All donations are processed at our lower donation rates. But If you would like to receive the lowest ( 4% vs 4.8%) processing fee for donations, then you should consider upgrading your payment account to Advanced Payment!
You can see what type of payment account you have by navigating to Profile -> Payment Accounts. For more information, see here.
The Advanced Payment account is a newer option for us and offers the following features (Not available on a Quick Start account):
1) More detailed financial reporting
2) Lower donation fees for charities of only 4%
3) A longer descriptor field which helps reduce the incidence of chargebacks
4) Quicker settlement and payment of American Express transactions (daily versus 2 to 3 days under Quick Start)
5) Less delay on weekly payments (settlements through Monday instead of the previous Friday)
6) Direct deposit payments available as monthly, weekly or daily; check payments available weekly only.
If you would like to upgrade to an Advanced Payment account, go to your Race Dashboard and navigate to Financial -> Payment Setup -> Set Up a New Account (Make sure to check Advanced Payment). For assistance, contact firstname.lastname@example.org.