Who receives the credit card processing fees?
Donations made on RallyUp via credit or debit card are charged a processing fee. Find out where these credit card processing fees go.
RallyUp uses Stripe to process donations via credit and debit card. Stripe charges nonprofit organizations a rate of 2.2% plus $0.30 per transaction to process payments. So, where does this money go?
The bank or other financial institution that issues the credit card gets most of this fee to pay their costs (and to make a profit). Stripe gets a very small portion of the fee for handling the collection and processing of the payment.
RallyUp does not receive any portion of the credit card fees. The fees are set strictly by Stripe and the credit card companies.
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