make minimum charge explicit

[chadwhitacre]

Add a knob to the credit card form to select the minimum charge, $1, $10, $50. This would solve two problems:

• hopefully remove some surprise around "Why was I charged $10 when I'm only tipping $0.25?"
• help out people with non-U.S. credit cards, who get hit with int'l fees above and beyond Balanced's fees

[hansfn]

This is an excellent idea. Currently I'm only supporting one project with $4 dollars each week. This means that I get charged $10 every second week, and that I pay 5.9% in fees. (That is too much.) If the minimum charge was $20, the fee would become 4.4%. If the minimum was $30, the fee would be 3.9% and so on. (Based on the current 30¢ + 2.9% fee model.)

As you see from my comment, I think it would be nice with more options than $1, $10, $50 because it really depends on the amount you give away,.

[chadwhitacre]

@hansfn Ouch! :-( The extra fee comes from your bank, I take it?

[hansfn]

Hm, I guess I was unclear. I'm not discussing an extra fee, but the fee described on https://www.gittip.com/about/ I just want to minimize the actual fee that you charge me.

I realize that a better way to minimize the fee is to spend more money every week ;-) If I use $100 instead of $4, the fee will be close to the minimum 2,9%. So this change is really only useful for cheap people like me...

[chadwhitacre]

@hansfn Ah, right, sorry. I see what you're saying now.

Additional options for minimizing fees would include:

• pre-paying arbitrary amounts (Add funds at any time #113)
• ACH debits (payin via ACH debit #777)
• renegotiating our rate w/ Balanced once we're at scale
• Dwolla (payin with dwolla #65)

[chadwhitacre]

+1 from @killtheliterate via [email protected].

[Changaco]

Closing in favor of #1063.