What percentage does PayPal take for nonprofits?
2.2%
What is PayPal’s nonprofit pricing? PayPal offers a discounted transaction fee of 2.2% + $0.30 per domestic transaction to eligible 501(c)(3) organizations and maintains a 2.9% + $0.30 per transaction fee for all other organizations. All nonprofits must apply to be considered for the discounted fee.
Can you use PayPal for fundraising?
PayPal empowers nonprofits to do good. We’re committed to using the power of our technology and network to boost nonprofit fundraising. With tools for organizations of every size, we’ll help you find the best way to connect with donors–anywhere, anytime. Talk to an account specialist to get started, 1-855-477-5679.
How much does PayPal take from donations?
The standard rate for PayPal processing fees is 2.9% and $0.30 per donation. Eligible nonprofit organizations can apply to receive the discounted nonprofit fee of 2.2% and $0.30 per donation.
What percentage does GoFundMe keep?
Yes. GoFundMe is a for-profit company. On fundraisers for individuals or businesses it charges a 2.9% payment-processing fee on each donation, along with 30 cents for every donation. That means if a campaign raised $1,000 through 10 donations of $100 each, GoFundMe would collect about $32.
Does GoFundMe charge a fee?
Although GoFundMe does not have a platform fee for organizers in the US, Canada, Australia, UK, and most major European countries, transaction fees (including debit and credit charges) apply to all fundraisers and are deducted from each donation when made.
Does PayPal waive fees for non profits?
PayPal offers discounted transaction rates for confirmed 501(c)(3) charities for most products, with no setup, statement, withdrawal, or cancellation fees.
What percentage is PayPal fees?
2.9%
The current fees for PayPal Payments Pro are 2.9% + $0.30 per transaction for US transactions. For international transactions, they’re 4.4% + a fixed fee. The fixed fee differs between locations, like the standard transaction fees above. There’s a different fee structure for Virtual Terminal transactions.