When an online donor chooses to offset the processing fees, True Impact is calculated based on the following:
- Bloomerang Payments credit card: $0.30 + 2.9%
- Bloomerang Payments EFT: $0.30 + 1%
- Stripe credit card*: $0.30 + 2.2%
- Authorize.Net credit card: $0.29 + 2.49%
- Authorize.Net EFT: flat $0.80
- BluePay credit card: $0.20 + 2.5%
- BluePay EFT: flat $0.20
For example, the True Impact amount for a $100 donation made using Bloomerang Payments is $3.29.
The True Impact amount for this example is calculated by first adding $0.30 to $100, finding 2.9% of that total, and then adding that amount ($2.99) to $100.30. So the donor is giving $103.29 total if they choose to cover processing fees with True Impact.
*Special nonprofit rate; requires you to provide Stripe your EIN and IRS letter. Contact email@example.com for more information.