Re: [Snowdrift-discuss] How the limit works

```On 08/09/2016 06:31 AM, Stephen Michel wrote:
>
>
> On August 9, 2016 8:59:16 AM EDT, Bryan Richter <br...@snowdrift.coop> wrote:
>> 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
>>
>> 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).
>
> A % fee max, rounded to the nearest pretty dollar amount, seems like the way
> to go to me. 15% / \$2 seems reasonable to me.
> ```
```
I agree that 15% fee is the maximum fee, seems sensible enough, and that
makes it processor-neutral. I don't agree with Stephen's idea of
rounding to nearest dollar, that's far too low resolution. I think just
rounding to nearest cent is fine.

```

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