On Fri, Apr 11, 2014 at 1:23 PM, Steve Marquess <marqu...@opensslfoundation.com> wrote: > On 04/11/2014 11:57 AM, Lou Picciano wrote: >> Thanks, Steve, >> >> ... for your hard work, and that of the other Team Members. This week's >> 'excitement' illustrates how important it us to all of us. >> >> (would be great to find a way around those 'hefty PayPal fees.) > > I'm open to suggestions. Not only is PayPal a pain to deal with on the > receiving end, but there are restrictions on extracting funds and I've > learned that PayPal is not available in some countries. > > Swift/IBAN electronic bank transfers as done in most of the world are > difficult here, with fees. I could set up a charge card > (Visa/Mastercard) merchant account, but the recurring fees for that > would eat up much of what is typically received in donations (and I > don't expect the current volume of donations to continue indefinitely). > > I am looking into the suggestions for Bitcoin payments. > > -Steve M. >
I am not familiar with Bitcoin, but work in the ecommerce industry (particularly in the risk mitigation technology side of things at the application and business logic level). There is a huge variation in the fees charged by processing banks, both between banks and, for any given bank, the risk the bank perceives to be inherent either in the vendor's industry or inherent in the vendor itself. I have seen setup fees as low as a few hundred US$, and higher than US$1,000. There is similar variation in monthly fees. I can't recommend a processing bank with low fees as I am normally working to provide support for high risk merchants (so I normally see the higher end of the range of fees). And, per transaction fees can vary from a few pennies per transaction up to $0.50 or $0.60 per transaction. And on top of that, they take a percentage of the volume (I have seen a range from less than 5% to well over 10%). With an annual volume of about US$2,000, I could see the monthly fees alone taking 50% to 60% of your gross. With such low volume, I wonder if it is worth it, over just asking supporters to send a check or money order. Have you checked out Google and Amazon's payment services? I have heard they exist, but haven't checked them out for cost (I may do so, and soon, as the Canadian bank's support for ecommerce leaves everything to be desired: try finding any documentation for their API, or even if they have such an API, for any of the big 5 in Canada). Cheers Ted Cheers Ted -- R.E.(Ted) Byers, Ph.D.,Ed.D. ______________________________________________________________________ OpenSSL Project http://www.openssl.org User Support Mailing List openssl-users@openssl.org Automated List Manager majord...@openssl.org
