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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