My CFO wants to know about Stripe
We get it! It can take a lot of work to get your team on board with any new idea! That's why we've put together this together for you to use as a guide you can share with the"Person" who has the ability to essentially setup and manage your organizations finances. Oftentimes this is CFO or Executive Director.
Our Merchant Processor
We use Stripe as our payment processor
www.stripe.com . Stripe is a billion-dollar company.
Stripe does not charge a signup or monthly fee. This account will belong to your organization and can be
used for other things should you desire. Costs incur only when a transaction is made.
Stripe’s fee is 2.9% +.30 per TRANSACTION. The average donation using our platform is between 22 and
26 dollars.
When a payment is made, Stripe deposits the money directly into your organizations bank account. We
have no access to your banking information or funds. Stripe pays us in the same manner.
Our fee is 10%. The total cost of running an OSMOSvote event comes in between 15-16%. We have no
upfront costs. There are no other fees or costs associated with doing an OSMOSvote event. Our success
is directly tied to yours.
To help you expand your donor base we provide the names, e-mail addresses, and the amounts donated
in a downloadable excel spreadsheet
Related Articles
What is Stripe?
We use Stripe as our payment processor . Stripe is a billion-dollar company whose clients include Expedia, Amazon, and Uber. To find out more about them please visit their site www.stripe.com Stripe does not charge a signup or monthly fee. This ...
How does the collection and distribution of the funds work?
OSMOSvote is not a part of the cash flow. As part of the sign up you will be required to create an account with Stripe (www.Stripe.com) Stripe processes all of the payments and distributes the money directly into your bank account. They also pay us ...
How do we get paid?
The initial payout from Stripe takes up to 14 days to process and be deposited by Stripe. We encourage the setup of Stripe as soon as possible to avoid any delays in payouts If you have connected a Stripe account to our platform, after the initial ...
Are there any set up fees and what do you charge?
We are totally invested in your success. We have no set up fees and collect 10% of the gross. That’s why we are committed to helping you have the best fundraiser possible. The better you do the better we do and just as importantly the more funds ...
How long does it take for our fundraiser to go live?
If you have all the information we need and the support copy and images or video and create a Stripe account you should be able to be up in an under an hour depending on the number of entries.