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"For example, if you're processing $100k/year and refund 5% of your payments (which would be on the high end of normal), it works out to about $12/month". Patr
by brongondwana 7y ago
"For example, if you're processing $100k/year and refund 5% of your payments (which would be on the high end of normal), it works out to about $12/month".
Patrick, please don't do that. It's scummy maths and unworthy of you. Either "if you're doing $8k/month it work out to about $12/month" or "if you're doing $100k/year it would work out to about $145/year" would be better. Using different units for the two different figures to make them look further apart is the kind of thing done by people trying to mislead with data.
- dx034 7y agoI don't think it's scummy. Revenues are usually measured on an annual basis, fees for many subscriptions come monthly. I believe this gives a good idea on monthly expenses for a business of a certain size.
- brongondwana 7y agoEverything you say is true and yet - it also makes the amount look lower than it is (about .15%), which is still pretty small but it's O(100) vs O(100k) rather than O(10) vs O(100k).
- BoorishBears 7y agoYeah but why are you saying "It's scummy maths and unworthy of you?" such an overreaction Most people think of those kinds of expenses in monthly terms, maybe you're not aware of that. This isn't a press release, it's someone's comment off the top of their head.
- bbutterworth 7y agoI was caught off by this sleight of hand; I agree that it is scummy.