Jun 08, 2021 at 12:48 pm

Accounting for the funds

Update posted by Akash Goud

To account for the funds, here is the break-up:

  • Total amount collected: SGD 5,114.00 (as you can see from the dashboard)
  • Total amount transferred to the NGO: SGD 4,726. This was transferred in two caches.
  • Where did the difference go? Stripe's transaction fees- around 8% per donation that came up SGD 385.

See subsequent update titled 'Transfer 1' and 'Transfer 2' and Stripe Fees.

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