Paypal Calculation

Anyone creating events that require collection of money via Paypal, please uncheck the "add fees" box when creating the ticket and instead manually calculate the price with this formula - use a calculator, Excel, or pen and paper:

Price = (Amount Due + 0.3)/0.978

Use the resulting Price as the ticket price (leaving the "add fees" box unchecked).

For small amounts (like $20) it doesn't make much difference (pennies), but it adds up quickly when in the hundreds of $.  The default "add fees" option overcollects because Groupspaces does not know how to deal with our lower non-profit fee rate structure.

Last modified: May 13th, 2013 at 18:54

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