asked by
on 5/27/16Hey Bonnie,
Thanks for the email. Great question and we're here to help.
A few months ago we launched functionality for the donor to cover all the processing fees and credit card fees so that 100% of donations go to the causes on CrowdRise. It sounds like you're raising money for a Personal Cause and collecting the funds your medical condition and we want to help you fight through that condition.
As noted in our Terms of Use, the fee structure for this type of fundraiser is as follows:
-The per transaction platform fee is 5.9% + credit card fees of 2.9%+$0.30
-We give all your donors the option to cover those fees.
-If all your donors cover the fees, youll have cost-free fundraising. If your donors dont cover the fees so that youre getting 100% of the funds, email us at quintas@crowdrise.com and well cut you a check for the difference (our mean accountants said you need to cash the check within 90 days or it expires).
As of last week the Effective Rate for all fundraisers on CrowdRise is 1.8%. Which means because of our structure of offering the donor the option of covering the fees, so many of them choose to do so that you'd receive about $98.20 of every $100 you raise. So great right?
This should clear up any misconceptions of our pricing and if you have any other questions please email Quintas@CrowdRise.com and we'll be standing by ready to help.
Quintas
CrowdRise Customer Service Person.
You can set up an account with paypal for a fraction of the fees. It can be for profit at a slightly higher fee, or for nonprofit at a lower fee. There are no hidden costs and you can get the money out immediately. I would recommend going that route.