Subject:
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Re: Amazon honor system
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Newsgroups:
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lugnet.admin.finance
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Date:
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Mon, 20 May 2002 13:18:24 GMT
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Viewed:
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1994 times
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In lugnet.admin.finance, Larry Pieniazek writes:
> In lugnet.admin.finance, Suzanne D. Rich writes:
> > In lugnet.admin.finance, Cary Clark writes:
> > > I don't know if this has already been suggested, but LUGNET could
> > > choose to more aggressively solicit donations easily and inexpensively
> > > using Amazon.com's "Honor System" program. • ...
> I thought they take a pretty significant fee out, to where if someone gives
> you a buck you don't end up with much at all... (?? could be misremembering)
> Thus making Paypal better from a net receipt perspective.
...
Larry's right, the fee is pretty steep for a dollar donation. However, for a
dollar donation, Amazon is better than PayPal.
Here's Amazon's Honor System fee schedule:
https://s1.amazon.com/exec/varzea/subst/fx/help/payee-faq.html/103-9755630-0115057#honor-system-fees
Amazon's cut is 15% plus $0.15, so Suz et. al. would get $0.70 out of $1.00,
$1.55 out of $2.00, and so on.
Here's PayPal's fee schedule:
http://www.paypal.com/cgi-bin/webscr?cmd=p/gen/fees-receiving-outside
Paypal's worst fee is 2.9% plus $0.30, so $1.00 would yield $0.67. However,
the two buck donation is a better deal, yielding $1.66.
One advantage to Amazon is that one-click deal. If it's turned on, it could
make donating impulsively easy.
Cary
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Message has 1 Reply:
 | | Re: Amazon honor system
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| (...) I just tried making some PayPal donate buttons, and it was darn easy. No HTML was required, so I can put them in sidebars. see: (URL) thinking about what I could make for a custom button... and whether or not I'd splam it on the whole site... (...) (23 years ago, 20-May-02, to lugnet.admin.finance)
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Message is in Reply To:
| | Re: Amazon honor system
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| (...) I thought they take a pretty significant fee out, to where if someone gives you a buck you don't end up with much at all... (?? could be misremembering) Thus making Paypal better from a net receipt perspective. (23 years ago, 20-May-02, to lugnet.admin.finance)
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