FundRazr is excited to announce an addition to our family of pricing models! Last year we introduced Free Fundraising for non profit organizations. Since then, more than a thousand organizations have raised money for free using this pricing model! Driven by the success of our Free Plan, our team has decided to extend this concept further, giving our professional fundraisers even more flexibility and power.
From now on, fundraisers will have the opportunity to select between three pricing models: Free, Standard and Pro.
Free Model remains the same but fundraisers will now have full access to our entire suite of functionality. With Free Model, fundraisers only pay payment processing fees. They can run an unlimited number of campaigns with no setup, monthly or annual fees. To cover operational costs of the platform, FundRazr relies on optional tips coming from donors.
Standard Model is our old Pro Plan. It is an industry-standard option when fundraisers pay a commission on funds raised (5%). With our Standard model, donors are not asked for an optional tip. Fundraisers also pay third-party payment processing fees. With Standard model, fundraisers get full access to the entire functionality and can also run an unlimited number of campaigns with no setup, monthly or annual fees.
Pro Model is our newest addition to the pricing models family. The Pro Model extends the concept of community paying the fees to give organizations maximum flexibility to optimize the fees for their purposes. This is a powerful tool in the hands of professional fundraisers, offering them flexibility and customization of the pricing according to their organizational preferences. With Pro model, fundraisers can fully or partially recover both the platform and payment processing fees with the help of their community. You can add up to three custom Pro models and apply them to different types of campaigns. With the Pro model, fundraisers can run an unlimited number of campaigns with no monthly or annual fees and get access to the entire functionality.
Three key concepts about the new pricing models:
- There are no upgrades or limits to the functionality of the platform based on the selected pricing model. You get our entire, powerful toolset including sophisticated peer-to-peer, DIY and other types of innovative campaigns right away regardless of the pricing model. You can find a platform toolset list here.
- Mixing and matching pricing models. Fundraisers can set a default pricing model on the organizational level and all new campaigns will inherit the defaulted pricing model. However, different pricing models can be selected for different campaigns, which means that you can pick the pricing model that works best for a particular type of a campaign. A common use for multiple custom models is to test the appetite of your community for recovering a higher percentage of your fees. Some nonprofits are able to recover 100% of their platform and payment processing fees in this way, which makes their online fundraising completely free to use and manage.
- You may have noticed that we don’t say pricing plan, instead we say pricing model. It is a deliberate choice of words. When you select a pricing plan, it implies that you make an upfront choice of the functionality you need and have to plan ahead your monthly budget for the technology. With FundRazr, we don’t charge any upfront or monthly fees and we don’t restrict your access to platform functionality. Instead we let you model and design pricing that works best for your organization and your community.
Why we designed pricing this way
FundRazr’s mission is to create the most powerful digital fundraising system for free or as close to it as possible. Daryl Hatton, CEO and Founder of FundRazr explains our new pricing:
Have questions or need more information?
Our experienced crowdfunding strategists will help you answer questions and decide which pricing model will bring the best results for your organization.