3 ms·
What about a system that holds X amount of donations in escrow until the amount hits a certain threshold, then releases the total amount in one actual (bank/pay
by exikyut 9y ago
What about a system that holds X amount of donations in escrow until the amount hits a certain threshold, then releases the total amount in one actual (bank/payment processor) transfer. Might mean lower fees.
Such a service could also have a "release funds now" option for emergencies where you'd accept paying hiked-up fees.
- maxyme 9y agoA problem is that there is a limit on how long you can wait to make a credit card charge before your first verification charge expires. If that makes sense. Basically there's no way to determine the card has 3 months of $1 on it when you want to make the charge and if you make it earlier you pay the fees.
- exikyut 9y agoExtremely good point. I was just thinking about the intermediary->payee bit. I forgot the payer->intermediary bit, and that this is a credit card charge too. Now I realize I mentally modeled the whole problem incorrectly. Thanks for pointing that out.