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I manage online donations for a small non-profit. Amounts below $5 are significantly eaten by fees and overhead (getting worse as amounts approach $1). Please c
by nathancahill 8y ago
I manage online donations for a small non-profit. Amounts below $5 are significantly eaten by fees and overhead (getting worse as amounts approach $1). Please consider changing your giving to $12/year. Right now half of your money isn't going to the causes you're trying to support.
- JoeAltmaier 8y agoHuh. Patreon takes 5%; Paypal takes 1%. How does that eat up $5? I ask in order to find out.
- grenoire 8y agoFlat base fees
- nathancahill 8y agoSmall volume CC processing is 2.9% + 30¢. For $1 that's 33¢. Another 10-15¢ in overhead with accounting, sending tax-deductible receipts, etc. Little things add up. In the above example: 12 donations of $1/month: organization sees about $6.50. 1 donation of $12/year: organization sees about $11.20.
- per4 8y agoDo you guys accept crypto donations? Seems like they would solve the problem perfectly.
- augustl 8y agoThat makes sense, I don't see why not. Patreon probably batches this for me. I end up paying $15-20 a month (and growing) to Patreon, then they distribute that to the individual content creators. (Except that I closed my Patreon account since they decided to get all arbitrary and political over the Sargon of Akkad thing, but I suppose a good alternative will prop up eventually, which is why I'm looking into donating directly to the source)