Author

Topic: [2014-08-11] Bitcoin Boost: Bitcoin Holds Promise for Non-Profits (Read 731 times)

sr. member
Activity: 366
Merit: 250
I think as a community we should really do our bit to spread the benefits of bitcoin to charities. With even payment processors offering zero fees charaties could really be missing out here and it's great publicity for bitcoin.
full member
Activity: 159
Merit: 100
It's really great that they would waive their fees. Charaties would be silly not to accept bitcoin now.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
BitPay waived fees even for profits in the US... https://bitpay.com/pricing
full member
Activity: 176
Merit: 100
Quote
Although payment processors Coinbase and BitPay have waived fees for non-profits in the US, Dignitas, which is headquartered in Toronto, uses Canadian exchange Virtex to convert the bitcoin it receives into Canadian dollars. On average each conversion charges the charity a fee between 0.2% and 0.75%, significantly less than via traditional means.

Wow, did not know they did that. That's pretty great that they offer that and also great for adoption.
sr. member
Activity: 270
Merit: 250
Yet another excllent use of bitcoin and its benefits. I hope kit catches on with charities as the benefits are massive to them.
hero member
Activity: 536
Merit: 500
http://www.technews.org/bitcoin-boost-bitcoin-holds-promise-for-non-profits/2913147/

“Dignitas has to deal with high credit card and transaction fees on all of our donations which can range between 2-5%,” explained Anne Connelly, the charity’s director of fundraising and marketing. She added: “Every donation dollar we lose in a currency exchange or a transfer fee is a dollar that is not going to help someone in need.”
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