CauseEDU charges a 5% fee for donations made on our platform, which is pretty standard for the industry. What’s not standard, however, is what we do with the fees:
- We provide free financial literacy tools for students;
- We provide campaign challenges! For instance, in July 2018 we gave $500 to the first student to raise at least $500 on our platform;
- We cover special administrative costs, such as enrollment verification, that make it easier for donors to give;
- We are able to offer a platform that provides multiple giving options for donors, which makes it easier for donors to give.
In addition to CauseEDU’s fee, our payment processor (Stripe) charges a standard fee of 2.9% + $0.30 for credit card payments.