Nonprofits and schools use a variety of methods and platforms to raise money online that can be divided into three major buckets:
- Low-fee systems like PayPal are truly used just for processing credit cards, and do not offer much more functionality like specialized customer service or the ability to tell an organization’s story.
- On the other end of the spectrum, consumer-facing platforms such as GoFundMe, Kickstarter, and others charge anywhere from 8-15%.
- GiveMN’s 6.9% fee is in the middle and competitive with other similar platforms, providing donor reporting features, covering all chargeback options, investing in a platform that can process more than a donation every second across thousands of organization pages on Give to the Max Day, while also supporting GiveMN’s mission pursuit and donor customer service. GiveMN is unique among giving platforms nationwide, and all fee revenue is reinvested right here in our community.