$6.25 * 97% =$6.06 - $.30 =$5.76 That's $.49 in processing fees and .49/6.25=0.0784 So 8% rather than 10%.
I assume donations other than monthly are more like $15 or $25 but maybe there are people who do $5 or $3 or even $1.
Add in chargebacks, etc. and 10% unfortunately seems reasonable.
I do wish there was a way to pay companies that was less expensive for them but very little friction on my end. Venmo business is 1.9% + $.10 and that's better than I was expecting but still higher than ideal. I've encountered that once. Zelle depends on the business's bank and I've never encountered it as an alternative to credit cards.
Not affiliated with Mozilla or Venmo or Zelle in any way.
$6.25 * 97% =$6.06 - $.30 =$5.76 That's $.49 in processing fees and .49/6.25=0.0784 So 8% rather than 10%.
I assume donations other than monthly are more like $15 or $25 but maybe there are people who do $5 or $3 or even $1.
Add in chargebacks, etc. and 10% unfortunately seems reasonable.
I do wish there was a way to pay companies that was less expensive for them but very little friction on my end. Venmo business is 1.9% + $.10 and that's better than I was expecting but still higher than ideal. I've encountered that once. Zelle depends on the business's bank and I've never encountered it as an alternative to credit cards.
Not affiliated with Mozilla or Venmo or Zelle in any way.