I’ve always been curious how the money gets to the charity. Does the corporation put the donations into an account and collect interest on it before they give it to the charity?
And who pays the cc fees? And do they have an agreement with the cc provider for a kickback? There are so many hands involved with simple monetary transactions most people wouldn’t believe it.
It’s a good question. The flat fee is already covered by your item purchase, so at worst it would be 2.5-3.5% of the donation amount, which isn’t terrible.
I’ve always been curious how the money gets to the charity. Does the corporation put the donations into an account and collect interest on it before they give it to the charity?
And who pays the cc fees? And do they have an agreement with the cc provider for a kickback? There are so many hands involved with simple monetary transactions most people wouldn’t believe it.
It’s a good question. The flat fee is already covered by your item purchase, so at worst it would be 2.5-3.5% of the donation amount, which isn’t terrible.
Charity is profitable.