Okay, so initially I thought this was how streamtip worked, but now I’m a little unsure, and if it’s not, I think you may wish to consider an option to work like this.
Since you are billed at the end of the month, I was thinking that streamtip would hang on to your donations until the end of the month, after which time it would take its fee from that amount before processing a single paypal transaction which is the culmination of all of your donations for the month. Throwing on a “process now” option would be a good idea too (though to do this you would be charged the maximum fee for the month, ie 2%).
My thinking with this is that, by processing all of the month’s donations in 1 single transaction you drastically cut paypal fees. For instance, let’s assume paypal charges 2.9%+30cents. If you were to receive 50 donations in a month with an average donation of $5, then at the end of the month you would receive $250 in donations. Subtract streamtip’s 2% fee of $5, it then processes a single transaction of $245 to paypal. Paypal subtracts its fee of $7.40, and you net a total of $237.60.
On the other hand, if you simply use paypal (without steamtip and their 2% fee), you would have 50 transactions with an average donation of $5. On each transaction you would be charged 30 cents +2.9%, which averages 45 cents/transaction, for a grand total of $22.50 in fees, meaning of the $250 donated to you, you would net, $227.50.
I’m not sure if there are obstacles to doing this, but this is the type of service I thought I was getting with streamtip, and really a type of service I would like. I would be much happier with a monthly paycheque than a hundred micro transactions daily, and I think by including this service you would cater to a wider audience, and have much fewer people complaining about fees.
Can I get some input on this please?