-
I would prefer it went to sandwiches than servers. Although, if there is a way for my donations to be more efficient, that'd be good.
@Velocio - did you say that it's better to bundle them up to once a quarter rather than monthly?
-
did you say that it's better to bundle them up to once a quarter rather than monthly?
PayPal makes it better to have a higher donation less frequently... as they kick in a fixed fee + a %. the fixed fee is 30p, and then it's a % of transaction... hence when people do a 50p donation the % is deducted from 20p... it's pointless... when people do a £1 donation it's almost pointless but still appreciated... but it's best when it's £10 as then the total fees are a low % of the overall.
if you were donating £3 per month, it's better to just do £9 every 3 months, etc... as then the fees consume far less of it.
I think the % is 3%... I'd need to check that.
and once in a while someone will forget they have a donation and dispute it, and then the dispute fee typically wipes out someone else's donation too.
the huge benefit of lots of small transactions is resilience... in the early days we only had a few people donating a high amount, and 1 person stopping the donations would suddenly create a peril that month.
so lots of small is preferred... but not too small as too much goes to fees.
then occasionally people come along and do a one-off £50, £100, £200... and that offsets minor losses for a few months, and sometimes I'm lucky and I'm not out of pocket at all for a long stretch.
I agree with @BCarley
When I sell/make/do things and tell people to send money to @Velocio in return, that’s my gratuity.
This isn’t a charity, I feel no need to know whether the money goes on IaaS, SaaS, or sandwiches.