Creating a crowdfunding page or registering a charity on BackaBuddy is free. BackaBuddy is a registered Non-Profit Company and a 5% administration fee is charged on all funds raised through the platform.
Bank charges will also be levied by your respective financial institutions:
- Debit/Credit Card – 2.8%
- PayPal – 5.2%
- EFT R10 Flat Rate
BackaBuddy has implemented a system whereby donors can opt to cover these bank fees and approximately 78% of donors choose to do so.
Funds are collected from the 1st – 30th of each month and paid out to the respective organisations on the 10th of the following month.