Based on [1], it seems like 8% of your donation goes to Indiegogo and processing fees. Is that right or am I misunderstanding?
Based on [1], it seems like 8% of your donation goes to Indiegogo and processing fees. Is that right or am I misunderstanding?
Sure, the baker -- or OpenCV -- would be happier if they got a bigger slice of the pie, but that's just the cost of doing business.
Yes, I think to me it does. How much of my money is “wasted” (which we all might define differently) does matter to me.
There’s also a factor of what I receive from it. In your bread analogy, there is an exchange of money for a good (bread) received. In a donation, like with OpenCV, there is no guarantee of a good received, so I care more about how my dollars are “spent” getting to the recipient. I (and many others) look at the filings of charity to understand how much goes to administrative overhead, for the same reason.
> When I pay for bread with my credit card, a large portion of the price of the bread goes to the credit card company and the payment processor.
Unless you are buying a single slice of bread, a large portion does not go to the credit card company. About 3% does, 5% lower than IGG fees, just like with IGG. A lot of food places around me offer a 3-5% discount for using cash and I generally choose that option if I have cash on me. People have long cared about what “middleman” is scraping money of the top of their spend.
Where is your cutoff for percent taken by the processor?
And when you donate you can set the "tip" to 0% so all your donation goes to the org.
The tip seems to be something entirely separate, which is _additional_ money, on top of your donation, that only goes to IGG, based on another [2] article.
You probably have more experience here though. Your work is great and I always appreciate your posts.
1. https://support.indiegogo.com/hc/en-us/articles/204456408-Fe...
2. https://computerengineeringforbabies.com/blogs/news/why-i-ha...
A tip is for a service rendered. Not for being a mendicant middleman.