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That probably means they receive a lot of small donations. Payment processors often have a fee structure that's 2.9% + <flat fee around $0.30>. So any donatio
by mywittyname 7mo ago
That probably means they receive a lot of small donations. Payment processors often have a fee structure that's 2.9% + <flat fee around $0.30>. So any donation below ~$4.50 would end up having a >=10% processing fee.
There could be currency exchange rates that are factored in at the donation end as well.
I agree that 10% is high, but it's still explainable.
- LamaOfRuin 7mo agoYeah, and those amounts are much more common when organizations are pushing for users to make their donation a monthly recurring donation resulting in much smaller transactions. I believe they use stripe and this would also include: - subscription billing fee (up to 0.7%) - currency exchange fees - chargeback fees - processing fees on refunded transactions