$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.
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.
I believe they use stripe and this would also include:
- subscription billing fee (up to 0.7%)
- currency exchange fees
- chargeback fees
- processing fees on refunded transactions
Although it could be higher if a lot of donations are small, and hitting the minimum transaction fees. The average could also be brought up if donations are made through the play or apple app stores, which have much higher takes.