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Classy is a software company and online fundraising platform designed for nonprofit organizations.Headquartered in San Diego, California, Classy was founded by CEO Scot Chisholm, Pat Walsh, and Marshall Peden in 2006, originally to host fundraising events that benefit charities.
Donorbox was established by Charles Zhang in 2014, initially launching as a free WordPress plug-in incorporating PayPal and Stripe functionality. [1] [2] [3] For data security, the platform uses 256bit SSL/TLS encryption and is PCI compliant. [4] [2] By 2018, the company expanded its payment options, adding Apple Pay for nonprofit organizations ...
People turn to the platform for help affording basic needs like rent or unexpected emergencies like surgeries. The company collects a transaction fee of 2.9% plus 30 cents for every donation. It ...
Campaigns that reach certain donation levels receive discounts on the fee percentage that Fundly charges. Campaign donations raised from $50,001 to $500,000 are charged 4.4%, donations raised from $500,001 to $1,000,000 are charged 3.9% and every donation raised over $1,000,000 is charged 2.9% [ 5 ]
Their default "Starter" pricing is to charge the non-profit a 5% platform fee from each donation, plus a payment processing fee (credit card fee) of 2.9% + $0.30 per donation. [11] Donors may choose whether to pay the fee in addition to the amount of their donation or to have the fee subtracted from their donation amount before being delivered ...
The money for the donation comes from advertisers whose banners are displayed each time a user clicks the button. [ 1 ] [ 2 ] While not directly contributing (though many sites offer additional ways of support), visitors are making a difference in the sense that, had they not visited, no donation would have been given.
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