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If you are a Single Project and have a bank account where to receive the money, this will be your plan. If you just want to receive money via Stripe - the fees for collecting donation via credit card is only 2.9% + 30¢ Stripe Fees. You can also choose to manage funds you are receiving elsewhere, for example on a PayPal account, another platform, a t-shirt shop, ticket sales, etc. You can also chose to enable bank transfer payments. This means, enabling your contributors to create a pending donation and receive email instructions with your bank details. You can reconcile the donation when you receive it.
If you are Single Project and don't have access to a bank account, you need to apply to a Fiscal Host. If you join a Fiscal Host you don't have to pay Donate PR, pricing depends on each host. Check out the Fiscal Hosts on Donate PR.
If you are an Organization that wants to become a Fiscal Host your plan will depend on how many projects you host as well as your payments options. If you just want to receive money via Stripe - the fees are starting at $129/mo + Stripe Fees and + Paypal Fees. We do not take a % of any transaction unless it is donated as tip at time of checkout, and there is no requirement for donor to give us a tip. You can also choose to manage funds you are receiving elsewhere, for example on a PayPal account, another platform, a t-shirt shop, ticket sales, etc. We call this Add Funds and it's free for one project (Starter Plan). You can also chose to enable bank transfer payments. This means, enabling your contributors to create a pending donation and receive email instructions with your bank details. You can reconcile the donation when you receive them. If you want to manage more than one projects under your fiscal host, you'll need to go into one of the paid plans according to the number of projects you host.
A fiscal host is a legal company or individual who enables financial transactions, holds funds, and takes care of liability and taxes for a Project. Fiscal Hosts make it possible for Projects to transact without incorporating their own legal entity. Each Fiscal Host sets its own fees, most commonly 0% and 5%.
The standard fee for fiscal sponsorship is based on the subscription plan you choose. Donate PR does not take a % of any donation or transaction. This service is commonly offered by foundations and other organizations that manage funds for unincorporated projects. Donate PR offers a great software platform for raising money, paying expenses, record keeping, and transparent budgeting on a per project basis. We charge a flat monthly subscription fee for Fiscal Hosting and allow the fiscal host to set the % fees it wants to charge the unincorporated projects. Payment processing fees are determined by the providers we use, PayPal and Stripe. DonatePR does not hold any funds and requires Fiscal Host to connect their payment accounts (Stripe and Paypal) so funds pass directly to Host's bank accounts.
If a Fiscal Host agrees to receive money outside the Donate PR system, for example via bank transfer, it’s possible for them to add the funds manually to your Project so they show up in your budget. There's no % in this case, but the Fiscal Host needs to have a plan that enables it to do it.
Fiscal Hosts managed by Donate PR charge only the regular platform fee and fiscal host fee for manual transfers, but we only agree to do them for large, infrequent payments or special circumstances, because it’s a time-consuming process.
Yes, it’s possible using our Starter Plan. To do so, you'd need to set up and manage both the Fiscal Hosting side and the software hosting side yourself.