Accept donations on your site instantly
open.tilt.com
open.tilt.com
I'm pretty sure 2.9% + $0.30 is standard.
The interchange pricing plus fee is just that isn't it, a fee plus the interchange fee? Comparing a partial fee to a full fee doesn't seem fair, or I'm missing something.
So yes, 2.9% + 30c is pretty standard. Don't really know of any exception (apart from native digital currencies. Bitpay does Saas payment processing at 0% fees for example).
The fees are not standard, they are more than DOUBLE what PayPal charge registered non-profits.
https://www.paypal.com/uk/charity/
I run a UK CASC (Community Amateur Sports Club) which is registered as a non-profit with HMRC and whose articles of association with Companies House require us to be structured in such a way that we are a non-profit (obligations to invest all profits in the promotion of sport).
Even as this type of entity we are eligible and receive the PayPal charity rates.
The donations by Tilt may work for groups that are not actually legal non-profit entities, but for any group that is a non-profit the fees are excessively high.
The reality is, our donations and contributions are usually fairly predictable. So we work to maximise how much we get from that revenue, by choosing the lowest fees and claiming back Gift Aid (CASCs can do this).
PayPal works really well for us, and with the fees being half what competitors offer I'm not even looking to change.
There is no real standard fee for non-profits, it varies between the normal fee, a discount fee (as you have) or no fee at all.
Nope. With Authorize.net resellers, you can either pay a variable percentage (as low as 1.9% on qualified cards or 2.9% on unqualified cards, determined arbitrarily) OR $0.30 + 0.10% if you elect for Interchange Pricing Plus when you set up your Authorize.net account.
My previous employer had me spend several hours of development time in contact with our reseller to save cents on each transaction. I don't know if it was worth it.
About the qualified cards, what does that mean and how can that be arbitrary? Thanks!
Most orders were in excess of $100.
$100 * 0.10% + $0.30 = $0.40
$100 * 2.90% = $2.90
The trick is, if you don't know to ask for IPP, you get the 2.9% (but some orders will be as low as 1.9%) rate. If you do ask, you can opt for $0.30 + 0.10%.
http://www.cardfellow.com/blog/interchange-plus-pricing/
http://www.interchangeplussolutions.com/interchange/intercha...
I don't know what sort of behind-the-curtain negotiation it required to get the rates he got, but whether or not it saves you $ depends on your average transaction and expected sales volume.
Using my numbers, if your transactions are normally below $11, you'll probably benefit more from the standard three tier.
I'm sure you probably can't give much detail on your risk management and fraud detection measures, but has the donation fraud problem been more or less solved?
The by-product of our current efforts is that we're able to include it into each product we release -- shoot me an email if you'd like to intro us to your contacts at those non-profits. james @ tilt is my email.
In other words, it's an entirely different system of payments. No clue what type of fraud you're referring to, but the fraud explained in the post you replied to does not apply to bitcoin.
If due to lack of punctuation you mean something different, i.e. that CC fraud is so rampant that everyone is switching to bitcoin donations and that they've been popping up everywhere because of that, I doubt that that's been the key driving factor, although it surely is part of the equation.
In any case I don't really know what you meant to say :-/
* Lock the body when you open the modal by setting overflow: hidden. That will prevent people from scrolling around accidentally while filling out the form.
* This is related to the first point, but you should probably position: fixed the modal
* Make the label for the monthly donation clickable - people shouldn't have to find the little check box!
* Lighten the .iframe-subheader-text as it can be pretty low contrast when the background is white
* Add some subtle animations to the open and closing of the modal. It feels very jarring right now.
Position fixed? What about when the modal content is longer than than the scroll area?
There are animations for me on mobile. :)
I totally agree that adding some text to the effect of "you may cancel at any time" would be perfect -- we'll get that in there!
Are there any plans to accept donations via ACH in the future?
Tilt.com is still where we spend about 90% of our resources, but our suite of enterprise tools for professional crowdfunding and fundraising (open.tilt.com) has been a big area of growth since we started launching the tools this year -- and additional payment methods have been a frequent request on all products there.
(I have scrolled a bit with my mouse wheel to reach that state)
What about that 2.9%+$0.30 fee?
If you look at the Humble Bundle for example, Linux users consistently outdonate windows users in voluntary transactions every single time. Bitcoin is a bit like that, too, both because of the type of crowd and because people are eager to spend and use bitcoin and to support charitable organisations that participate in the bitcoin ecosystem.
Lastly, it's an interesting angle because payment processing costs 0% for charities, yet the payout is in dollars, euros or a bunch of other currencies including bitcoin (just like for any other business btw if you use Bitpay)
It very much seems like charity is one of bitcoin's biggest usecases at the moment. Not saying it's the best thing ever, but we shouldn't discount it as there being no interest and no charitable bitcoin users.
But that's not really the question; the question is if there are enough to justify the development effort and, especially, to justify prioritizing that over other options like PayPal.
Regardless, the point is fair. You could probably raise a few dollars by selling hugs in the streets, doesn't mean it's the best way to spend your time. Whether bitcoin is, it's hard to say. It's definitely small and nascent, no doubt about that, but it also means its users are more eager, more engaged, on average. As in, if you take a million average bitcoin users and a million non-bitcoin users, the former I believe will raise a ton more money. But given there are only a few million, it's inevitably going to be small in absolute terms. In any case I was just replying to someone saying non-profits have near-zero interest and I disagreed.
Except if the company is applying at PayPal and is large enough (e.g. Twitch; German users can indeed subscribe to channels), because PayPal is basically granting the account owner (company) the right to just deduct money from the donator. And for this they need to trust the company.
Source: We called PayPal support last friday because we tried to make RPs work with German customers in one of our projects, but had to cancel that plan because we are not a large enough company (i.e. we didn't even apply for this kind-of secret treatment).
Truth is: in Germany the prefered way for paying on the internet is Lastschrift (direct debit). Paying with credit card is not very popular and credit cards aren't that common in Germany.
To put it harshly in other words: the statement on the website above is simply fraudulent. I can't pay with my EC card by direct debit.
http://www.thehindu.com/business/Industry/twostep-authentica...
It may be more than 2 lines of code but I don't really care anyway since I'm just cutting & pasting it from PayPal's site...
> Currently, if you want to collect funds from a tilt, you need to have a valid US or Canadian bank account.
It turns out that accepting payments vs accepting donations for a cause, charity, political campaign, personal project, etc actually ends up having a different set of needs. And with online giving growing at the rate we see it to growing, a simple / powerful way for any site to collect donations, optimized for conversion on any device, with two lines of code is something we think our customers will find useful.
TL;DR; It would be good to make it more clear to the end user what's new about this. Perhaps a better title for this HN post is "Accept donations on your site without writing code". The word "instantly" obviously never can be true and seems like overhype.