Skip to main content

Increase the weekly grant payout minimum

How to reduce the exchange rate charge proportion on the weekly grant payment

Laira avatar
Written by Laira
Updated over 10 months ago

If you, as a nonprofit, have asked for donations to be credited to your account in a currency different to US Dollars, then sometimes exchange rates can eat into the weekly $50 default we use as the minimum amount we credit to your bank account.

For example, if the exchange fee has a flat rate charge of $8, then that's already 16% of the total gone.

So you can increase the minimum grant donation to whatever you wish, say $250, so that the exchange fees are a smaller proportion of the amount.

Now, an $8 flat charge would only be 3.2% of the total

Here's how (53 sec video)

Did this answer your question?