The GiveWP Fee Recovery Addon is a valuable extension for the GiveWP plugin, designed to help nonprofits and fundraising organizations recover payment processing fees. This ensures that a larger portion of donations goes directly to the cause. Here’s an in-depth look at its features and benefits:
Key Features
1. Fee Collection Options
- Percentage or Flat Fee: Choose between a percentage-based recovery (e.g., 2.9% + $0.30 for typical gateway fees) or a fixed fee to align with your payment processor’s structure.
- Customizable Messaging: Tailor the message presented to donors, encouraging them to cover the processing fees. Personalize the tone and wording to match your organization’s voice.
2. Control and Flexibility
- Global and Per-Gateway Settings: Set default fee recovery rules globally or customize them for each payment gateway to reflect varying fee structures.
- Per-Form Flexibility: Enable or disable fee recovery for individual donation forms, allowing you to adjust settings for specific campaigns or audiences.
- Opt-In or Automatic Recovery:
- Opt-In: Give donors the choice to cover the fees.
- Automatic: Apply the fee recovery automatically to donations without requiring donor input.
3. Reporting and Insights
- Fee Recovery Reports: Access detailed reports that show how much has been recovered from fees, helping you analyze the effectiveness of this feature and its impact on overall fundraising.
- Transparency: Track the exact amounts collected through donor opt-ins or automatic recovery for better financial oversight.
4. Comprehensive Support
- Documentation: Includes thorough, step-by-step guides to help you set up and customize the addon.
- Reliable Support: Assistance is available to ensure smooth integration and troubleshooting.
Use Cases
- Nonprofits: Maximize funds for programs and operations by reducing the impact of credit card fees on donations.
- Fundraising Campaigns: Offer donors the option to cover transaction fees, especially during high-volume campaigns.
- Custom Campaigns: Use the per-form flexibility to adjust fee recovery settings for specific causes or audiences, such as annual galas or emergency appeals.
Benefits
- Higher Net Donations: By recovering processing fees, your organization retains more of each donation.
- Donor Transparency: Clearly communicate the impact of processing fees and how donors can help offset them.
- Customizable Approach: Tailor settings to match your organization’s needs and donor preferences.
Summary
The GiveWP Fee Recovery Addon is an excellent tool for nonprofits seeking to minimize the impact of payment processing fees on their fundraising efforts. With options for percentage or flat-fee recovery, flexible global and per-form settings, and detailed reporting, it provides full control over fee management while offering donors an opportunity to contribute more directly. This addon not only streamlines financial management but also boosts the effectiveness of your campaigns.
Need help setting it up or exploring its features? Let me know!
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