Why a 10% fee ?
We receive your donation in TT Dollars. If you are making your donation with a Credit Card using a different currency, it will be charged according to the exchange rate provided by our local bank (click here for their Foreign Exchange Rates) and will be subject to fees charged by your issuing bank.
Once your transaction is processed and approved, we have to pay a few different organizations:
- the local bank
- the local payment processor
- IT consultants
In addition we have to cover some operational costs including:
- statutory requirements
- web hosting / website license costs
- postal fees
Our organization is registered as a non-profit organization and operated on a volunteer basis. We try to keep costs as low as possible, but they exist whether we like it or not.
As a result of the costs described above, 10% of your donation will be deducted from the total amount. This means the charity of your choice will receive 90% of your donation value. This 10% fee barely covers the costs above but we are committed to squeeze these costs down, while we continue to offer the best possible service to our local charities.