> Charitable donations because charities maximize every penny, and electronic contributions eat into that
Charities in Europe very much want an electronic donation, since the cost is far less than handling either cash or cheques. More importantly (I think), it also gives them much more opportunity to get a recurring donation.
Example UK prices (since cheques still exist there)
Charities in Europe very much want an electronic donation, since the cost is far less than handling either cash or cheques. More importantly (I think), it also gives them much more opportunity to get a recurring donation.
Example UK prices (since cheques still exist there)
- Depositing cash, 70p per £100 deposited.
- Depositing cheque, 60p per cheque.
- Receiving one-off electronic payment, 10p.
- Receiving a recurring electronic payment, 4p.