the core issue of how discord makes money! Th

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How does Ebates Work? A Complete Guide on Ebates

Cashback!! This glorious word pops out the eyes of many who are Shopaholic. Shopping is fun especially for women and the majority of women cannot resist it. Shoppers around the world always look for products with the lowest prices. Great companies who have offered huge discounts have suddenly increased their market base due to the flow of customers. Today we are going to discuss a business model that offers Cashback on purchases made on any of its merchant site, Ebates. Ebates was incorporated in the year 1998 by two former deputy district attorneys, Alessandro Isolani and Paul Wasserman in California, San Francisco, US.

The year 1995 onwards started seeing growth in online shopping as well as offline shopping thanks to digital advertisements and new age media. The offline couponing was not new as the companies used to share discount coupons and leaflets inside the newspapers and as advertisements. Internet got many new technologies and means to offer the best products and big discoun

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Uncovering the Facts: How does Venmo Work?

How Does Venmo Work?

Here’s the deal. You need to sign up on Venmo to pay or receive money. There are two ways to connect this money to its source. You can link your Venmo account directly to your bank account or set up a credit card. If you chose credit card as a source then you’ll be charged 3% of the amount you pay. But How does Venmo work exactly? It charge this convenience fee to give you some credit.

However, if you connect your bank account with Venmo, or set up a debit card, the transactions are absolutely free. The only catch in the Venmo business model is the limit for maximum transaction amount. If you have not verified yourself on Venmo, than you can only send or receive a maximum of $299 per week. If you have verified yourself than the weekly cap is for a maximum of $2,999. You can find the recipients based on their contact names, usernames on Venmo or even email IDs.

Along with the transaction, you can leave a quick note describing what this money was for. Usually, peo

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