Comment Comment by david_allison Unsure whether they're using a different fee model for the "Fund" payments. But they're open about the fees for payments from individuals (each transaction on a collective's page shows the fee breakdown).> Open Collective takes 10% + credit card fees (usually 3% + $0.30/transaction) [0]A few concrete examples (dependent upon payment processor chosen)For $1, a collective got ~$0.56For $100, a collective got ~$86.60I was getting very close to the inter-bank exchange rate for payouts.[0] https://medium.com/open-collective/what-is-open-collective-h.... parent david_allison 5 years ago
> Open Collective takes 10% + credit card fees (usually 3% + $0.30/transaction) [0]
A few concrete examples (dependent upon payment processor chosen)
For $1, a collective got ~$0.56
For $100, a collective got ~$86.60
I was getting very close to the inter-bank exchange rate for payouts.
[0] https://medium.com/open-collective/what-is-open-collective-h....