Here at ChurchTrac, we ❤️ saving churches money. The more money your ministry can save, the more ministry you can do. We thought it fitting that the first area of saving money we talked about would be Online Giving. When it comes to saving money with Online Giving, it's all about the fees.
The two most popular ways to accept donations is through Credit Card and ACH. Both have fees associated with them. If you do the math, the average church donor that gives via credit card will accumulate roughly $83.20 in fees every year. This is assuming an avg tithe of $100 twice a month for an entire year. See the math:
Unlike Credit Cards, donations made with an ACH Bank Transfer do not have a percentage fee with ChurchTrac. It's just a flat rate of $0.25 for every donation. If that same church donor gave via ACH instead of a Credit Card, the total fees for the year would only total $6.50. See the math:
The average savings for each donor that gives through ACH instead of credit card is $76.70/year. And that's just one donor. Imagine having a dozen of your donors switch to ACH Giving from a credit card. We're talking about saving your ministry over $900 a year in fees! Larger ministries could save THOUSANDS. Check out the video below:
There are literally hundreds of church donation platforms out there... and we see churches every day being overcharged by them. Break up with your current provider if they're doing any of the following...
2.9% plus $0.30 for each online giving transaction is the industry standard right now for Non-Amex credit cards. Paying anything more is straight-up "highway robbery".
Did you know that many companies take a portion of your tithes and offerings? Seriously! Behind the scenes, they'll negotiate a lower rate with the merchant processor, and then "skim off the top" their cut. Talk about shady!
ChurchTrac Credit Card Rates Start At 2.9% + $0.30 for Non-Amex (Most churches pay even less with ChurchTrac).
One tactic that many church giving platforms use is a really low percentage rate to reel you in. They'll advertise something like 1.9% + $0.30 for each transaction. However, they make up for it by tacking on a monthly charge. We've seen some companies even have the audacity to charge a monthly rate on top of a high processing fee. RUN AWAY FAST!
We're not going to name names, but we've seen many Online Giving companies charge churches a percentage of their ACH Donations. Make like a hot potato 🔥🥔 and DROP that company ASAP. That percentage charge is not coming from the bank or merchant processor. It's basically a made-up "convenience" charge that's taking money from your donors and putting it in their pocket.
ChurchTrac makes ZERO money from Online Giving. Seriously! We've simply included Online Giving as a part of our complete Church Management Software. No made-up "convenience charges" or "skimming off the top".
Start your free trial and see why thousands of ministries around the world love using ChurchTrac to accept donations, generate contribution statements, and more!