• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Sozo Fire

A Hot Spot of Knowledge

  • Home
  • Topics
    • Business
    • Construction
    • Family
    • Health
    • Swimming Pools
    • Technology
  • Ask a Question
  • Contact Us

E-Giving: Funds & Fees Information for Ministries

September 12, 2011 By Sozo Staff Leave a Comment

The stewardship solutions available through Egiving.com have two major aspects: recurring electronic giving solutions and online giving options. Unlike many systems, ours embraces both applications. We also have a continually evolving list of up-and-coming applications in the works. Some of the most frequently asked questions we encounter include those about the exact route and timing of the fund transfers empowered by Egiving.com and the fee structure we embrace.

Movement of Funds

It may help you to know exactly what happens during the process we use to move your money from your ministry partners’ accounts to your ministry. Perhaps you’ve used electronic banking services, on a personal level, and you’ve wondered what exactly takes place when money moves from Point A to Point B. Well, no two systems are exactly alike, but ours typically takes 4 days.

1. On the the same day funds are keyed in by your organization or processed by a giver online, the associated files are received by Egiving.com. They are then encrypted immediately and sent through API to the appropriate processor. Credit or debit card authorization feedback is then relayed to both the giver and your ministry’s account records. In addition, you receive cc-able gift notification e-mails, and the giver is sent a receipt.
2. On the following day, credit and debit cards are routed to the appropriate processors, while checking account transactions are routed through the American Christian Credit Union and then sent on to the Federal Reserve.
3. On the third day, the giver’s bank account is debited for the specified amount, and reporting is relayed to your ministry’s account in Egiving.com by our processor.
4. By the fourth day, all proceeds from the collection are deposited into your ministry’s bank account, and our processor debits the appropriate fees from your account.

Of course, this day-to-day sequence represents an average flow; some high-volume clients may be able to request abbreviated processing times on an individual basis.

Makeup of Fees

Since Egiving.com is a ministry, we aren’t out to make money; however, we do need funds to maintain our partnerships and pay our staff. Our founder, George Eusterman, directs the organization on a purely volunteer basis, offering his expertise gleaned from his years pioneering the use of EFTs within the health club industry.

For setup, customization, and training, we currently (Sept 2011) charge a nominal amount of $100 for a para-church ministry or $200 for a church. An ongoing monthly fee of $30 covers support for your interface, ACH and credit card gateways and professional support. In addition, there is a $0.25 per transaction fee, and additional credit and debit card merchant fees apply. Each credit card company determines its own fees; averages are between 2.1% and 2.2%. (Because of the additional feels involved in credit card transactions, we recommend ACH, or checking account payments, as the preferred stewardship method to recommend to your supporters.)

If you have further questions about our fund transfer pathways or our fee schedules, feel free to fill out the contact form on our website or call the number listed at Egiving.com.

Filed Under: Fiery Thoughts

Additional Articles

Teen Victims of Texting Behind the Wheel

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

two + seven =



Primary Sidebar

Lyon Financial

Popular Posts

  • Berg Furniture Children’s Furniture Lines: Options and Space Savings, Galore
  • Dream Furniture for Your Child, Part 2
  • Tropical Decking and Ipe Alternatives
  • Dream Furniture for Your Child, Part 1
  • Benefits of Going on a Mission Trip
  • Why Walnut Gets Special Treatment, Part 2
  • Business Flash Drives
  • Septic System Pumping in the Charlotte, NC Area
  • Custom Wire Oven Racks by Three M Tool for Bakeries
X10 Home Automation

Recent Posts

  • Setting Up Your X10 System: Beginner’s Guide to Home Automation
  • Options for Home Automation: What Makes X10 Different?
  • Benefits of Aquatic Exercises, Part 2
  • Benefits of Aquatic Exercises, Part 1
  • Black Algae in Your Pool? Here’s What to Do, Part 2
  • Black Algae in Your Pool? Here’s What to Do, Part 1
  • How the X10 HUB Advances Already Incredible Technology
  • What Makes X10 Home Security Systems Unique
  • Should You Think About a Pool & Hot Tub Combination?
  • Drowning Prevention in Swimming Pools
Lyon Financial

Recent Comments

  • Alice Carroll on Pool Choices: Pool Fences
  • Zachary Tomlinson on Swimming Pool Cover Advantages
  • Hannah on X10 GSM Home Security Systems
  • Michael Cobb on X10 GSM Home Security Systems

Copyright © 2023 Sozo Firm Inc · Privacy Policy · Disclaimer · Sitemap