iFundraise are delighted to announce it will continue to support donations through PayPal, Apple Pay & Google Pay.
In January, following donor requests, iFundraise integrated with PayPal, Apple Pay and Google Pay to give donors more options when supporting fundraisers and causes. During this trial period, we were delighted to see improvements in donor conversion rates and user satisfaction rates. We are now seeing 1 in 4 donations processed thought PayPal.
Following discussions with PayPal, we were able to secure a favourable rate for transactions through PayPal. While this adds a small additional cost on each donation processed through PayPal, over all it will result in higher net donation income through iFundraise. Additionally, iFundraise allow donors to cover transaction fees. Currently 75% of donors cover the processing fees, resulting in higher net returns from fundraising campaigns run through iFundraise. On average, campaigns run through iFundraise cost just €16 per €1000 raised.
From June 1st, we will be updating the current 5% across the board fee to 4% site fee, plus a transaction fee. Transactions fees incurred are as follows.
Standard Debit / Credit Card – Transaction Fee = 1%.
PayPal – Transaction Fee = 1.9% + €0.35
Google Pay & Apple Pay – Transaction Fee = 1.4% + €0.25
As you can see from above, these changes will result in no additional fees on Standard Debit / Credit Card transactions which account for 75% of total transactions.
iDonate Ltd are grateful for the continued support of Irish charities, school, clubs and Non-profits. Our motto is always to continue to innovate and develop new products, which help our members raise more funds online. Over the coming months you will see some major changes as we merge iFundraise with iDonate.ie. This merger will provide schools, clubs and community groups with a wider range of fundraising tools.
If you have any questions please feel free to contact us at [email protected]
Your iFundraise Team.