Question 1 of 30
A nonprofit organization is analyzing its online donation strategy and wants to optimize its payment processing fees. They currently use a payment processor that charges a flat fee of $0.30 per transaction plus a variable fee of 2.9% of the donation amount. If the organization receives an average donation of $50, what would be the total fee charged by the payment processor for 100 donations? Additionally, if they switch to a different processor that charges a flat fee of $0.25 per transaction and a variable fee of 3.0%, how much would they save in total fees for the same number of donations?
$290.00
$295.00
$300.00
$305.00

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