Transaction Fees
Put simply, more get through on Giveall.
With payroll giving there is simply no comparison with 100% of every donation getting through and getting through fast (within 2 working days of us receiving the funds)
With online fundraising and donations, Giveall is commission-free and as the transaction fees imposed upon us are lower then those on others, more of online donations get through as well.
As an example, here’s what happens to a £20 donation on Giveall and 3 of the other leading online giving sites (with other forms of giving below that):
ATTENTION: We are currently upgrading our merchant payment platform in order to further reduce costs to charities. In the interim, our card processing costs, as indicated below, are temporarily higher than normal.
| £20 DONATION VIA WEBSITE |
Giveall(1)
|
JustGiving(1)
|
Virgin Money Giving(1)
|
mydonate(1)
|
| Donation |
£20.00 |
£20.00 |
£20.00 |
£20.00 |
| Reclaim Gift Aid |
£5.00 |
£5.00 |
£5.00 |
£5.00 |
| Sub-Total |
£25.00 |
£25.00 |
£25.00 |
£25.00 |
| Commission Fee |
£0.00 |
£1.25 |
£0.40 |
£0.00 |
| Credit card processing fee(4) (5) |
£0.48 |
£0.26 |
£0.29 |
£0.26 |
| Debit card processing fee(4) (5) |
£0.48 |
£0.26 |
£0.29 |
£0.15 |
| Charity receives - Credit Card |
£24.52 |
£23.49 |
£24.31 |
£24.74 |
| Charity receives - Debit Card |
£24.52 |
£23.49 |
£24.31 |
£24.85 |
| COST ANALYSIS (£20 DONATION) |
Giveall(1)
|
JustGiving(1)
|
Virgin Money Giving(1)
|
mydonate(1)
|
| Gross cost - Credit Card(4) (5) |
£0.48 |
£1.51 |
£0.69 |
£0.26 |
| Gross cost - Debit Card(4) (5) |
£0.48 |
£1.51 |
£0.69 |
£0.15 |
| % cost of donation - Credit Card(6) |
2.40% |
7.55% |
3.45% |
1.3% |
| % cost of donation - Debit Card(6) |
2.40% |
7.55% |
3.45% |
0.75% |
| OTHER FORMS OF GIVING |
Giveall(1)
|
JustGiving(1)
|
Virgin Money Giving(1)
|
mydonate(1)
|
| Personal Donor Account |
0%(2) |
N/A |
N/A |
N/A |
| Payroll Giving |
0%(3) |
N/A |
N/A |
N/A |
| Mobile Giving |
Coming soon |
0% |
N/A |
N/A |
E&OE means Errors & Omissions Excepted
Notes:
-
Costs extracted from websites on 7 th January 2013. The fee comparison can be located here.
-
The Individual Donor Account is funded via Payroll Giving at zero cost.
- The HMRC Approved Giveall Payroll Giving Agency is a zero cost platform for organisations registered with Giveall.
-
Interchange fees vary depending on card type, use of the VBV or SecureCard process and domicile of the card issuer and acquirer. The lowest rate is shown.
-
There is a lack of clarity concerning the credit/debit card charges, since in some instances these are not quoted. Accordingly, certain assumptions have been made and these may not be correct.
- Percentage cost of donation is calculated on the original £20.00 donation.
-
All fees are subject to change and can vary, since they are set by third parties.
|
