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Credit card fees are in the range of 2-3%, so that's potentially more than half leaving the bank from the start (or rather going to the bank :P). Not sure if K
by omarchowdhury 14y ago
Credit card fees are in the range of 2-3%, so that's potentially more than half leaving the bank from the start (or rather going to the bank :P).
Not sure if Kickstarter is charging extra to cover those fees, it's certainly against Visa/MC rules to do so.
- arikrak 14y agoThe 5% is separate from the payement fees, so the total is around 8%. "Kickstarter collects a 5% fee from the project’s funding total if and only if a project is successfully funded. Amazon (our payments processor) also charges credit card processing fees that generally work out to 3-5%. "