Below is an example of how the North Texas Giving Day check is broken down.
Why is my organization charged for all fees including those covered by donors?
To help you better understand your check distribution amount, we’ve detailed how fee processing works:
As with any credit card gift, there are fees associated with processing those transactions. This year, bonus funds were applied to the transaction total*, including any fees covered by your donors.
- Line A represents all of your credit card transactions, including all fees covered by your donors*
- Line E represents the total fees charged on your credit card transactions (4.99% x Line A)
- Line F represents the fees that your donors elected to cover for you *this is FYI only and does not effect your check calculation*
- Line G represents the net fees paid by your organization once the donor covered fees are subtracted from the total fees *this is FYI only and does not affect your check calculation*
Below is an example to demonstrate the fee processed on a $100 gift, where the donor elected to cover the fee:
Covered Fee + $4.99
Total online transaction $104.99
Fee charged (4.99% x $104.99) - $5.24
Bonus amount (3.2% x $104.99) $3.36
*Because ALL fees are included in Online Gifts (Line A), ALL fees must be subtracted to accurately calculate your check. This is a change from previous years.