Hi Alex! Strip charges 2.9% + $0.03 for most debit or credit card payments (plus extra for currency exchange or international cards). Stripe also supports ACH (eCheck) payments, which all bank accounts support, with a fee of 0.8% or $5.00, whichever is less. If the organization’s Stripe account already has ACH allowed, this should be no trouble for them.
Givewell asks to receive donations under $1000 through card payment and over $1000 through check. However, not all charities are Givewell—some are happy to receive a check at $500, for instance.
Lastly, don’t forget to check to see if you can use a workplace charity matching program, as many of them cover credit card fees in addition to matching your donation.
Hi Alex! Strip charges 2.9% + $0.03 for most debit or credit card payments (plus extra for currency exchange or international cards). Stripe also supports ACH (eCheck) payments, which all bank accounts support, with a fee of 0.8% or $5.00, whichever is less. If the organization’s Stripe account already has ACH allowed, this should be no trouble for them.
Givewell asks to receive donations under $1000 through card payment and over $1000 through check. However, not all charities are Givewell—some are happy to receive a check at $500, for instance.
Lastly, don’t forget to check to see if you can use a workplace charity matching program, as many of them cover credit card fees in addition to matching your donation.