Differences

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--- dotcom:kickstarter4groups [2011/05/02 15:54]
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+++ dotcom:kickstarter4groups [2011/05/02 17:10]
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-== Features ==
+==== Payment Service Features ====
   * Multiple deposits into one account with zero-cost refunds
 === Paypal Adaptive Payments ===
-  * Parallel payment - total to multiple receivers, limit of 6 recipients
+  * Standard fee: 2.9%+$0.30
-  * Chained payment - total to primary receiver. primary pays to X receivers
+  * Parallel payment - one depositor. total to multiple receivers, limit of 6 recipients
+  * Chained payment - one depositor. total to primary receiver. primary pays 1-5 secondary recipients
+  * Refunds - Possible within 60 days. PayPal Fees are credited, minus a 30 cent processing fee.
+=== Dwolla ===
+  * $0.25 per transfer paid by receiver unless sender elects to pay
+  * Programatically create accounts? one dwolla account per group project
+==== Approach ====
+  * Upon project creation, collect project owner's dwolla account id, create new dwolla account
+  * Charge owner $0.25dwolla+$0.25service per depositor, successful or not
+  * Use $0.25service to refund money at no cost to depositor
+  * If project is successful, service keeps $0.25service per depositor, transfers total to project owner

Don Park