But Buckworm is NOT a nonprofit! So how do we keep the lights on?
When a user makes a donation or purchases a product directly from a school or nonprofit, we charge a very small fee ( 3% ). In order to process the payments, the Payment Processor (not Buckworm) charges additional fees (see below).
Most of our revenue comes through our proprietary Shop-Save-Give technology. This is where users can save money and easily shop for great deals. Users get 100% of the savings and the seller compensates Buckworm.
Remember! When Buckworm users save money and make purchases at local restaurants or any local or online merchants appearing on the Buckworm website or mobile app, users receive 100% of the savings, fundraisers get funded, and Buckworm DOES NOT charge any processing fees!
Buckworm offers the ability for the donor or purchaser to include the above processing fees in their donation or purchase amount. By doing so the Cause will receive 100% of the purchase amount or donation!