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opencollective / opencollective

We're tracking all our Issues, RFCs and a few other documents in this repository.
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Improve payment processor fees formulas #3821

Open Betree opened 3 years ago

Betree commented 3 years ago

In the contribution flow, we now show the "estimated fees" for Stripe and PayPal.

The fees that we show should be accurate in most cases, but there are a lot of things that we don't consider when estimating this fee (mostly because it's almost impossible to predict, see PayPal).

There are however things we can improve, for example we don't take into account the fact that OCF having a non-profit status lowers the fees charged by Stripe. We should review the code in lib/fees.js, and see how to make it match better the fees charged by Stripe & PayPal.

stale[bot] commented 3 years ago

This issue has been automatically marked as stale because it has not had recent activity. We haven't had the time to address it yet, but we want to keep it open. This message is just a reminder for us to help triage issues.

Betree commented 2 years ago

From https://opencollective.slack.com/archives/G46PNRCGP/p1644922544294519:

Stripe is charging 1% more for “international cards”

image

One more parameter to consider.