Creating a crowdfunding page or registering a charity on BackaBuddy is free. BackaBuddy is a registered Non-Profit Company and a 5% administration cost + VAT = 5.75% is charged on all funds raised through the platform by registered Non Profit Organisations.
For individuals raising funds on the platform who are not linked to a registered non profit organisation, an administrative cost of 7% + VAT = 8.05% is charged
Bank charges will also be levied by your respective financial institutions:
- Debit/Credit Card – 3.8%
- Ipay – 2.5%
- PayPal – 5.5%
- EFT R12 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.