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Razoo is crowdfunding for causes. It's a website that allows people to donate, raise funds, and collaborate toward good causes. From multi-million dollar organizations to small community groups, Razoo makes online fundraising easy, fun, and engaging for nonprofits and individuals. It is based in Washington, DC and has an A+ rating with the BBB.
Since it was launched in 2006, Razoo has helped create over 150,000 fundraising websites and give over $450 million to charities and causes throughout the world. A Razoo is an Australian coin of little value. The message is that many Razoos can get things done when combined.
How Does Razoo Work?
Anyone anywhere can set up a free fundraiser on Razoo and raise money for nonprofits they support. Once you set up a goal and a purpose, it's up to you to spread the word and promote your cause. The Razoo Foundation disburses the donated funds to the nonprofit, helping them continue to serve their community.
Every registered nonprofit already has a Razoo page. Once they claim their page, organizations instantly have a year-round fundraising portal and can create campaigns. Razoo's easy-to-use Team Fundraising features offer businesses a simple, one-stop solution for employee giving and charitable programs.
How Much Does Razoo Charge in Fees and Commissions?
There are three types of fundraiser with Razoo: charitable fundraiser, charitable team fundraiser and personal fundraiser. The charitable fundraiser and the charitable team fundraiser types allow for tax-deductible donations, while the personal fundraiser doesn't.
The charitable fundraisers have a 4.9% platform fee and a 2% to 2.9% plus 30 cents fee on credit card contributions.
The personal fundraiser has a flat 7.9% processing fee.
How Is Razoo Better than Other Crowdfunding Companies?
- Razoo has been in the business of crowdfunding since 2006
- It has helped raise over $450 million for causes all over the world
- Donors can claim tax-deductible donations
- Fees are low when compared to other crowdfunding websites and there is no subscription fee to pay