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 >>> 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. >
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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