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Donna
We are a non profit and I’m wondering..
AmandaConsidering that you would most likely not get nearly as many donations if you didn’t take card/PayPal/Venmo I think the best thing to do is take the fees on the chin and make it easy as possible to accept donations.
EllenI’m seeing there is a fee to receive funds on PayPal.
HollieCheck with banks I’m your area and ask if they have a CC processor that would reduce/ waive fees since you are non profit.
MichelleYou can add the option for people to cover the fees when you set up your donation page. I work representing several non profits, that is what they do.
AprilSince you are a non profit you should sign up as a charitable organization people can donate a percent of their purchase for you to receive.
I was a sponsor for one in my selling and the extra money helped them. I know this isn’t what you specifically asked but it does have to do with receiving funds.
SarahBusiness owner here, so as far as venmo and PayPal they do charge fees for business use. A non profit could be different and you might need to do some research on it. So far zelle, or cash app are fee free. If you get caught using a personal account on venmo or PayPal for business you will be in a world of trouble.
They will freeze your money, and more then likely not release it to you on top of adding all the past fees you were trying to avoid then ban you from using the platform again. A girl I worked with did this and got caught. They also added on a $5,000 violation fine or something like that.
I would definitely dig deeper and see if non profits are different though. Also, fb pay is still free for now.
KaylaFacebook doesn’t charge fees. The unfortunate part is that you don’t get access to a lot of donor information unless they give it, but it’s super simple to donate. Most donation platforms will give the option for the donor to cover the processing fee in their transaction and in my experience, many of them do.
Also, we were told by our accountant that we shouldn’t use Venmo. PayPal is OK. I think they have a charity platform built in whereas Venmo doesn’t, so PayPal has already vetted you as a 501(c)3 when somebody goes to make a donation. Same with Facebook. My understanding is that Zelle, cashapp, and Venmo do not.
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