You can post your Campaign for free. There are no registration fees. SCHOLARgifts utilizes a flexible funding formula. If you reach your funding goal, you will receive all of the funds you have raised, minus a 5% administrative fee which will be retained by SCHOLARgifts. If you do not reach your goal, the fee is 8%, but you get to keep the rest of the funds you raised from your gifters.
There is a separate service charge connected with WePay that is not affiliated with SCHOLARgifts. WePay currently charges a credit card processing fee of 2.9% + 0.30 per transaction. If paying via bank account, the WePay fee is 1% plus 30 cents per transaction. Please note that when you contribute through WePay, SCHOLARgifts does not collect or store your credit card information. Gifts processed through WePay are governed by the WePay user agreement and WePay privacy notice.
The SCHOLARgifts administrative fee covers costs associated with developing, maintaining and hosting the SCHOLARgifts fundraising platform, plus other value-added services. When you are setting the fundraising goal for your Campaign, keep in mind both the SCHOLARgifts administrative fee and the WePay processing fee. Remember, SCHOLARgifts provides a powerful and efficient vehicle for the online donations you will receive from not only your crowd of contacts but also from others who are looking to seed educational pursuits. And don’t forget the SCHOLARgifts platform provides the opportunity to participate in a “gift pool” and receive bonus funding! Multiply your potential for success through SCHOLARgifts.