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Online Banking Bill Payment

* Online bill payment via 5 major

  Canadian banks

* $0.25 flat fee per transaction

  regardless of amount

* Cheapest option. Maximum

  amount to creatives

* No holds

* Terms & Conditions applies

 

Telpay

* Trusted Canadian online

  payment company

* $0.5 flat fee per transaction

  regardless of amount

* Available to client of most

  financial institutions in Canada

* No holds

* Terms & Conditions applies

 

 KREYTOR.ORG – CREATORS NODE

(How Pay with Telpay works)

Paypal / Credit Card

* Convenient and widely used

* 2.9% + $0.30 (Canada & U.S.)

  per payment / donation

* Foreign payments subject to

  Paypal’s foreign xch rate & fees

* 30 days holds or until security

  check is completed

 


 

 

Remittance Fees to Creatives

Remittance Method Admin &
Processing Cost
Biweekly scheduled payments
(Standard Canadian if minimum of $50 reached)
$0.99
Rush 48 hours (with verified banking and related personal information) $3.00
To U.S. > $5,000 (Standard U.S.) $0.99
To U.S. < $5,000 $3.00
International (exchange rate at cost per processing co.) $3.00

Fees: Major Platform vs Kreytor

Compared to 5% to 9% fees for major platforms such as Kickstarter, GoFundMe, Indiegogo, & Patreon:

Total Funds Raised Major Platform Kreytor:
Standard
U.S. & Canada
Non-Std
& Others
 
$100.00 $5.00 to $9.00 $0.99 $3.00
$500.00 $25.00 to $45.00 $0.99 $3.00
$5,000.00 $250.00 to $450.00 $0.99 $3.00
$50,000.00 $2,500.00 to $4,500.00     $0.99 $3.00
$100,000.00 $5,000.00 to $9,000.00 $0.99 $3.00

Stock Photos / Footage / Sounds & Music

Prices are set by the creator of the stock assets. e.g. Allows Pay-what-you-want (PWYW) / Pay-what-you-can afford (PWYCA), or the creatives set their own price to allow commercial use, and provide high resolution copy &/or non-watermarked version, etc.

The bottom line is the creatives choose & control the use of their works and get all the profit directly, not just a small % share of the profit. Payment processing fees at cost and very minimal administration cost as per fee schedule above.

Payment / Donation Transaction Cost Comparisons (U.S. & Canada)

All payment processing fees are at cost with no markup or profit

Payment / Donation Amount Paypal / Credit Card Telpay Bank's Bill Payment
$5.00 $0.45 $0.50 $0.25
$10.00 $0.59 $0.50 $0.25
$100.00 $3.20 $0.50 $0.25
$500.00 $14.80 $0.50 $0.25
$5,000.00 $145.30 $0.50 $0.25