Mastering Online Giving In Three Easy Steps
If you are tasked with finding a good online giving service for your nonprofit, you will quickly realize that under the surface, online giving is not as simple as the sales sites might lead you to believe.
What might seem like a good rate might in fact be a tiered rate your actual donations may not qualify for. The sales site may look nothing like the product itself. And the actual experience of donors is often overlooked amidst all the bulleted lists of features, options, and glowing promises.
STEP 1: Find the right fit
There are innumerable options when it comes to selecting an online giving site. From industry giants such as Blackbaud and the various online properties of Ministry Brands (like easyTithe, eGiving.com, and Kindrid) to innovative competitors like Givingtools.com, nonprofits have an assortment of electronic giving platforms to choose from.
STEP #2: Test the waters
Legitimate giving sites give potential clients an opportunity to try their services before committing to a product. With this in mind, shoppers are wise to engage in a trial run to determine whether a giving service’s features—and actual product experience—align with their needs.
Trial runs give nonprofits an opportunity to review necessary functionality before making a choice. When it comes down to deciding between two or three products, request a demo
STEP #3: Do the math
Online giving platforms offer a hefty return on investment. After all, the average online gift is $128. Moreover, online charity donations were expected to reach an astounding $31 billion last year. It’s a lucrative market, and one some online platforms are capitalizing on by charging hefty (sometimes hidden) costs and locking you in to a lengthy service term.
For instance, Gofundme.com takes a five percent cut of donations, on top of a 2.9 percent processing fee. It also charges $0.30 per donation. When all is tallied, a charity using the service pockets less than $118 of that aforementioned $128 donation.
The popularity of online giving is growing at record speed; its year-over-year growth reached 23 percent last year. Is your organization taking control of online giving opportunities?