Give Lively Nonprofit Members must apply for Stripe's nonprofit discount in order to fundraise with our platform, which includes Text-to-Donate, and Peer-to-Peer fundraising.
In order to receive a discount on Stripe's payment processing fees, nonprofits must have 501(c)(3) status and an EIN number. To apply for the discount, simply message Stripe with your EIN number and a request for the discount to email@example.com or visit this support page.
Once your nonprofit status been confirmed by Stripe, donations made to your organization using Give Lively products will be processed at Stripe's nonprofit rate. As of this writing, their nonprofit fee structure is 2.2% + $0.30 for all major credit card transactions, 3.5% for AmEx transactions, and 0.8% capped at $5 for ACH direct debits.
Our platform's "Cover the Transaction Fee" feature is calculated based on this discounted rate. If you haven't received the discount yet from Stripe, there will be a discrepancy in amount raised between our system and your Stripe Dashboard.
Stripe will not retroactively apply the nonprofit discount, so please make sure to complete the above steps as soon as possible to ensure you get the most out of every donation.