For example, when you make a ten euro donation using GoFundMe, you are asked for a 15% tip as they claim to have a 0% platform fee for organizers.
The end beneficiary (Cause) also has a charge 2.9% + 25 cents.
This results in GoFundMe fees of more than 20% for the fundraising campaign.
Whereas, a ten euro donation with a credit or debit card using iDonate has a maximum commission of 5%.
iDonate also gives the donor the opportunity to cover the full commission.
Consequently, the end Cause has an overall commission of approximately 1.5% on average.
iDonate always advise fundraising campaign organisers to read the small print.
FREE is not always free and may not be as transparent as it looks.
Whereas an iDonate campaign of 5% with the majority of donors covering the fees result in a considerable saving.
Donors are given the option to cover the total transaction fees, which 75% of donors opt to do.
This results in the cause getting 100% of the donation amount.
We transfer all donations directly to each cause on a monthly basis.
The iDonate fees allow us to provide a professional service to over 2500 non for profit causes nationwide.
The site fee goes towards:
Development costs – we continue to develop the platform to provide more features and tools to causes.
Support Costs – we are here to respond to emails and provide phone support.
Hosting Costs – we host our website with Blacknight Ireland on a high spec server.
Taxes – Yes we must pay these also!
We are also Guaranteed Irish.
While some service providers claim to offer a Free service, they will charge a transaction fee on each donation.
Some sites also set a default tip of 15% of the amount of the donation.
Additionally, some websites will charge charities monthly / yearly fees to be listed on their platform. iDonate charge no such fees.
As a result your campaign will raise on average 5.4% more by using iDonate when compared with GoFundMe.