Paypal accounts and non-profits

Our system works best with a Paypal Business Account. There is no charge for setting up a Paypal Business Account. When setting up your account you’ll want to choose Website Payments Standard which allows users to pay with a credit card without establishing their own Paypal account. It also allows the added benefit of paying with a Paypal account if they so desire. There is no credit application, no setup fees and no montly fees required for setup and it only takes a couple days to get everything approved and ready to go. Paypal will need to verify your account before it’s active but it’s not a lengthy process.

For non-profits, make sure that you choose non-profit as the business type. You’ll need to submit your organization’s tax letter and bank statement proving nonprofit status. The benefit to doing this is that you’ll get a better rate as shown below!

Non-profit fees: (As of January 2010)

More than $100,000 in monthly volume: 1.9% + $.30 per transaction
Less than $100,000 in monthly volume: 2.2% + $.30 per transaction

Standard fees: (As of January 2010)

$0 to $3,000     2.9% + $0.30     $3.20 fee on a $100 sale
$3,000+ to $10,000     2.5% + $0.30*     $2.80 fee on a $100 sale
$10,000+     2.2% + $0.30*     $2.50 fee on a $100 sale
$200,000+     Call 1-888-818-3928

Click here to sign-up for a Paypal Business Accocunt

Click here for more information about Paypal and Non-profits