Monthly giving programs are increasing in popularity with nonprofits because they're a predictable, effective method to consistent donation growth. Donors love them because they can give more without busting their wallets.
The average monthly donor gives $656 annually vs. a one time donor that gives $128.
Monthly giving grew by over 40% in 2018
45% of donors today are enrolled in a monthly giving program
Source: NP Source
Donors can set up their recurring donation with a 1-2-click on your website. Need to set it up for them? Create a subscription right inside the platform.
Access subscription and donor data in one place. Easily find what you’re looking for and create reports to track your progress.
Provide exceptional support to your donors when you update their recurring dates, amounts, allocations, and even payment methods for them.
30% of credit cards expire each year1, which means you're probably experiencing a lot of unintentional donor churn. Funraise retention tools are built to solve this problem for you.
1Source: Agile Payments
When an existing donor receives a new credit card, Funraise can update their subscription to recognize the new card automatically.
Simple reporting allows you to proactively contact donors with upcoming credit card expiration dates to ensure that their donation payment is seamless, as always.
When a recurring donation fails, donors receive an automated email with a link so that they can update their payment method in less than a minute.
Set up automated reminder emails so that your donors update their expiring card before they miss a donation.
Use a prebuilt, automated email campaign designed to nudge donors toward updating expiring credit cards is the best way to never miss a donation.