CommitChange Works Towards Zero Cost Donations
CommitChange, a social impact company that provides intelligent fundraising tools to nonprofits has announced that due to increased processing volume, has lowered its credit card fees from 2.9% per transaction to 2.4% per transaction. CommitChange does not take additional platform fees on donations processed through the platform, so the savings on credit cards fees will be passed directly to the nonprofit users. The result will be hundreds of thousands of additional dollars going directly to nonprofit users in 2015.
"Today's technology can change our world in unprecedented ways, but only if companies in our industry re-evaluate their business models. Donation skimming, hidden fees, and lock-in contracts make it harder for nonprofits to effectively raise money online. We're eliminating those business practices and calling out the people who engage in them.” says CommitChange CEO, Roderick Campbell. CommitChange is on track to process over $10,000,000 in 2015, so we plan to lower these fees even further.”
The St. Bernard Project switched to CommitChange prior to launching its biggest fundraising campaign of the year. "This was our most successful year to date; we can attribute much of that to the clear, intuitive interface that makes donating so much easier.” Says Ann Williams, Director of Development for the St. Bernard Project. "With the volume of online donations that we process, lower transaction costs will have a significant impact on our funds raised. We're switching all of our affiliates over this week and are looking forward to our best year yet.”
CommitChange recently released its first monthly subscription tier for its core fundraising suite and currently serves 300+ nonprofits across the country. More than 9000 donors used CommitChange for their charitable giving in 2014.
CommitChange provides nonprofits with a full suite of integrated online fundraising tools, which can be managed from a single platform. CommitChange is venture backed by Mark Cuban, Tim Draper, and 500 Startups and headquartered in Oakland, California.
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