Getting international recognition of your nonprofit is awesome! As your organization grows, you’re bound to attract donors from around the world. Therefore, your donation form should be able to handle donations in different currencies.
Donorbox is here to help – our donation forms allow donors to choose their preferred currency to donate in!
In this guide, you’ll learn which currencies you can select on Donorbox., how it works, and the steps to enable this feature –
Donors can decide from a choice of up to 45 of the most common currencies across the world, including –
Out of the 45 mentioned above, you can select the ones you want to place on your donation form for donors to choose. Here’s how Make A Wish International does it with their Donorbox donation form.
We’ll talk about how you can enable this feature. First, let’s see how using multi-currency donation forms works on Donorbox.
It’s easy to get started on Donorbox and create a donation form. Check out this guide and this short video to learn the steps. Enabling the multiple currencies is also very simple – just checking a few checkboxes and clicking a couple of buttons. That’s it. We’ve explained those steps in the next section.
Now, once you’ve shared you donation form with people, they will see the option to choose which currency they want to donate in, based on the options you select.
A single unit of one country’s currency may not be worth the same in another country. 1 HKD and 1 USD are not equivalent in value. So, when switching between different currencies, your form will immediately auto-calculate the new amounts at the prevailing exchange rates from Open Exchange Rates. Check out this example below.
This ensures that your donors know exactly how much they’re donating. If the donor chooses a lesser-value currency to donate in, you’ll still receive the equivalent value in your own currency. Your nonprofit will always get the amount it intended to get.
When a donation is made in a different currency, you will see both the original and converted amounts on your dashboard. The donor’s currency amount will be displayed, along with the converted amount in your base currency (as shown below). Your CSV file will also have columns for both currencies so you can see exactly how the donation was converted.
If not, log into your Donorbox dashboard.
Select the campaign for which you want to enable the multi-currency feature and click the “Edit” icon next to it.
Go to the “Amounts” tab and click on it.
Choose your base currency from the list. This will be the default currency that your form will display.
Turn on “Multiple Currencies” by toggling the switch.
Next, choose the additional currency options you want your donors to see. You can choose as many or as few as you like. Only the options that you tick will reflect on your donation form.
Hit that “Update” button at the bottom of the page and you’ll be all set – go check your donation form reflecting all the currencies you’ve selected. Don’t forget to share with the world!
Donorbox’s multi-currency feature is certainly going to make donations an easier process for both you and your donors. If you need further help with enabling this feature, please feel free to contact us. Our Support Team will gladly help you set up those international donations.
Check out Donorbox’s other features – as simple as this one and affordable as always! Just sign up for free and get fundraising in just about 15 minutes from now. No documentation, no monthly contracts, no start-up costs.
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