# Virgin Money waives platform fee for remainder of lockdown

- Link: https://fundraising.co.uk/2020/04/20/virgin-money-waives-platform-fee-for-remainder-of-lockdown/
- Published: 2020-04-20T09:57:34+01:00
- Author: Melanie May

**Virgin Money Giving’s 2% platform fee will be waived until lockdown is over, it
has announced.**

 

[Virgin Money Giving](https://uk.virginmoneygiving.com/giving/) is waiving its platform
fee on all donations and fundraising activity, including [the new 2.6 Challenge](https://fundraising.co.uk/2020/04/16/mass-participation-event-organisers-unite-for-uk-charities-2-6-challenge/),
as of 18 April. The fee is charged to cover its running costs but is being covered
temporarily to help people’s money stretch even further in support of charities 
during the crisis.

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It means that with Virgin Money Giving’s ‘Donor Covers Fee’, which gives donors 
the option to cover both the 2% platform fee on behalf of their charity and the 
2.5% payment processing fee, the 2% platform fee will be removed with donors still
given the option to cover the 2.5% payment processing fee.

 

David Duffy, CEO said:

 

> “With many charities seeing a large drop in their fundraising contributions during
> lockdown, we want to make it that little bit easier for all the generous donors,
> fundraisers and the charities they support.
> “We believe that a not-for-profit model is the only way for a digital fundraising
> platform like VMG to ensure as much money as possible goes to good causes while
> maintaining a safe, secure and user-friendly service. But in this extraordinary
> and challenging time we wanted to do more to support the generosity of the public
> and our beloved charities. By covering VMG’s small platform fee for the rest of
> lockdown, we hope to help charities raise much needed funds to continue their 
> valuable work during the worst of this pandemic.”

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