codesy is a pay-what-you-want market
for the open source community
where we can tip each other to fix important bugs.
We believe open source simply creates better software for everyone - anyone - around the world. As open source developers ourselves, we don't appreciate proprietary companies that profit off the open source community without giving us access to their code. So, codesy has been completely open-source from the beginning, and we invite you to help us make it the best funding platform for the open source community.
For more on this, see Red Hat's Why open source? page.
Our goal is to improve, and participate in, the open source ecosystem, not to re-design it around financial incentives. We hide the financial amounts of bugs to protect the social market of the community. Publicizing bid amounts creates artificial (and detrimental) monetary incentives to what is an otherwise socially-motivated activity.
For more on this, see A tale of two markets (pdf), a research article by James Heyman (UC Berkeley) and Dan Ariely (MIT)
We use Stripe for Codesy's bid and payout handling. The details of your credit card or bank account are not saved in Codesy's database.More about Stripe
When you land on a bug, you can quickly and easily "bid" a couple of amounts:
When a developer has fixed a bug, they submit a claim with a URL as evidence of their fix, so that the offering bidders on the bug can approve (or reject) their claim.
When a developer submits their claim, the offering bidders must unanimously approve the claim, so the offering bidders are completely satisfied.
Note: We are eager to learn more models for approving claims. If you have an idea, please file an issue on GitHub
Claims that do not receive votes are automatically approved after two weeks.
When a developer's claim is approved, they receive a link to have the payout transferred to their bank account. The payout will show in the developers bank acount in two days.
Yes. To cover development & operational expenses, and to re-invest back into the open source ecosystem, codesy charges a 2.5% fee on all transactions. I.e., 2.5% on offers + 2.5% on payouts, for an effective fee of 5%.
When you bid an offer on a bug, we add a 2.5% charge. E.g., if you offer $10, we will charge $0.25.
When you receive a payout for a fix, we add a 2.5% charge. E.g., if you receive $100, we will charge $2.50. We will automatically deduct this from your payout.
The cost of credit card and bank account processing is split between the offeror and the claimant. E.g. On a $15 payout a fee of $0.84 will be shared. A fee of $0.42 will be added to the offerer's payment and a fee of $0.42 will be deducted from the claimants payout.
Your credit card is charged when a payout is requested. When you make an offer we create an authorization on your credit credit card.
The amount of extra money is evenly split between the offerors and claimant. We think this fairly adds a bonus to the claimant and a discount for the offerors.
For example, if a dev asks for $5 and there are two offers of $5 and $10 the extra $15 will be split between the three participants. The dev will recieve $10 (minus processing fees) instead of $5.
And each offeror will be charged only $5 (plus processing fees) instead of $10.