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Index » Radio Paradise/General » About RP » [support] Transaction fee
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Coaxial

Coaxial Avatar

Location: 543 miles west of Paradis,1491 miles eas
Gender: Male


Posted: May 9, 2019 - 8:30am

 BillG wrote:


 ScottFromWyoming wrote:


 smoneck wrote:
Hi,
I want to support RP but have the following question: What is the most efficient way to send you money from Europe (or any other non-US or non-$ state)?

At least for PayPal, there is a min. transaction fee (additionally to the currency conversion fee etc.) that makes it unfeasible to arrange little monthly payments.
The credit card situation is unclear to me.

Maybe you could add an entry on the FAQ page ...
All the best!
Stephan
 
The transaction fee is 30¢ plus 2.9%, which is pretty typical but on the high side for most credit card transactions. RP might have negotiated a better rate, maybe 1.5% with their credit card service which would add up to real money on his end but there will still be a transaction fee as well, maybe 10¢, so figure a $10 payment would cost RP 59¢ via PayPal, vs 25¢ with a good credit card processor. So you could save RP 34¢ per payment if you used an actual credit card but there are a lot of "ifs" in this equation. 

I don't want to put RP's money where my mouth is, but if I were RP I'd say "do whatever is easiest for you" because it will cost a lot more if you worry too much and wind up not sending anything. ;-)

 

Thanks, Scott.  That's exactly what we'd say :-)

And your numbers are very close to correct. 

 
He's always the voice of reason.
BillG

BillG Avatar

Location: Left Coast
Gender: Male


Posted: May 9, 2019 - 8:08am



 ScottFromWyoming wrote:


 smoneck wrote:
Hi,


I want to support RP but have the following question: What is the most efficient way to send you money from Europe (or any other non-US or non-$ state)?

At least for PayPal, there is a min. transaction fee (additionally to the currency conversion fee etc.) that makes it unfeasible to arrange little monthly payments.
The credit card situation is unclear to me.

Maybe you could add an entry on the FAQ page ...



All the best!
Stephan
 
The transaction fee is 30¢ plus 2.9%, which is pretty typical but on the high side for most credit card transactions. RP might have negotiated a better rate, maybe 1.5% with their credit card service which would add up to real money on his end but there will still be a transaction fee as well, maybe 10¢, so figure a $10 payment would cost RP 59¢ via PayPal, vs 25¢ with a good credit card processor. So you could save RP 34¢ per payment if you used an actual credit card but there are a lot of "ifs" in this equation. 

I don't want to put RP's money where my mouth is, but if I were RP I'd say "do whatever is easiest for you" because it will cost a lot more if you worry too much and wind up not sending anything. ;-)

 

Thanks, Scott.  That's exactly what we'd say :-)

And your numbers are very close to correct. 
ScottFromWyoming

ScottFromWyoming Avatar

Location: Powell
Gender: Male


Posted: May 9, 2019 - 7:33am



 smoneck wrote:
Hi,


I want to support RP but have the following question: What is the most efficient way to send you money from Europe (or any other non-US or non-$ state)?

At least for PayPal, there is a min. transaction fee (additionally to the currency conversion fee etc.) that makes it unfeasible to arrange little monthly payments.
The credit card situation is unclear to me.

Maybe you could add an entry on the FAQ page ...



All the best!
Stephan
 
The transaction fee is 30¢ plus 2.9%, which is pretty typical but on the high side for most credit card transactions. RP might have negotiated a better rate, maybe 1.5% with their credit card service which would add up to real money on his end but there will still be a transaction fee as well, maybe 10¢, so figure a $10 payment would cost RP 59¢ via PayPal, vs 25¢ with a good credit card processor. So you could save RP 34¢ per payment if you used an actual credit card but there are a lot of "ifs" in this equation. 

I don't want to put RP's money where my mouth is, but if I were RP I'd say "do whatever is easiest for you" because it will cost a lot more if you worry too much and wind up not sending anything. ;-)

smoneck

smoneck Avatar



Posted: May 9, 2019 - 4:04am

Hi,


I want to support RP but have the following question: What is the most efficient way to send you money from Europe (or any other non-US or non-$ state)?

At least for PayPal, there is a min. transaction fee (additionally to the currency conversion fee etc.) that makes it unfeasible to arrange little monthly payments.
The credit card situation is unclear to me.

Maybe you could add an entry on the FAQ page ...


All the best!
Stephan