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Hi there!
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Summer is almost over, kids return to school, parents return to work, and the Lago Product Update is back.
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Minimum / Maximum per transaction
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The percentage pricing model includes a new option for defining minimum and maximum prices per transaction.
When the minimum and maximum are set, Lago automatically adjusts the transaction fees to ensure that they remain within the limits.
For instance, if you want to charge 1% on the transaction amount and $0.50 per transaction, with a minimum of $1 and a maximum of $5:
👉 A $20 transaction will cost $1 ($20 x 1% + $0.50 = $0.70, so the minimum applies); and
👉 A $600 transaction will cost $5 ($600 x 1% + $0.50 = $6.50, so the maximum applies).
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Graduated percentage pricing
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We have added a new graduated pricing model, which allows users to define prices based on a percentage of the number of units (e.g. transaction amount), and to add a flat fee for each tier (optional).
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Lago in the news 👀
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"Let's build a homemade billing system" is a simple sentence that engineers have heard many times, and usually means trouble.
We wrote a blog post about the four biggest problems with homemade billing systems, which made it to the front page of Hacker News this week. If you want to find out more...
👉 Read the article
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Italian locale
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Ciao a tutti! The Italian locale is now available on Lago. It can be selected as your organization's default language or as the preferred language of your customer(s).
Thanks to Simone B. for their contribution! 🙏
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Thank you and stay tuned!
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The Lago Team
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Lago is a company backed by
Y Combinator
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Lago, built with love around the world!
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