Every.org charges no platform fees. However, we do incur the current network fee (usually between several cents and $10 depending on the currency used and network congestion) for the cryptocurrency when we transfer a donation to our crypto broker to sell the assets, and our broker charges us a fee of 0.50% or less depending on the size of the transaction.
If you have signed up for electronic funds transfer on Every.org, there will never be a disbursement fee. If you have not signed up for electronic funds transfer, for cryptocurrency donations Every.org covers the 2.25% disbursement fee charged by our disbursement partner, Network For Good, though this may change in the future. For donations over $10,000, if you haven't already connected a bank account, we will reach out to you directly to ensure that we disburse your donation in the most efficient way possible.
Here's an example with real numbers from a cryptocurrency donation made on our site:
- The donor gave 12.1896 ETH to the nonprofit at $2462.84 / ETH, meaning the donation was worth $30,019.84 at the time of donation.
- Every.org transferred the ETH to our brokerage (Coinbase Exchange), incurring a network fee of 0.000483000 ETH (worth roughly $1.24 at the time of transfer).
- Every.org sold the remaining 12.189117 ETH for $2568 / ETH, for a total of $31,301.65. Coinbase took fees of $109.56*, leaving a remainder of $31,192.09.
- * Coinbase's fee was equal to 0.35% of the sale total. You can read more about the fees on Coinbase's Exchange product here - they start at 0.5% and go down as volume goes up. Because they calculate volume based on a trailing 30 day period, often small donations will still qualify for low fees because there are other donations within the same time period.
- As the nonprofit had connected their bank account via Stripe to Every.org, we transferred the entire $31,192.09 remaining to them.