Donation Platforms

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Subsplash

Payment ProcessingPayPal

Take advantage of Paypal’s reduced transaction rates for nonprofits

The Paypal nonprofit discount on its transaction rate means direct savings for registered 501(c)(3) organizations. Many nonprofits use Paypal to collect donations and payments through their website. However, most donors and customers (read: advocates) don’t take the processing fee into account. Perhaps they believe that it’s a cost of business reserved for the for-profit world, which makes it inevitable your nonprofit absorbs the fees while businesses pass them on to customers. Paypal’s nonprofit rate, if you request it, is 2.2% for registered nonprofits vs. 2.9% for businesses.  That 0.7% can lead to thousands of dollars in savings for your programs.

Paypal is one of the safest methods for online transactions. It’s highly convenient for nonprofits by allowing a donate button directly on your website. It’s also relatively easy for donors and customers to check out, whether or not they have a Paypal account themselves.

How to access the nonprofit discount from Paypal

  • PayPal offers approved nonprofits a reduced transaction rate of 2.2% vs the normal rate of 2.9% for businesses.

  • Go directly to Paypal’s website to apply for the discount. You’ll need to provide documentation verifying your 501(c)(3) status.

 

 PayPal

Payment ProcessingPayPal

Take advantage of Paypal’s reduced transaction rates for nonprofits

The Paypal nonprofit discount on its transaction rate means direct savings for registered 501(c)(3) organizations. Many nonprofits use Paypal to collect donations and payments through their website. However, most donors and customers (read: advocates) don’t take the processing fee into account. Perhaps they believe that it’s a cost of business reserved for the for-profit world, which makes it inevitable your nonprofit absorbs the fees while businesses pass them on to customers. Paypal’s nonprofit rate, if you request it, is 2.2% for registered nonprofits vs. 2.9% for businesses.  That 0.7% can lead to thousands of dollars in savings for your programs.

Paypal is one of the safest methods for online transactions. It’s highly convenient for nonprofits by allowing a donate button directly on your website. It’s also relatively easy for donors and customers to check out, whether or not they have a Paypal account themselves.

How to access the nonprofit discount from Paypal

  • PayPal offers approved nonprofits a reduced transaction rate of 2.2% vs the normal rate of 2.9% for businesses.

  • Go directly to Paypal’s website to apply for the discount. You’ll need to provide documentation verifying your 501(c)(3) status.