GivenGain enables charitable organizations to accept cryptocurrency donations through a partnership with The Giving Block, a facilitator specializing in crypto donations. This collaboration provides charities with the capability to accept digital currencies and receive disbursements in fiat currency without requiring expertise in cryptocurrencies. The integration grants charities access to a new segment of high-value crypto donors while preserving their existing donation processes and fee structures.
Overview of the cryptocurrency integration:
- Cryptocurrency acceptance: Charities utilizing the GivenGain platform can now accept donations in various cryptocurrencies.
- Fiat disbursements: Donations are converted to traditional fiat currencies (USD, GBP), thereby eliminating the need for charities to manage digital wallets or complex cryptocurrency technology.
- Donation process and fees: The donation experience remains consistent for donors, and charities maintain their current fee structures.
Primary benefits:
- Expanded donor base: Charities gain access to a growing demographic of donors who prefer to contribute using cryptocurrency.
- User-friendly experience: Charities are not required to manage cryptocurrency wallets or adopt new technologies.
- Enhanced donation amounts: The average cryptocurrency donation on GivenGain tends to be significantly higher than traditional methods, such as credit card donations.
In summary, this cryptocurrency integration democratizes access to crypto giving for a wide network of nonprofit organizations, simplifying the acceptance of digital assets and facilitating payouts in familiar fiat currency formats.
Information related to GivenGain charity profiles:
- Payouts for cryptocurrency donations are included within the standard donation payout schedules.
- Cryptocurrency donations are subject to a 3.9% processing fee. Please refer to our pricing for details.
- Cryptocurrency donations are non-refundable.
- Due to the volatility of cryptocurrencies, the final contribution amount in local currency may vary slightly. Consequently, the contribution and associated fees will be adjusted to reflect the exact value at the time of the donation, while preserving the percentage allocations originally selected by the donor.