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Done a couple of one of donations, and now happy to set up a regular donation. What's the minimum regular donation that makes it worthwhile? I recollect if it's too small the donation all gets eaten up in fees.
Fees and amounts received:
- £1 donation = 23p in fees, 77p received = 23% in fees
- £2 donation = 27p in fees, £1.73 received = 13.5% in fees
- £3 donation = 30p in fees, £2.70 received = 10% in fees
- £5 donation = 37p in fees, £4.63 received = 7.4% in fees
- £10 donation = 54p in fees, £9.46 received = 5.4% in fees
Basically fees as a % of donation go down as the donation amount goes up.
I personally think that 10% in fees is the maximum acceptable, so £3 is the lowest I'd recommend.
But... some people do have £1 donations each month, and there are a lot of donors of below £3... by itself this isn't particularly efficient, but it does add up, there are a lot of them.
Ultimately every bit contributes, it's just a personal decision for you as to how much you're willing to give to PayPal rather than towards the forum costs.
- £1 donation = 23p in fees, 77p received = 23% in fees
Velocio
@CheeseWheel
Done a couple of one of donations, and now happy to set up a regular donation. What's the minimum regular donation that makes it worthwhile? I recollect if it's too small the donation all gets eaten up in fees.