Fees per credit/debit card
Credit/debit card companies charge a fee to the seller when you buy something. This
applies to all charities too when you make a donation. We think this is a shame.
Each credit/debit card charges AMF a slightly different fee when a donation is made
online.
The average fee is 2.35%
$100 donated buys...
|
|
Online donation
|
Other donation*
|
Across all donations
|
|
Donor gives
|
$100.00
|
$100.00
|
$100.00
|
|
Fees
|
$2.35
|
$0.00
|
$0.80
|
|
|
$97.65
|
$100.00
|
$99.20
|
|
Bank interest**
|
$1.10
|
$1.10
|
$1.10
|
|
UK Gift Aid**
|
$2.85
|
$2.85
|
$2.85
|
|
Total
|
$101.60
|
$103.95
|
$103.10
|
Therefore:
- $100 donated online leads to $101.60 being used to buy nets
- $100 donated
by other means leads to $103.95 being used to buy nets
- Overall, $100 donated
leads to $103.10 being used to buy nets
We state on the website and elsewhere that '100% of the funds we receive buys nets'.
This is indeed the case. We also believe donors may read this as '100% of my $100
buys nets' and through the above table aim to demonstrate that, overall, we buy
more than $100 of nets with each $100 donation.
We recommend
For donations of $5,000 or more, bank transfer or check/cheque donations are preferred,
assuming it is convenient for the donor to do so, to minimise fees.