Cracks_InTheWalls

I’d also appreciate an official update of this at some point (I’d be fine with end of Feb for the first update). What I have right now is some napkin math, as someone who sucks at math:

Ko-Fi: About $401.60 at the time of this post ($160 x 2.51)

Librepay - I made an assumption based on remaining weeks in 2025 last time, but idk if that’s actually how it works, so I’m changing it to a full calendar 52 weeks here (if someone has a source on how librepay comes to the per week figure, let me know, because I do know it takes lump sums and divides it to add to a weekly value): 28.66 x 52 = $1490.32

Assuming this is all 100% accurate, puts current total at $1891.92, about 55% of the proposed 2025 budget.

Please do not take this as gospel - I think I’m in the right ballpark but that Librepay per week thing is throwing me for loop. I think Ko Fi is more straight forward and the $160 is not a per week goal thing

Between both, and keeping in mind the Liberapay donors may be doing recurring contributions rather than a lump sum for the year (so may need to stop if something comes up for them), we’re looking at about $1250 give or take for 2025 so far. Nice!

Edit: Did the Liberapay weekly rate x 47 weeks for remaining year, but forgot to add the Ko Fi amount. Dur.

Edit edit: Please feel free to correct me if I’m reading the Ko Fi stuff wrong.

If you want to see what that looks like in the relevant context here (Canada), check out what lemmy.ca is doing (fedecan.ca). Would be curious if there’s non-Canadian instances taking this approach too.

I assume there’s at least some tax benefits/less of a tax liability to TheDude if doing this, but likely requires an additional level of support from folks too for the adminstrative aspects of that.

lemmy.ca/post/25251642

Checked it out, it is truly the sh.it. Definitely a nice lookin’ frontend!

[Edit: played the usual period placement game and this time I lost, it was a working link to something. Fixed.]

Reading some deets:
Liberapay - does not take a cut of payments, the service is funded by donations to its own account. However, there are payment processing fees. The fees vary by payment processor, payment methods, countries, and currencies. In the last year, the average fee percentages have been 3.1% for the payments processed by Stripe and 5.1% for the payments processed by Paypal.

Ko-fi - No fee for one-off donations, 5% platform fee to use premium features/become a Ko-Fi contributor (basically, if TheDude and co give Ko-Fi a 5% cut in exchange for premium Ko-Fi features for TheDude and co). 5% on monthly donations, other stuff at same % that I don’t think is relevant here. Normal payment processor fees apply (usually around 3% + $0.30)

My short verdict: Not a huge difference if doing one bigger donation at a time, go with Liberapay if you intend to do regular scheduled donations and maybe avoid Paypal if you can. Or whatever makes more sense, I’m far from a crowdfunding expert.