I was a long time supporter of Razoo for nonprofits until today. When we first started using them, they did not charge a transaction fee and I was told their business model was to continue doing that as a service for nonprofits. Then they started charging 2.9% which was reasonable. Today I learned they are increasing to 4.9% in April which they claim is still competitive. That’s not entirely true.
There are numerous options for nonprofits today for online giving. I was at a nonprofit tech focus group today where several solutions were mentioned: Square, Click n Pledge, Google wallet, Blue Pay, and Authorize.net. I haven’t looked into those options yet but am currently considering Paypal. Their nonprofit pricing is 2.2% + 30 cents per transaction so it’s worth considering for Razoo users looking for a less expensive solution.