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)
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 processing is split between the offeror and the claimaint. E.g. On a $15 payout a fee of $0.76 will be shared. A fee of $0.38 will be add to the offers payment and $0.38 will be deducted from payouts.
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 authorization is renewed until a claim is made.
The amount of extra money is evenly split between the offerors and claimaint. We think this fairly adds a bonus to the claimaint and a discount for the offerors.