Virgin Money covers its not-for-profit fundraising platform’s 2% ‘platform fee’ until the end of lockdown

Virgin Money UK PLC has announced it will cover the platform fee for its wholly-owned not for profit fundraising business, Virgin Money Giving (VMG), for the remainder of government lockdown. VMG will waive its platform fee on all donations and fundraising activity, including the ‘2.6 Challenge to save the UK’s charities’, from 18th April. This fee, set at 2%, covers the running costs of VMG to enable it to provide charities, fundraisers and donors with a safe and secure digital fundraising service without making any profits. By temporarily covering the…

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