MINNEAPOLIS/SAINT PAUL, MINN. – June 6, 2013 – GiveMN announced today that the transaction rate for donations made on GiveMN.org  will increase from 2.9 to 4.9 percent due to the increased cost for Razoo, GiveMN’s technology platform partner. The rate change will take effect on July 1, 2013.

“We understand that this increase will impact nonprofits and schools throughout Minnesota, and we have always strived to negotiate for the best possible transaction rates with our technology provider. We believe this new rate reflects one of the best values for an innovative, secure and reliable online giving platform,” GiveMN Executive Director Dana Nelson said.

The technology required for the secure fundraising platform comes with significant costs, particularly the cost of reliable and adequate server space and bandwidth for the thousands of organizations and donors who use the website every day and on high traffic days like Give to the Max Day, the world’s largest online day of giving. Credit card processing fees alone are 3% on average. On high-tech platforms comparable to Razoo, transaction fees range from 4.75 to 15 percent and many include ongoing and start-up fees.

“We’re proud to partner with Minnesota nonprofits and schools to shape and grow giving now and into the future in our state. For many nonprofits and schools, we provide much more than a ‘donate’ button for their websites. As a nonprofit, we help organizations and individuals leverage new technology and fundraise smarter,” Nelson said.

Since GiveMN’s inception in 2009, it has connected 200,000 donors with thousands of Minnesota nonprofits and schools, many for the first-time. More than $73 million has been raised through GiveMN, benefiting more than 4,600 nonprofits and schools in the state. GiveMN provides Minnesota nonprofits and schools year-round fundraising support, as well Give to the Max Day.

Razoo has created a resource for evaluating online fundraising platforms. Check out "Ten things to look for in a fundraising platform."

MINNEAPOLIS/SAINT PAUL, MINN. – June 6, 2013 – GiveMN announced today that the transaction rate for donations made on GiveMN.org  will increase from 2.9 to 4.9 percent due to the increased cost for Razoo, GiveMN’s technology platform partner. The rate change will take effect on July 1, 2013.

“We understand that this increase will impact nonprofits and schools throughout Minnesota, and we have always strived to negotiate for the best possible transaction rates with our technology provider. We believe this new rate reflects one of the best values for an innovative, secure and reliable online giving platform,” GiveMN Executive Director Dana Nelson said.

The technology required for the secure fundraising platform comes with significant costs, particularly the cost of reliable and adequate server space and bandwidth for the thousands of organizations and donors who use the website every day and on high traffic days like Give to the Max Day, the world’s largest online day of giving. Credit card processing fees alone are 3% on average. On high-tech platforms comparable to Razoo, transaction fees range from 4.75 to 15 percent and many include ongoing and start-up fees.

“We’re proud to partner with Minnesota nonprofits and schools to shape and grow giving now and into the future in our state. For many nonprofits and schools, we provide much more than a ‘donate’ button for their websites. As a nonprofit, we help organizations and individuals leverage new technology and fundraise smarter,” Nelson said.

Since GiveMN’s inception in 2009, it has connected 200,000 donors with thousands of Minnesota nonprofits and schools, many for the first-time. More than $73 million has been raised through GiveMN, benefiting more than 4,600 nonprofits and schools in the state. GiveMN provides Minnesota nonprofits and schools year-round fundraising support, as well Give to the Max Day.

Razoo has created a resource for evaluating online fundraising platforms. Check out "Ten things to look for in a fundraising platform."