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    Dan Price

    Founder, Gravity Payments

    Dan Price is an American entrepreneur, businessman, and media personality known for being the co-founder and former CEO of Gravity Payments, a credit card processing and financial services company.3 He was born on May 13, 1984, in Lansing, Michigan, and raised in an Evangelical Christian household in Nampa, Idaho.3

    Price gained recognition in 2015 for raising the minimum salary for Gravity Payments employees to $70,000 while lowering his own wage from $1.1 million to $70,000.3 He started Gravity Payments from his dorm room at Seattle Pacific University (SPU) at the age of 19.43 Price built the company on the values of honesty and transparency.4 He aimed to address the issue of small business owners being overcharged by credit card processors.4

    In April 2015, Price announced he was raising the minimum salary at Gravity Payments to $70,000, cutting his own salary from $1 million.2 He has said this decision stemmed from reading a study that suggested $75,000 was the happiness tipping point, and he wanted to improve the lives of those around him.12

    Price resigned as Gravity Payments CEO on August 17, 2022, to focus on fighting false accusations made against him.3 On May 28, 2024, Price announced his return to Gravity Payments in a new role advising and assisting the CEO on strategy.35 Despite no longer being the CEO, he still owns 100% of the company.5

    In October 2024, Price was charged with rape related to an event from 2021.6 He was released on bail and is scheduled to be arraigned in January.6

    Related Questions

    What inspired Dan Price to start Gravity Payments?
    How did Dan Price's decision to raise the minimum wage impact Gravity Payments' growth?
    What challenges did Dan Price face after announcing the $70,000 minimum wage?
    How does Dan Price's leadership style differ from traditional CEOs?
    What are some key ethical decisions Dan Price has made at Gravity Payments?
    Dan Price
    Dan Price, photo 1
    Dan Price, photo 2
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    Location

    Greater Seattle Area

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