PayPal Alternative for Nonprofits
Have We Outgrown PayPal?
PayPal for Nonprofits is a good option for small organizations. With no monthly fee and processing rate of 2.2%+.30 per transaction, it works for organizations getting started with online giving. However, just like the day when you outgrew your trusty tricycle, most nonprofits will outgrow PayPal and miss out on donations. Here are a few indicators that you're ready to look for a PayPal alternative for nonprofits:
A branded donation form will pay for itself. Donors stay emotionally connected and those warm fuzzies translate into more clicks on your Donate button. One of our clients averaged $1,000 in six weeks with PayPal. After switching to our solution they received $34,000 in six weeks. It is good to keep in mind free does not always mean a better deal.
Monthly giving programs are the bread and butter of online giving. Monthly donors give 42% more during the course of a year than one-time donors and their average gift is $52 each month.* These donors are commited to your cause. They will likely be volunteers and the ones you turn to when you are ready to implement a walk or run or a special fundraising campaign. A monthly giving program can be fully automated. In addition to providing a receipt and email for donors, a robust online giving platform will allows donors to login and manage donations and update credit card information.
PayPal for Nonprofits does not have built in receipting for tax purposes. You will still need to print off and mail (or email) the receipt. A custom solution automatically provides an online receipt as well as a thank you email. You can also collect email addresses and have them sync directly to your email marketing provider like Constant Contact or Mail Chimp. Staff time is valuable for nonprofits of all sizes -- but especially for smaller organizations whose team often wears many hats.
Take control of your online giving and try CharityWeb. If you solely use PayPal for Nonprofits, you can take advantage of our PayPal Switch Guarantee: if you do not raise more in 6 months with CharityWeb than your last six months with PayPal, we will refund our fees.
*Source - Network for Good