How to choose which online fundraising website is best for you
Choosing which Online Fundraising site is right for you is one of the most important decisions you can make before you start your fundraiser. There are a lot of sites that seem to offer the same services, but not every website has what you need to begin a successful online fundraiser.
Here are a few things to look for in an online fundraising website.
Administration Fees. These are the fees that are used to process the money. If the site uses Paypal then a small fee will always be deducted. This is an unavoidable fee, because websites will have a credit card processing fee. Websites will charge different fees to use certain credit cards, and to take different payment methods.
Site Fees. This is by far the most important fee to make sure you understand about the website you choose. Since most sites are based only online, the sites will charge a fee out of your total amount given to cover operating costs.
There are a few different ways that fundraising websites go about these fees. The most common ways are to take a pre-determined percentage of every donation. Most sites charge from % 5- 7.5 , that’s a lot if you factor in the Paypal fee. Some fundraising site increase their website fee if you do not reach your goal. This should be the most avoided type of website. A very small majority are actually free fundraising websites. Be sure you do your homework and pick the right online fundraising site for your needs.