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April 6, 2017

Are you overpaying for your eGiving program?

Categories: Inspire Minute
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Are you overpaying for your eGiving program?

If you are currently using, or hearing sales pitches from, transaction-based eGiving providers, here are five questions you should be asking yourself:

  1. Generosity that materializes and grows over time is a culmination of reflection – an increased awareness of the need to give back to God, and recognition by individuals and families that your parish is an effective instrument of God’s work. Why should an eGiving firm get to share in this recognition by being paid more for larger gifts?
  2. Do you think that your parishioners would be happy with the fact that, the more generous they are, the more money an eGiving provider receives?
  3. Beyond processing donations, what practical steps and services do transaction-based eGiving providers include in their platform to merit a higher fee month after month?
  4. Is the fee your parish pays to your eGiving provider predetermined – or are you paying your provider a larger commission as participation in your program grows?
  5. How much money will your eGiving company be making when 80% of your donations are eventually processed electronically – the current forecast for most parishes?

As you review your eGiving program, make sure that your parish is receiving the most equitable fee structure possible – one in which your costs don’t fluctuate from month to month, and that doesn’t charge you more when your parish family gives more.