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We are definitely considering experimenting with a donation "tip" feature. Based on our research, the average tip on peer-to-peer giving and lending platforms i
by chaseadam17 14y ago
We are definitely considering experimenting with a donation "tip" feature. Based on our research, the average tip on peer-to-peer giving and lending platforms is about 5% of the total donation amount for a first time donation, and virtually nothing for recurring donations (people usually only tip once). It's not enough to run an organization on, but it's a great potential source of revenue to help cover some overhead costs.
- giblfiz 14y agoDon't discount it. Your numbers are about right, but that can definitely be enough to run an organization. Kiva has about 80 full time staff and about 3/4s of their funding comes from lender tips.
- chaseadam17 14y agoThis is great to know. We need to get on that feature ASAP!