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 >> 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).
A % fee max, rounded to the nearest pretty dollar amount, seems like the way to go to me. 15% / $2 seems reasonable to me. -- Sent from my phone; please excuse my brevity. Email policy: http://smichel.me/email _______________________________________________ Discuss mailing list Discuss@lists.snowdrift.coop https://lists.snowdrift.coop/mailman/listinfo/discuss
