As a minecraft server owner, fp4 is definitely overpaying if he has to pay $90 every quarterly billing. You can find some very cheap Minecraft specific hosts that host 1.5 gigs of ram in the $25~ range.
Here's a few that be worth checking out:
http://www.beastnode.com
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We were using the Zombie package from Beastnode, and the extra was to cover the amount in PayPal fees, and a very tiny margin went to myself. They've also changed their pricing since we originally signed up but the price difference is still only about $3.
My interest in Minecraft has completely dropped off though and there's no fun in maintaining it either.