Happy New Year Everyone!
We're happy to announce that as of today, our transaction fees are even lower! As a result of increased donation volume, we're able to lower the processing costs from 2.9% + 30 cents per transaction to 2.4% + 30 cents per transaction.
For many of our nonprofit partners, this will result in thousands of dollars of savings in fees for 2015. As always, our commitment to a transparent business model means that anytime we're able to get additional discounts on credit card fees, we'll pass them right along to you, our nonprofit users.
Roderick Campbell, CEO, had this to say about the update:
“Today's technology can change our world in unprecedented ways, but only if companies in our industry re-evaluate their business models. Donation skimming, hidden fees, and lock-in contracts make it harder for nonprofits to effectively raise money online. We're eliminating those business practices and calling out the people who engage in them.”
Many more updates to come for 2015, so if you haven't set your nonprofit up on CommitChange, give us a call or create your free fundraising profile.