Donations on Facebook to US-based charitable organizations aren't currently assessed a fee by Facebook. Keep in mind that a small fee may be applied by a third-party payment processor. This fee waiver also doesn't cover donations that are made off of Facebook.
For donations made to personal cause fundraisers in the United States, 6.9% + $.30 of the donation goes to payment processing fees, fundraiser vetting and fraud prevention.
If a donation is made to a Facebook fundraiser that's linked to a campaign on a nonprofit's website, the fees charged depend on the nonprofit's payment processor.
To qualify for Facebook fundraising and donation tools, a charitable organization will be required to meet the following criteria:
· U.S.-based charities must be a 501(c)(3) organization, registered with the IRS, have a tax ID number and have a bank account registered with a licensed financial services institution.
A charitable organization will also be required to provide the following information during the sign-up process for Facebook payments:
If the charitable organization isn't registered with Facebook Payments, any donations received are distributed through the Network for Good's Donor Advised Fund. If the nonprofit is registered with the Network for Good, the funds are sent by electronic transfer. If the nonprofit isn't registered with the Network for Good, a check is mailed to the organization. Donations are usually distributed a month and a half after the last date of the month in which the donations were made. For example, a donation made in January will be sent to the nonprofit on March 15.