Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-11 Thread Bryan Richter
On Sat, Oct 08, 2016 at 12:58:00PM -0400, Patrick 'P. J.' McDermott wrote: > If you want the amount a project receives to be exactly equal to the > amount a patron intends to donate, here's the math to determine the > extra fee to add. > > Remember that Stripe's fee is 2.9% + $0.30, and begin with

Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-10 Thread Aaron Wolf
On 10/10/2016 11:29 AM, Michael Siepmann wrote: > On 10/10/2016 08:44 AM, Aaron Wolf wrote: > >> On 10/08/2016 09:58 AM, Patrick 'P. J.' McDermott wrote: >>> If I may, I'm going to just jump in here with a mathematical solution >>> and a legal concern. >>> >>> On 2016-10-07 at 16:20, Aaron Wolf

Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-10 Thread Michael Siepmann
On 10/10/2016 08:44 AM, Aaron Wolf wrote: > On 10/08/2016 09:58 AM, Patrick 'P. J.' McDermott wrote: >> If I may, I'm going to just jump in here with a mathematical solution >> and a legal concern. >> >> On 2016-10-07 at 16:20, Aaron Wolf wrote: >> [...] >>> If I understand right, you're just po

Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-10 Thread Aaron Wolf
On 10/08/2016 09:58 AM, Patrick 'P. J.' McDermott wrote: > If I may, I'm going to just jump in here with a mathematical solution > and a legal concern. > > On 2016-10-07 at 16:20, Aaron Wolf wrote: > [...] >> >> If I understand right, you're just pointing out that the fee we would >> need to charg

Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-08 Thread Patrick 'P. J.' McDermott
If I may, I'm going to just jump in here with a mathematical solution and a legal concern. On 2016-10-07 at 16:20, Aaron Wolf wrote: [...] > > If I understand right, you're just pointing out that the fee we would > need to charge increases by 3% **of the fee**, not doubling the 3% fee > to becomi

Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-07 Thread Stephen Michel
On Fri, Oct 7, 2016 at 12:44 AM, Bryan Richter wrote: On Thu, Oct 06, 2016 at 06:46:10PM -0700, Aaron Wolf wrote: First, the premise: As a financial system trying to get people focused on how public goods actually work and are actually funded, we don't want fees hidden and absorbed. W

Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-07 Thread Aaron Wolf
On 10/06/2016 09:44 PM, Bryan Richter wrote: > On Thu, Oct 06, 2016 at 06:46:10PM -0700, Aaron Wolf wrote: >> >> First, the premise: As a financial system trying to get people focused >> on how public goods actually work and are actually funded, we don't >> want fees hidden and absorbed. We want pe

Re: [Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-06 Thread Bryan Richter
On Thu, Oct 06, 2016 at 06:46:10PM -0700, Aaron Wolf wrote: > > First, the premise: As a financial system trying to get people focused > on how public goods actually work and are actually funded, we don't > want fees hidden and absorbed. We want people to see and experience > the costs of the tools

[Snowdrift-discuss] How to manage fees for first real-money operations

2016-10-06 Thread Aaron Wolf
So, I understand that in the long-term there may be issues with how to pass on fees. I'm not sure about those details, so this is about how to do it initially. First, the premise: As a financial system trying to get people focused on how public goods actually work and are actually funded, we don't