Bitcoin Forum
May 26, 2018, 05:48:51 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2014-08-11] Bitcoin Boost: Bitcoin Holds Promise for Non-Profits  (Read 665 times)
zakoliverz
Hero Member
*****
Offline Offline

Activity: 542
Merit: 500


View Profile
August 11, 2014, 04:26:07 AM
 #1

http://www.technews.org/bitcoin-boost-bitcoin-holds-promise-for-non-profits/2913147/

“Dignitas has to deal with high credit card and transaction fees on all of our donations which can range between 2-5%,” explained Anne Connelly, the charity’s director of fundraising and marketing. She added: “Every donation dollar we lose in a currency exchange or a transfer fee is a dollar that is not going to help someone in need.”
1527356931
Hero Member
*
Offline Offline

Posts: 1527356931

View Profile Personal Message (Offline)

Ignore
1527356931
Reply with quote  #2

1527356931
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1527356931
Hero Member
*
Offline Offline

Posts: 1527356931

View Profile Personal Message (Offline)

Ignore
1527356931
Reply with quote  #2

1527356931
Report to moderator
1527356931
Hero Member
*
Offline Offline

Posts: 1527356931

View Profile Personal Message (Offline)

Ignore
1527356931
Reply with quote  #2

1527356931
Report to moderator
Mr Tea
Sr. Member
****
Offline Offline

Activity: 272
Merit: 250


View Profile
August 11, 2014, 06:51:25 AM
 #2

Yet another excllent use of bitcoin and its benefits. I hope kit catches on with charities as the benefits are massive to them.

Clegg
Full Member
***
Offline Offline

Activity: 176
Merit: 100


View Profile
August 11, 2014, 06:53:52 AM
 #3

Quote
Although payment processors Coinbase and BitPay have waived fees for non-profits in the US, Dignitas, which is headquartered in Toronto, uses Canadian exchange Virtex to convert the bitcoin it receives into Canadian dollars. On average each conversion charges the charity a fee between 0.2% and 0.75%, significantly less than via traditional means.

Wow, did not know they did that. That's pretty great that they offer that and also great for adoption.
TheButterZone
Legendary
*
Offline Offline

Activity: 2156
Merit: 1003


Pay with SegWit!


View Profile WWW
August 11, 2014, 08:46:23 AM
 #4

BitPay waived fees even for profits in the US... https://bitpay.com/pricing

NBA Store coupons here!
Saying that you don't trust someone because of their behavior is completely valid.
Silly Money
Full Member
***
Offline Offline

Activity: 159
Merit: 100


View Profile
August 11, 2014, 09:44:27 AM
 #5

It's really great that they would waive their fees. Charaties would be silly not to accept bitcoin now.

Gervais
Sr. Member
****
Offline Offline

Activity: 366
Merit: 250



View Profile
August 11, 2014, 01:17:29 PM
 #6

I think as a community we should really do our bit to spread the benefits of bitcoin to charities. With even payment processors offering zero fees charaties could really be missing out here and it's great publicity for bitcoin.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!