Slatecard Reduces Processing Fees, Adds Direct Deposit Feature

by David All 2. August 2008 17:23

Slatecard has just made two big announcements (more information below):

  1. Slatecard's credit card processing fees have been reduced to 3.95%
  2. Beginning August 15, all donations will be transferred via direct deposit to candidates and organizations.
To utilize the new direct deposit feature, candidates and organizations should immediately download, complete, and return this application.

1. Processing Fee Reduced to 3.95%
As you know, our goal at Slatecard has always been to provide the most cost-effective online processing solution for Republican candidates and causes. To that end, we are pleased to announce that effective today, we have reduced our flat, online credit card processing fee to 3.95%.

As always, using Slatecard to exclusively process your online donations means:
  • The lowest processing fee in the industry (in some cases by as much as 6-8%).
  • No Set-up, monthly, or per transaction fees.
  • Accept Visa/MasterCard/Discover/American Express.
  • Accept monthly recurring donations.
  • Safe, secure and reliable.
  • Free tools to help empower your community to fundraise on your behalf.

2. Direct Deposit Available: Sign-Up Today

Beginning August 15, all donations to a campaign or cause will be transferred electronically to their respective checking account on a weekly basis. Download, complete and return this form to sign-up.

By eliminating paper checks, we’re reducing processing and mailing costs, ensuring 100% reliability of transferred funds (no lost checks), reducing our impact on the environment, and increasing our ability to ensure that organizations have their money as quickly as possible.

In order to make this a viable, long-term service for all candidates and causes, the organization will be charged a fee of $0.50 per electronic funds transfer. If the organization receives regular donations, it should expect to pay $2.00 total each month (four electronic funds transfers).

After August 15, we will no longer be issuing paper checks.

All Slatecard users are responsible for downloading their donor information for any relevant reporting requirements via the Slatecard TakeControl Portal. If you do not have access to this portal, please email us (team AT slatecard.com) immediately.

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