Paypal will always be more expensive than direct bank transfers, even with the charitable discount, so I'd certainly recommend that those looking to donate to us who have the facility to make us direct bank transfers should avoid paypal.
Direct debits certainly aren't free, though the majority of the costs are set-up and annual ones, rather than proportional to the level of donations, so once we're larger it will be relatively cheaper. However it's by the by at the moment since the Co-Op require you to have had an account with them for a year before they'll let you set-up direct debits (out of other people's accounts).
Tom
2009/1/2 AndrewRT raturvey@yahoo.co.uk:
On Jan 2, 4:22 pm, "Andrew Cates" And...@soschildren.org wrote:
Any progress on accepting direct debits?
We will be able to accept standig orders as soon as the bank account is finalised which should be soon after Foundation approval next Sunday.
I think the Board decided against direct debits as they were too expensive, but I can't find the decision at the moment - cfp could you confirm?
We're also looking into paypal which could be promising.
Hope this helps,
Andrew
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