At LaunchGood, we deeply understand the importance of your Zakat reaching those in need. Our platform is committed to being 100% free of additional charges, ensuring that every dollar goes directly to the campaigns you support. However, standard payment processor fees apply—2.9% + 30 cents for credit/debit card payments, or a flat 30 cents for ACH donations.
Here’s how you can ensure that the full amount of your Zakat reaches the Campaign Creator:
Factors in the Payment Processor fees:
- To ensure the entire intended amount of your Zakat reaches the campaign, you can add a little extra donation amount to cover these fees.
- For credit or debit card payments, we recommend factoring in 2.9% + 30cents along with your donation.
- For ACH payments, simply add 30 cents to your intended Zakat amount to ensure the full value reaches those in need.
Example calculation for Credit / Debit Card payments:
- If you intend to make a $50 Zakat, calculate as follows :
- Divide your desired amount by (1 - 0.029) and add 30 cents.
- $50 ÷ (1 - 0.029) = ~$51.55, then add 30 cents = $51.85.
- The total amount of your donation should be $51.85.
Your generosity has a powerful impact, and by taking these small steps, you can ensure that your Zakat fulfills its purpose. We’re grateful for your trust in LaunchGood as a platform for giving, and we’re continuously working on enhancing the Zakat experience for both donors and Campaign Creators.
Need further support? Reach out to a LaunchGood Expert at support@launchgood.com!