PayPal is considered to be one of the most popular and universally accepted internet payment merchant that has a solid reputation of being absolutely secured and relatively easier. PayPal is expected to be having more than 100 million account holders worldwide. It is also widely used as a payment system for the eBay auctions.
Another feature that PayPal comes with includes the presence of PayPal donations which is widely considered to be a solution that enables non-profit organizations to collect donations from their own web sites or from a link in their corresponding e-mail newsletters. Let’s take a close look at the methods of raising funds using PayPal.
The methods for raising funds using PayPal is as follows:
Set up a donation button on your corresponding website.
Give a brief description regarding the usage of the donations that will encourage the users to click the donate button.
The buttons can be even arranged in the incremental order as far as the dollar amounts are concerned which enables the users to select the donation amount that they can afford to donate to the non-profit organizations.
Another method is the implementation of subscriptions which will allow an option to pay a little amount on a monthly basis.
Once the donation button is clicked, users will be promoted to enter information.
The contact information is entered on the PayPal’s secure website.
The credit card information is also entered on the PayPal’s secure website in order to eliminate any kind of potential problems.
The users will be able to see Thank You page once the process is completed which makes it very easy as well as secure.
The credit card that is used can be from VISA, Master Card as well as American Express or it can also be Discover.
It’s not necessary that the supporters should have a PayPal account for donation to non-profit organization.
If the supporter has a PayPal account, then the money can be transferred from the PayPal account or the bank account.
The confirmation steps of your payment are as follows:
PayPal will send an e-mail explaining the amount as well as the individual details about the individual who sent the donation.
E-mail receipt is provided by PayPal that can act as a proof of donation for the tax purposes.
It provides full-proof method for tracking donations.
Detailed transaction records are maintained on the website that can be accessed around the clock.
Some of the path breaking advantages of using PayPal are:
No application fees.
No monthly fees involved.
No transaction fees.
No set up fees.
No expensive card machine as well as no expensive software that is needed to be bought.
Eliminates the need for spending money for technical requirements like web certificates as well as credit card merchant accounts.