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I was very confused by this. Why the 11 cent offset for currency conversion? Are there some laws around sending $155k in foreign payments? From a PR perspective
by whack 5y ago
I was very confused by this. Why the 11 cent offset for currency conversion? Are there some laws around sending $155k in foreign payments? From a PR perspective, that extra 11 cents provides a pretty good ROI since you can just say that you've donated $155,000
P.S. This isn't intended to be criticism, just curiosity. Kudos to Sentry for the donation. If every profitable company donated $2k per developer, we can expect some pretty amazing innovations in OSS
- awb 5y agoOn the contrary, having a bizarre number creates marketing buzz and curiosity. $154,999.89 got me to click. $155k can get lost in the shuffle of all the other numbers getting thrown around on HN.
- marcinzm 5y agoI'm guessing one project required currency conversion and so the 11 cents is the cost of conversion for that one project. Maybe they gave the project $10 and 11 cents got eaten in conversion making it $9.89. It's possible they spent $155,000 but projects only got $154,999.89 so the note the latter.
- whit537 5y agoYup, it was https://www.softwareheritage.org/ https://www.softwareheritage.org/, they accept donations in Euro only. :)
- gowld 5y agoIf you spent $155K, that's how much you donated, regardless of the transfer fees. But if you spent $154,999.89 because the exchange rate slightly improved while you preparing the transaction, after you chose a number of Euros to donate, then you spent $154,999.89
- mikeyouse 5y agoThe amount you're quoted for an international funds transfer often varies slightly from the amount that's actually charged.. So if you initiate a $500USD -> EUR transfer quoted at 0.8591 so the recipient receives EUR429.55, it might actually clear at 0.8593 meaning it only cost you $499.88 to send.