Geocoding API for addresses and coordinates
Geocodio monetizes by charging usage-based fees, rolling up customers' monthly usage to save on transaction fees instead of charging daily for API usage. They integrated Stripe to handle payments and began receiving payments shortly after launch, which covered their initial operational costs.
“so the way we decided to build people was we’ll just roll up your whole usage for the month so that we save money on transaction fees rather than charging people for their API usage every day”
“And I remember that we had integrated Stripe and everything. We had planned to make money on it. But when February 1st came around, we launched, was January 20th, 21st, 2014? ...I remember you ran a database query and it was like, people actually need to pay us. ... it was like $30 ... But it mea...”