On Wed, Aug 03, 2016 at 03:55:42PM -0700, Aaron Wolf wrote:
> On 08/03/2016 03:48 PM, Stephen Michel wrote:
> > On Wed, Aug 3, 2016 at 6:46 PM, Aaron Wolf wrote:
> >> On 08/03/2016 03:29 PM, Stephen Michel wrote:
> >>>  What happens if someone wants to set their limit lower than the
> >>>  minimum credit card charge?
> >>>
> >> We would not allow such a low limit. The range of allowable
> >> limits will start high enough minimum to be sensible.
> > 
> > What is the current thinking on the minimum value? I've seen $2
> > and $5 thrown around.
> > 
> 
> There's no more clarity than that. I guess I'll go ahead and propose
> we start with $5 as minimum budget.

Related question:

What is the minimum sensible charge?

Stripe's front page advertises a fee of 2.9% + 30¢.

Crowdmatch    Fee    Total  Fee/Total   Fee/Crowdmatch
-------------------------------------------------------
     $0.10     30¢   $0.40      75.18%          302.90%
      0.20     31     0.51      60.46           152.90
      0.30     31     0.61      50.71           102.90
      0.50     31     0.81      38.61            62.90
      0.80     32     1.12      28.77            40.40
      1.30     34     1.64      20.62            25.98
      2.00     36     2.36      15.18            17.90
      2.10     36     2.46      14.67            17.19
      3.40     40     3.80      10.49            11.72
      5.50     46     5.96       7.71             8.35

Based on that table, I think $2.00 is the minimum sensible charge.

I suggest we specify it as a maximum fee percentage, however, to help
adapt to future fee differences. That being the case, I propose we
choose 15% as the maximum fee percentage (plus or minus some tenths of
a percent).

Attachment: signature.asc
Description: Digital signature

_______________________________________________
Discuss mailing list
Discuss@lists.snowdrift.coop
https://lists.snowdrift.coop/mailman/listinfo/discuss

Reply via email to