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Typical credit card fees are 2.9% + 30c. Assuming that they have regular fees at not non-profit rates(which tend to be lower), it would make their average donat
by anebg 12y ago
Typical credit card fees are 2.9% + 30c. Assuming that they have regular fees at not non-profit rates(which tend to be lower), it would make their average donation amount to be around $7.14
Source: 48995/689239 = (x*.029+.30)/x
- TheSilentMan 12y agoWith that many transactions they should be able to negotiate a lower fee than that. My company did a bit over 4 million in CC transactions last year and our rate is 1.9% and I believe the flat rate per transaction is 25 cents.
- daveloyall 12y agoThat's in the ballpark for monthly membership fees. ~$10/month.