An overview of payment processors and our suggestions for best results and best processing rates.
Fundraise Up requires the connection of a Stripe account for standard currency donation processing via card, e-wallet, and direct debit/bank transfer, and also offers several optional payment processors beyond that.
We recommend enabling all available payment processors, as that can open up opportunities for giving, and in some cases like crypto and stock, can be enabled or disabled on a per-campaign basis.
Connecting your Stripe account, a required step during Fundraise Up setup, will allow you to offer the following payment options to your donor base:
- Credit Card (required)
- This also covers debit cards and pre-paid credit cards.
- Apple Pay
- Google Pay
- Click To Pay
- Direct debit via ACH/Plaid for US, PAD for CA, Bacs for UK, BECS for AU, and SEPA for EU accounts
- Others as they become available
Why does Fundraise Up like Stripe so much? Stripe is a modern payment processor that offers low rates for nonprofits, excellent support, and zero contracts or lock-in -- much like Fundraise Up!
Additionally, only Stripe allows us to offer Apple Pay, Google Pay, and Instant ACH with zero work on your end, as well as allowing us to perform advanced anti-fraud detection.
We will be adding more processing options in the future, each with their own pros/cons. They will however all be modern payment processors vs. legacy processor architectures.
Connecting your PayPal account will allow you to offer PayPal as a payment method. This can account for up to 20% of your donations, when offered. This is a preferred option for some donor base groups, and particularly when users do not have a credit card nearby (but know their PayPal password).
You can also process recurring donations via PayPal using Fundraise Up, which can extend donor buy-in even further.
Gemini or Coinbase Commerce
For processing crypto donations, you can connect either a Gemini or Coinbase Commerce account.
We recommend enabling crypto donations if possible, even if there's not an immediate need, as crypto donations can be enabled or disabled on a per-campaign basis.
For more information, please review our Enabling Crypto in Fundraise Up help article!
Processing Rates and Fees
Neither Stripe nor PayPal charges monthly fees or have lock-in contracts.
For most credit cards (including Apple Pay and Google Pay via Stripe), nonprofit rates are currently 2.2% + 30¢ per transaction for Stripe and 1.99% + 49¢ per transaction for PayPal.
American Express is typically a higher rate, around 3.5%
ACH/eCheck/Bank Transfer is .8%, with a maximum of $5
Standard rates, not on a non-profit / 501c3 verified tier, will vary and are available on the respective website pricing pages.
Crypto donations cannot have fees taken during transaction - instead, fees will be invoiced periodically on all successful crypto donations.
Opening an Account and Requesting Non-Profit Rates
Please visit this link for PayPal.
Processing more than $100k/month on average over 12 months? We can help you negotiate an even lower rate with Stripe! Fill out the form here to start that process.