Haus des Stiftens processing

We process donations to German charities via our partner, Haus des Stiftens.

Haus des Stiftens processing

  1. Donor makes a donation to a German charity

    • If a Credit Card donation, notification text shows card will be processed in EUR with approximate value

    • If client allows matching, donor will have option to apply for a match

  2. Client is invoiced for all batch (non-CC) donations by Processing in USD and funds USD into their BBGF bank account

  3. Global Processing Analyst (PA) transfers the client’s batch funds from client BBGF account to Processing Fees account

  4. Global PA wires all batch funds in USD monthly via electronic international wire to Haus des Stiftens co-owned account

  5. Global PA confirms receipt of wire and converted EUR value

  6. Global PA upload disbursement file HdS banking site

  7. HdS team reviews and approves disbursement file; donations are processed out in EUR as SEPA transactions within 2 business days

    • Note: Credit card donations are collected and disbursed in EUR, processed out in this same disbursement approval process once a month

 

  • Donation Type: Credit card (EUR) | Credit card match, Offline match, Incentive, Cause Card, Volunteer Grant (USD)

  • Processing Currency: USD/EUR

  • Processing Cadence:

    • Partner wire batched monthly by the 15th of the month and wire sent by 20th of the month

    • Credit cards batched monthly by the 15th of the month and disbursed by the 20th of the month

    • Batch processed monthly via SEPA

  • Refunds are not possible

Fees/Charges

  • Fee Structure: Tier 1

  • Fee Coverage Options: Can be covered by client as part of Global Processing Model

  • Finance Invoices For: 4.99%