Let’s go through some of the other downsides of using a PayPal nonprofit account: Read our article on how to avoid merchant account holds, freezes, and terminations to learn how to minimize the risk of this happening. However, individual transactions are more heavily scrutinized when processed by a PSP, which increases the risk that an innocent transaction might trigger an account hold. With third-party processors, the signup and approval process is quicker and easier than that of a traditional merchant account provider. One major factor you’ll have to keep in mind is that PayPal is a third-party processor (also known as a Payment Service Provider or PSP). Disadvantages Of Using PayPal For Nonprofits However, PayPal is far from a perfect processor. PayPal’s universal brand recognition and charity-friendly fundraising features make it a solid processing choice for most nonprofits. Integrate your PayPal nonprofit account with countless third-party apps to facilitate charity events, such as auctions, fundraising galas, annual retreats, trivia tournaments, etc. Sell branded products and fundraiser merchandise online on your website using a customizable cart.Want to accept donations in person? Maybe even sell nonprofit-related merchandise in person? PayPal facilitates this as well.PayPal’s donation buttons are mobile-friendly, making it easy to accept donations from mobile internet users.Accepting donations online - whether one-time or recurring - is incredibly easy once you have your Donate button set up.Setting up PayPal nonprofit donation buttons to accept online payments is a swift and easy process.Let’s now go through these other advantages: PayPal gives nonprofit organizations many other reasons to use its services to raise money. Read our guide to registering your organization as a 501(c)(3) nonprofit if you’d like some assistance with this process.īeyond the discounted PayPal processing rate, keep in mind that PayPal’s universally recognized and widely trusted brand can be a reassuring factor to donors when they consider the trustworthiness of your organization and the security of their transactions. Once PayPal verifies your organization’s 501(c)(3) status and confirms your nonprofit PayPal account, you’ll qualify for a special donation processing rate. The main benefit PayPal offers registered nonprofits is discounted processing rates for donations. Should You Get A PayPal Nonprofit Account?.Alternatives To PayPal For Nonprofit Organizations.Track Your PayPal Donations & Improve Your Bookkeeping.Sell Merchandise With PayPal's Mobile POS.Use PayPal To Accept Donations In Person.How To Use Your PayPal Nonprofit Account To Maximize Donations.How To Set Up A Nonprofit PayPal Account.Fees & Rates For A PayPal Nonprofit Account.
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