| ▲ | roysting 2 hours ago | |
It is not my domain, but I was quite surprised at the 10% processing fee expense. That’s ~$1M at their ~$10 income. Isn’t that quite a bit high? Or am I looking at something incorrectly. Maybe someone has some suggestions for them on how to lower that amount. | ||
| ▲ | mywittyname 34 minutes ago | parent | next [-] | |
That probably means they receive a lot of small donations. Payment processors often have a fee structure that's 2.9% + <flat fee around $0.30>. So any donation below ~$4.50 would end up having a >=10% processing fee. There could be currency exchange rates that are factored in at the donation end as well. I agree that 10% is high, but it's still explainable. | ||
| ▲ | multiplegeorges an hour ago | parent | prev [-] | |
That is very high. Not sure who they are using for processing, but I know Stripe will give registered charities a (very small) cut on their fees, I'm not sure about non-profits. But even with market rates, the average fees through Stripe would be well below 10%, IME. | ||