Monday, August 11, 2014

The Online Giving Fee Trap!

The Online Giving Fee Trap! Watch out for unnecessary fees when setting up online giving!

Don't Pay More Then You have To
There are a lot of companies out there that allow your church or organization to get set up with online giving including online, mobile, and kiosk. But there are a lot of unnecessary fees! Read this article to be aware of unnecessary fees and how you can avoid them.

Set Up Costs
You should never, and I mean never, pay for set up costs. Especially if those set up costs are for each avenue of giving. For example, some companies have you pay for your online donation avenue and then if you want mobile you have to pay an mobile setup cost on top of that. These costs can be completely avoided and are just an extra cost to your church or organization. Don't pay them just move on to the next company that doesn't require that unnecessary fee. 

Service Charges
You should never pay a service charge on top of your transaction fees. This is an unnecessary cost to your church. A service charge can be a set dollar amount or it can be a percentage of your donations but you shouldn't have to pay either
. Like in the set up costs if there is a service charge in addition to your transaction costs just move on to the next company that doesn't charge you a service charge.

Transaction Costs
Yes, this is a real fee and no matter where you go you need to pay this. However, be on the lookout for excessive transaction costs. Anything over 3% is a high transaction cost for non-profits and churches. Anything over 5% is high for individuals. If you want to save money look for a company that has a transaction cost split where they charge a different fee for ACH then they do Credit Card. ACH is a cheaper method of accepting donations and you can greatly reduce your transaction costs by asking your donors, or even having the ability for your donors to choose, ACH payment methods.

Monthly or Yearly Costs

This is a little bit of a muddy water cost. A lot of places do charge a monthly cost but there a few that don't. (If the company doesn't charge a monthly cost that mean they are covering that cost for you.) If the transaction rate is the same between two companies and one has a monthly cost then of course go with the one without the monthly cost. However, if they seem comparable in that the transaction rates are significantly lower and the monthly cost is very low then you might have to do some math to see which would be cheaper for your church. 

You can find our rates here to compare them with other companies 


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  3. thanks for sharing this article. It's important to be aware of the hidden fees that can come with online giving. I've heard of some churches that have been charged monthly fees, transaction fees, and even setup fees. It's definitely worth shopping around and comparing different providers to find the one that offers the best value.

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  4. This article provides a comprehensive guide on avoiding unnecessary online giving fees for churches and organizations. It highlights the importance of seeking companies without set-up costs, service charges, transaction fees, and monthly or yearly costs. The article emphasizes the need to maximize funds for noble causes and weigh overall cost-effectiveness. Fatal Accidente de Semirremolques Hoy

  5. Especialmente si los gastos establecidos son para cada vía de donación. For instance, some businesses require you to pay for your online donation platform, and then if you want a mobile, you also have to pay a mobile setup fee. These expenses can be entirely avoided and are just an additional expense to your church or organization. ¡Gracias por compartir tu experiencia! ¡Sigue haciendo una excelente labor! Continuar compartiendo. Feel free to visit my website.
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  6. It's crucial to be aware of the online giving fee trap when donating. While it's convenient to give online, hidden fees can eat into your contribution. Stay informed and choose platforms wisely to ensure your generosity goes where it's needed most. However anyone share business OwnTweet .