Say hello to saved costs, more options, and better control over recurring plans.
Today, we’re excited to announce an upcoming update to Fundraise Up’s Recurring Giving feature that enhances the way recurring plans are started and how they are managed. Take a look at what’s coming soon to our online fundraising platform.
Save money 💰
Stripe recently introduced a 0.5% fee for subscription-style transactions like recurring donations. We’re engineering some behind-the-scenes magic to mitigate this fee and boost the value of recurring donations for all of our customers.
More options 🗓
Your donors have always had the ability to give monthly using Fundraise Up, but later this year, your donors will have the ability to select new donation frequencies like weekly, quarterly, and annually. Donors will now also be able to specify a start date for their recurring plans.
In addition to new frequencies for recurring plans, we’re also expanding the payment methods available for recurring plans to include PayPal, which was previously only available for one-time donations.
Better control 🎛
With the new enhancements to recurring plans, you’ll now have control over how Fundraise Up handles failed charges on installments for recurring donations. A new Recurring Plans option allows you to set a static retry schedule for failed charges or opt to leverage Fundraise Up’s machine learning algorithm to set an optimized retry schedule.
Coming soon 🤩
The enhancements to recurring plans are coming soon, but setting the retry schedule for Recurring Plans can be done today and will take effect in mid-January, 2021. Stay tuned — we’ll keep you posted as more enhancements to recurring plans become available.
Stream Uncharitable free!
Nelly is a Product Marketing Manager at Fundraise Up with more than four years of experience working with nonprofit organizations. She specializes in go-to-market strategy, product positioning, and turning complex technology into clear, compelling stories. Through Fundraise Up’s Product Insider series, Nelly helps nonprofits stay informed about the latest fundraising innovations. She is passionate about helping nonprofits discover and adopt innovative fundraising solutions that create better donor experiences and drive meaningful impact.