It is currently 18 Sep 2021, 04:00




 Page 1 of 1 [ 9 posts ] 
Author Message
 Post subject: Most efficient way to donate to LDDB?
PostPosted: 13 Dec 2020, 01:25 
Advanced fan
Advanced fan
User avatar

Joined: 21 Sep 2011, 15:15
Posts: 705
Location: NH, United States
Has thanked: 3 times
Been thanked: 19 times
I try to donate a little every year to LDDB to show my support of the community and Julien. However, it seems like paypal has been getting bothersome with its fees. I think last year it wanted to take close to a 30% cut of the donated amount. This year I wanted to give $10 and it either wants a $1 (10%) fee if sending it as a friend or no fee if billed as a purchase. However, I don't know what percentage will be taken on the LDDB side if it is done this way? I'm in the US. I also don't have bitcoin and the most popular online payment method in the US is paypal.

So my questions is, what truly is the best way for people from the US to donate (presuming that is the country where the highest number of users preside? Thanks.

Also, if there is a clear answer, perhaps the donate page could be updated with the ideal paypal payment instructions (it is rather out of date and the screenshots no longer match the current paypal interface)?

And thank you for all your time and effort, Julien!
_________________
My Home Theater Gallery
Laserdisc Collection Storage
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 14 Dec 2020, 11:09 
Site Admin
Site Admin
User avatar

Joined: 07 Aug 2002, 23:37
Posts: 3353
Location: Tokyo
Has thanked: 153 times
Been thanked: 577 times
Hello!

Unless you're using a Canada PayPal account (for which the friends/family fees should still be 0), they will charge a lot.

Easiest is still to send a donation directly to 'support -at- lddb -dot- com'.

PayPal charges from 3.7% to 3.9% (+$0.30). I could never find out why sometimes it's 3.7% and some other times 3.9%.
I always remove the PayPal fees from the total donations graphs to calculate the real net amount.

Julien
_________________
LDDb on Facebook
HLD-X0/X9 DHS-8.8 OPPO 105/205 SL-1200G
LDD-1 LG-1 MSC-4000 Radiance2144 P7 MC257
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 14 Dec 2020, 17:57 
Advanced fan
Advanced fan
User avatar

Joined: 21 Sep 2011, 15:15
Posts: 705
Location: NH, United States
Has thanked: 3 times
Been thanked: 19 times
So I should send it as a goods payment to get the 3.X% + $0.30 vs a family/friend transfer which seems to charge a flat $0.99 fee (for a $10 gift)?
_________________
My Home Theater Gallery
Laserdisc Collection Storage
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 15 Dec 2020, 11:12 
Site Admin
Site Admin
User avatar

Joined: 07 Aug 2002, 23:37
Posts: 3353
Location: Tokyo
Has thanked: 153 times
Been thanked: 577 times
invenio wrote:
So I should send it as a goods payment to get the 3.X% + $0.30 vs a family/friend transfer which seems to charge a flat $0.99 fee (for a $10 gift)?


That would be $0.69 as good vs. $0.99 for F&F.

Last time I checked it was $2.99 for F&F, they changed that recently?
It might be the Paypal fees for F&F from USA to Canada.

Julien
_________________
LDDb on Facebook
HLD-X0/X9 DHS-8.8 OPPO 105/205 SL-1200G
LDD-1 LG-1 MSC-4000 Radiance2144 P7 MC257
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 15 Dec 2020, 14:13 
Advanced fan
Advanced fan
User avatar

Joined: 21 Sep 2011, 15:15
Posts: 705
Location: NH, United States
Has thanked: 3 times
Been thanked: 19 times
Currently, if I want to send $10 and put in this amount with your contact it says this:

For Goods/services: $10
For Friend/Family: $10 + $0.99 (paypal fee) = $10.99

So sending via friend/family puts on a 99 cent fee on my end but I presume you will get the full $10. For goods and services it only charges me $10 but I presume that there will be a fee on your end. I suppose my question is which side is the fee higher as that would be the most efficient way to send the funds (I presume most people would want paypal to get the smallest cut of the transaction)?
_________________
My Home Theater Gallery
Laserdisc Collection Storage
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 15 Dec 2020, 16:32 
Jedi Master
Jedi Master
User avatar

Joined: 03 May 2004, 19:05
Posts: 7376
Location: Dullaware
Has thanked: 798 times
Been thanked: 551 times
For paypal I think its the same, one side will be paying that 99 cents.

There are other sites but I don't use them, and don't know fees.
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 15 Dec 2020, 18:12 
Advanced fan
Advanced fan
User avatar

Joined: 21 Sep 2011, 15:15
Posts: 705
Location: NH, United States
Has thanked: 3 times
Been thanked: 19 times
I don't think the fee structure is the same for goods vs friends money transfers. What complicates matters in this case is the foreign transaction. If it was domestic (within the US), there would be zero fees with a family/friends transfer.
_________________
My Home Theater Gallery
Laserdisc Collection Storage
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 15 Dec 2020, 18:14 
Jedi Master
Jedi Master
User avatar

Joined: 03 May 2004, 19:05
Posts: 7376
Location: Dullaware
Has thanked: 798 times
Been thanked: 551 times
? I thought I tried to send some family money a few weeks ago and paypal was going to charge me the 2.%
Paypal has changed a lot in the last few years and its hard to keep up with what they do.
Offline
 Profile  
 
 Post subject: Re: Most efficient way to donate to LDDB?
PostPosted: 15 Dec 2020, 18:15 
Advanced fan
Advanced fan
User avatar

Joined: 21 Sep 2011, 15:15
Posts: 705
Location: NH, United States
Has thanked: 3 times
Been thanked: 19 times
No charge for paypal (presuming it's transferred from bank account and not a credit card) to family and friends within the US. I do this twice a month with family members for shared bills.
_________________
My Home Theater Gallery
Laserdisc Collection Storage
Offline
 Profile  
 
Display posts from previous:  Sort by  
 Page 1 of 1 [ 9 posts ] 


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to: