Fee Structure (updated 01/05/2015)
Razoo's current pricing is 6.9% plus $0.30 on each donation to a charitable fundraiser. The Razoo Foundation will regrant 93.1% less $0.30 per advised donation to the qualifying tax-exempt entity chosen and retain 4.0% for platform costs and Razoo Foundation’s expenses, plus 2.9% and $0.30 for payment processing costs. Donors can cover these fees to ensure the organization will receive their full donation.
For example, a contribution of $100.00 advised to Charity A would result in a regrant of $92.80 to Charity A. The donor is issued a tax deductible receipt for the full $100.00 contribution.
Our platform fee helps to provide and maintain all the services and features to our nonprofits and donors using the site. The payment processing fee covers the costs of processing a credit card or other payment service.
The Razoo Foundation automatically disburses funds to advised charities on a regular timeline.
With just one-click at checkout, donors can cover all of the processing and platform fees. Industry research shows nearly 40% of donors choose to boost their donation, which means organizations receive even more in donations.
To boost their donation, donors simply need to check or turn on the option to boost or cover the fees. By default, this option is off, so donors will need to check this themselves.
We apologize for any inconvenience. If you're still looking for assistance, we suggest requesting the refund from the advised charity once they have received their grant check.