What’s this 45p transaction cost all about?
What’s this 45p transaction cost all about?
Originally Posted by Wolfie
Virgin Money Giving are a not-for-profit organisation but donations are subject to a 2% platform fee, and a 2.5% payment processing fee to cover their running costs. There are no monthly charges for charities, or any charges on Gift Aid. Supporters can elect to cover the costs for the charity when donating.
Don't just do something, sit there. - TNH
Gotcha…. Makes sense…
I’ve donated numerous times and never noticed it before…
I must have misremembered, but, I was under the impression that Branson set this up as a free platform to support fundraising I.e. beyond a not for profit (swallowing payment charges would be a bit rough though)
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