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Not sure that VISA or MasterCard are going to roll over on their fees for Facebook.
by rapind 4y ago
Not sure that VISA or MasterCard are going to roll over on their fees for Facebook.
- ceejayoz 4y agoBoth have lower interchange rates specific to charities; it's highly likely Facebook can flag the charitable donation transactions as such.
- bombcar 4y agoI doubt they bother, they probably just pay whatever low fees they negotiate and then count the fees they have to pay for the charitable ones out of their slush fund and count it as an expense. It's not like they aren't getting income in other areas. The marketplaces that are entirely charitable stuff have to charge or source (they often have a checkbox you can use to "donate" to cover the fees, so you give $10.30 instead of $10 so the charity gets $10).