BoostMySchool charges a one-time setup fee – which is dependent on the school – and an online processing fee for on donations collected through our payment processor. Donations raised outside of BoostMySchool can be added to the site for no additional charge.
In order to best serve schools in support of their online fundraising. BoostMySchool charges a 2% fee
on transactions paid via credit or debit card or bank account. Our payment processor, Stripe
, also charges an industry-standard 2.9% payment processing fee
which cannot be avoided. Our fees are the much less than the fees that popular crowdfunding sites like GoFundMe (8% fee)
and Razoo (7% fee)
Because our schools receive large online donations, we waive the BoostMySchool fee for the amount of a donation above $2,500, so that donors feel comfortable giving large donations through BoostMySchool. However, the payment processing fee is mandatory and still applies to the entire donation.
But one of our most popular features is that there is an option for donors to cover the payment processing fee on the check out page. 70% of donors on BoostMySchool cover the fees!
See the following case study on BoostMySchool costs, based on a real user: (details hidden for privacy reasons)
Case study: Donations to High School Alumni Association in 2016
Donations raised on BoostMySchool: $20,000
Donations raised outside of BoostMySchool: $15,000
Total donations ($15,000 + $25,000): $35,000
Fees from the 30% of donors who did not cover the fee: $300
Donations kept ($35,000 - $300): $34,700!