Ask Your Donors to Cover Processing Fees with Donorbox
Discover how to make your fundraising go further by asking donors to cover the estimated processing fees for your Donorbox donations.
Ilma Ibrisevic
Discover how to make your fundraising go further by asking donors to cover the estimated processing fees for your Donorbox donations.
Did you know that a whopping 63% of donors prefer to give online using a credit or debit card?
Online fundraising is easy and accessible, and keeps your donors’ information secure. It also lets your nonprofit capture more donor information, manage your donations more easily, increase your brand awareness, and raise funds cost-effectively.
Therefore, it comes as no surprise that more and more nonprofits are looking to take their online fundraising a step further. Donorbox has helped over 100,000 organizations raise a collective $3 billion online and in person, with one crucial feature to empower our organizations – the ability for donors to cover estimated processing fees.
Having a powerful and efficient online donation system is extremely important if your organization wants to get the most out of online fundraising. While Donorbox is one of the most affordable solutions on the market, processing fees can still quickly add up for nonprofits like yours.
Since it’s not possible to receive online donations without using payment gateways, processing fees are necessary if you want to receive online donations.
Donorbox is free to start and charges a small platform fee of 2.95% for the Standard plan. For the Donorbox Pro plan which is $150/month, the fee is further reduced to 1.75%.
To allow your nonprofit to fully reap the benefits of online fundraising, Donorbox helps your organization ensure that more of each donation goes to your nonprofit.
We make this possible by allowing you to ask your donors to cover the estimated processing fees for their donations. This covers the processing fees from Stripe or Paypal, as well as the 2.95% Donorbox platform fee. Since processing fees vary, the suggested amount is an estimate, but it helps maximize every gift’s impact!
This is a great way for your nonprofit to receive the full amount of a donation, which increases your revenue and in return helps you advance your mission.
Here’s the step-by-step guide on how to ask your donors to cover the fees.
If you want to learn more about nonprofit donation processing, check out our guide to learn more about how donation processing works and how it can impact your organization.
By covering the processing fees, your donors can go the extra mile for your organization and ensure that more of their intended donation goes to your nonprofit!
Many donors aren’t aware that there are fees associated with processing their donations, and most donors want their gift to go as far as possible.
In fact, when presented with the option, the majority of donors are happy to pay a little more to help your cause – especially since covering the processing fees doesn’t significantly impact their donation amount. For example, a donor giving a $100 donation would only have to pay $5.45 more to cover the estimated processing fees.
Once donors tick the checkbox, the additional amount is added automatically to their total.
Ready to start fundraising smarter? Donorbox offers a robust suite of fundraising tools whether you’re just getting started or are a seasoned pro.
From donation management with Donorbox CRM, in-person fundraising with Donorbox Live™ Kiosk, or powerful online donation tools like Crowdfunding or Peer-to-Peer, we’ve got you covered! Sign up today and start fundraising in fifteen minutes.
For in-depth fundraising resources, check out the rest of our Nonprofit Blog. Subscribe to our newsletter to get the best of the blog in your inbox every month.
Ilma Ibrisevic is a content creator and nonprofit writer. She’s passionate about meaningful work, sustainability, and social movements. If she’s not working, she’s obsessing over coffee or cooking. You can connect with her on Linkedin.
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