| | I noticed that to add funds from PayPal, it had to be at least $25. I think that it should be lowered to maybe $5 or even $1, so that if people on my website wanted to donate whatever they wanted, they could, and it could go right to me. |
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Wee the thing is I don't plan on getting many donations, so I probably wouldn't get enough money to pay for the hosting, just to drop in a little whenever somebody donates. to boost my account. What I'm going to do is have members donate to a paypal account, where the money will sit until I get $25, then I will drop it into my MyCENT.... read more.
The problem with that is there a fee (not that much but it adds up) for every transaction through paypal. A lot of companies have started to place a min amount.
Yeah, but the person who SENDS the money gets the fee. If I send you 10 bucks, I get charged $10.33 (as an example) and you get $10.
Uh, that actually depends on the payment system used.
Paypal, for example, doesn't charge the sender the fee, but instead charges the person who received. It would say something like Username - ??? - $10.00 Paypal Fees - ??? - $-0.49 Or whatever.
No. I know for a fact that if you send money, they get the full amount, and you get charged a fee.
Must be different ways to set it up then,lol.
Here's a copy/paste from mine, minus the names... CODE Date Type To/From Name/Email Status Details Action Gross Fee Net Amount
Sep. 7, 2008 Payment From (Name Removed) Completed Details $10.00 USD -$0.69 USD $9.31 USD Aug. 20, 2008 Payment From (Name Removed) Completed Details $10.00 USD -$0.69 USD $9.31 USD
From my experience paypal doesn't charge the sender. They just take a portion of the profits made by the receiver.
They take 0.20 + 2% or something like that. It's been a while since I've used paypal. I didn't really like using it in terms of making sales.
If I remember correctly the amount they take is 30 cents + 4.6%.
And it seems that they may have two choices, with the receiver being charged if the money is sent as a *payment*, and then if you set up *donations* you can have it set to where either the receiver *or* the sender is charged the fee. By default though it's the receiver.
I've used PayPal to send out money, receive money and things and I have never had to pay any kind of "fee". It depends what type of sending method you use. I use "Goods" and it never asks me to pay a little fee. If you want your forum members to donate, go to PayPal click "Merchant Services" then "Donations", or just click this link. You'll be redirected to the Donations page, you must click on the second Donations link yourself. There you can create your Donations thing.
 -Sky
Well it also depends on if you are using a normal account or merchant.
Normal incurs no fee at all but cannot accept credit card payments. Marchant can take credit cards but *every* payment has a fee. Latest Entries
Wee the thing is I don't plan on getting many donations, so I probably wouldn't get enough money to pay for the hosting, just to drop in a little whenever somebody donates. to boost my account. What I'm going to do is have members donate to a paypal account, where the money will sit until I get $25, then I will drop it into my MyCENT.
Well here is the thing if your using the transfer to add money to your account for myCent's then you might as well just buy hosting through computer hosting. Although I never said anything in house about people buying hosting credits and now myCent's but if you can afford to drop cash for something you can easily get for free you might as well pay for the hosting and now that the $25 is minimum $10 more dollars could get you one of the freedom packages for the year, can't remember which though.
Don't get me wrong, I know why it was set up but if your dropping a lot of money because you can't post then your wasting money, especially if your dropping $1000. Now a interesting thing about that rvalkass made a interesting calculation and told me that if maxed out the logic plan would cost $920 a year so yeah only then would need to transfer $1000 in your account to pay that off  .
Yes, as I am using a merchant account now, I'm charged a small fee every time money is sent to my account. I don't believe I've ever been charged when I've paid money to someone else using paypal though. I'm not positive on this though, but I'm kind of thinking that I've only been charged when money goes into my account. I think I'm also charged a bit when I move the money from paypal into my bank account too.
I know before I changed my account from regular to merchant that I didn't used to get charged anything, but there was limitations placed on my account. Edit: I was also thinking that if you wanted to just add an extra dollar to your xisto account, then it shouldn't be all that hard. Just come over here and make some quality posts and you'll have that dollar added to your account in no time. Plus, you won't have to pay a cent for it As for having people send you a dollar for donations, that must be possible somehow for your own site, because I've had people donate smaller amounts to mine on occasion.
Sorry for the bump.
As for the issue, what I can just do is set up a paypal account, and have the donations go there, and when I get $25, I will send it to my myCENT account.
willielwgg, I understand your enthusiasm but please no bumping
 We're are currently discussing the minimum "deposit" using PayPal and why a minimum should be set. Due to the operating cost and merchant fees, if adding funds balance is left up to the donating person it would make undesirable diversion of resources. That is, imagine $1 here and $2 there... for each transaction there will be someone double checking the transaction. Setting a minimum donating amount could limit the "paper work" process. And the overall minimum of $25 was the default choice since it was a nice roundup number. But this is also in discussion, as you suggested, perhaps $15 or $10 is also a nice roundup number. I will give you more update shortly. UPDATE The official answer is that the current minimum is easier to maintain the accounting by Xisto Support staff. Currently there's no plan on revising this minimum deposit amount.
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 Something That I Think Should Be Changed |