remove On Fri, Apr 11, 2014 at 2:20 PM, Ted Byers <r.ted.by...@gmail.com> wrote:
> On Fri, Apr 11, 2014 at 1:23 PM, Steve Marquess > <marqu...@opensslfoundation.com> wrote: > > On 04/11/2014 11:57 AM, Lou Picciano wrote: > >> Thanks, Steve, > >> > >> ... for your hard work, and that of the other Team Members. This week's > 'excitement' illustrates how important it us to all of us. > >> > >> (would be great to find a way around those 'hefty PayPal fees.) > > > > I'm open to suggestions. Not only is PayPal a pain to deal with on the > > receiving end, but there are restrictions on extracting funds and I've > > learned that PayPal is not available in some countries. > > > > Swift/IBAN electronic bank transfers as done in most of the world are > > difficult here, with fees. I could set up a charge card > > (Visa/Mastercard) merchant account, but the recurring fees for that > > would eat up much of what is typically received in donations (and I > > don't expect the current volume of donations to continue indefinitely). > > > > I am looking into the suggestions for Bitcoin payments. > > > > -Steve M. > > > > I am not familiar with Bitcoin, but work in the ecommerce industry > (particularly in the risk mitigation technology side of things at the > application and business logic level). There is a huge variation in > the fees charged by processing banks, both between banks and, for any > given bank, the risk the bank perceives to be inherent either in the > vendor's industry or inherent in the vendor itself. I have seen setup > fees as low as a few hundred US$, and higher than US$1,000. There is > similar variation in monthly fees. I can't recommend a processing > bank with low fees as I am normally working to provide support for > high risk merchants (so I normally see the higher end of the range of > fees). And, per transaction fees can vary from a few pennies per > transaction up to $0.50 or $0.60 per transaction. And on top of that, > they take a percentage of the volume (I have seen a range from less > than 5% to well over 10%). With an annual volume of about US$2,000, I > could see the monthly fees alone taking 50% to 60% of your gross. > With such low volume, I wonder if it is worth it, over just asking > supporters to send a check or money order. > > Have you checked out Google and Amazon's payment services? I have > heard they exist, but haven't checked them out for cost (I may do so, > and soon, as the Canadian bank's support for ecommerce leaves > everything to be desired: try finding any documentation for their API, > or even if they have such an API, for any of the big 5 in Canada). > > Cheers > > Ted > > Cheers > > Ted > > -- > R.E.(Ted) Byers, Ph.D.,Ed.D. > ______________________________________________________________________ > OpenSSL Project http://www.openssl.org > User Support Mailing List openssl-users@openssl.org > Automated List Manager majord...@openssl.org >
