Okay, so, a really interesting idea came up regarding potential revenue growth and platform enhancement that would dovetail with the move to AI. The suggestion is to explore implementing Payment Facilitation as a Service, or PayFac, directly within the Bubble platform. Essentially, this means integrating a marketplace and native payment processing capabilities.
This idea also directly aligns with something Josh mentioned at the first BubbleCon. He talked about exploring ways for Bubble to correlate the value with the upside their customers were experiencing. This PayFac concept is a potential avenue for that.
The core concept is that by handling payments directly, Bubble could capture a portion of the existing transaction fees, similar to what platforms like Stripe charge. We’re talking about a potentially significant revenue increase here, with estimates suggesting a possible 10 to 100 times growth.
But it’s not just about revenue. It’s also about providing a more streamlined and valuable experience for our users. Some key advantages we’d be looking at include:
- Aligning revenue with customer success: Bubble can pareticipate in the value being create’ applications.
- Simplifying development: Developers wouldn’t have to deal with complex, third-party payment integrations, making their lives easier.
- Accelerating product delivery: Building marketplace and e-commerce apps would become faster and more efficient.
- Potentially reducing costs for end-users: This could allow developers to offer more competitive pricing.
- Creating a more comprehensive platform: Imagine a truly all-in-one solution for building and monetizing applications.
Of course, there are complexities to consider. We’d need to thoroughly analyze the necessary infrastructure, compliance requirements, and potential partnerships. But the potential benefits are definitely worth exploring.