Neither CryptoZakat or our primary partner Every.org charge any fees or surcharges. When you donate using payment links, your donation is processed using Coinbase Commerce, which charges a flat 1% fee to liquidate your donation into US dollars. Every.org sends you a donation receipt for the US dollar value at the time of transaction and will generate a USD grant for the organization you chose to donate to. If the organization has claimed their profile on every.org and connected their banking via Stripe, they will be able to retrieve their grant on-demand, minus the aforementioned 1% Coinbase Commerce processing fee.
For organizations that have not claimed their profile, Every.org relies on NetworkForGood to generate and mail a physical check to their registered address. Unfortunately, NetworkForGood takes a 2.25% fee for providing this service. At the end of the month, Every.org sends the total dollar amount of donations a charity has received to NetworkForGood, which then mails a check to the nonprofit’s address on file on the 15th of the month. If you know an administrator at the charity you have donated to, please encourage them to claim their profile on Every.org.
If they need any assistance claiming their profile on Every.org they can reach out to us at firstname.lastname@example.org. In most situations, the entire process can be completed in 2 business days or less.
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DISCLAIMER: CryptoZakat’s tools utilize API data from third party sources that can be prone to market volatility, which may cause divergence from the reported price of an asset while utilizing the tool and the price a donation is executed at. Cryptozakat’s price quotes should not be used when completing official tax documents. The tools and resources on CryptoZakat.io are for educational and informational purposes only and are not intended to constitute, and should not be relied on for, tax, legal or accounting advice. Some donations may require qualified appraisals in order to be granted tax exemption from the IRS. Optimal tax strategies can vary greatly from person to person and we strongly encourage users to seek qualified guidance from a certified professional accountant or registered tax lawyer.
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