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if you can please consider making a regular recurring payment of a few bucks every month rather than a one-shot lump sum. this is because it's easier for a comp
by DyslexicAtheist 6y ago
if you can please consider making a regular recurring payment of a few bucks every month rather than a one-shot lump sum. this is because it's easier for a company to budget and plan with recurring revenue than a one-off donation.
- probst 6y agoRecurring and steady incoming is certainly useful for any company, but I would advise against doing tiny monthly donations over a larger yearly one! Processing fees are going to take away a significant chunk of your total donation relatively speaking if your individual donations are small. Let's do some math: In signal's case, since they use Donorbox, there is a 2.9% + 30¢ fee for credit card transactions going via Stripe (in addition to another percentage that goes to donor box). If you were to donate $24 once per year, Signal would end up with just over $23 after processing fees had been deducted. If you donated $2 per month, they would end up with $19.7 per year, an additional $3 being spent on fees! Edit: unless they have some special lower cost stripe rate of course, in which case you can ignore my comment altogether ;)