Nonprofit organizations motivate society to be one with them in helping others. They persuade people to support and donate for the growth of their organization. They need them to support their mission.
As an organization needing support, it is your responsibility to enlighten your supporters. Along with that is your duty to find an easy and secure way for them to donate electronically. Particularly, during a pandemic where everyone was advised to stay at home.
PayPal enables nonprofits to do good. The donation was made easy for both organization and donor. With PayPal, everything is fast and simple.
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Why Use PayPal For Nonprofits?
PayPal provides a lot of benefits using its services to raise money for nonprofits.
Establishing a donation button for accepting online payments is quick and easy. It does not need any complicated steps to set this up.
Donations online are made easy for both one-time and recurring payments. These are all effortless with a donation button built in your website.
PayPal is also a great choice for merchandise selling using customized carts.
Using PayPal for your nonprofit promotes safety for your supporters. They will not need to share their financial information. Also, you can maximize your time from processing money paper checks.
All these PayPal facilitates.
How Much Does PayPal Cost?
PayPal does not cost you a fortune. In fact, they offer discounts for the payment processing fee from the payment that you accept. This is available for registered 501(c)(3) organizations. These organizations are tax-exempt organizations. They have been certified by the Internal Revenue Services. Any qualifying organizations will only pay 2.2% + $0.30 per transaction.
If you are not a qualified 501(c)(3) nonprofit organization yet, you will have to pay the standard processing fee. PayPal’s standard per-transaction processing fee is 2.9% + $0.30.
Track Your Income And Enhance Your Auditing
Make the most out of your PayPal account. PayPal provides detailed data for all the related transactions of your PayPal account. These reports are available for annual and monthly financial summaries. This also calculates your monthly sales report and the total processing fee history. As well as transaction history, customer agreement details, and many more.
All this data is secured and accessible anytime. Regardless of how long since it had been transacted.
Is PayPal Right For Your Nonprofit?
Given these benefits, PayPal is the absolute solution for all those needs out there. PayPal is further capable of powering your nonprofit organization. Accordingly, PayPal is a great option for a safe and secure payment transaction.
For more information and resources about nonprofits, visit Nonprofit Websites. We would love to help you.