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PayPal: 1.4% + 30p (GBP) The fees are not standard, they are more than DOUBLE what PayPal charge registered non-profits. https://www.paypal.com/uk/charity/ ht
by buro9 12y ago
PayPal: 1.4% + 30p (GBP)
The fees are not standard, they are more than DOUBLE what PayPal charge registered non-profits.
https://www.paypal.com/uk/charity/ https://www.paypal.com/uk/charity/
I run a UK CASC (Community Amateur Sports Club) which is registered as a non-profit with HMRC and whose articles of association with Companies House require us to be structured in such a way that we are a non-profit (obligations to invest all profits in the promotion of sport).
Even as this type of entity we are eligible and receive the PayPal charity rates.
The donations by Tilt may work for groups that are not actually legal non-profit entities, but for any group that is a non-profit the fees are excessively high.
The reality is, our donations and contributions are usually fairly predictable. So we work to maximise how much we get from that revenue, by choosing the lowest fees and claiming back Gift Aid (CASCs can do this).
PayPal works really well for us, and with the fees being half what competitors offer I'm not even looking to change.
- IkmoIkmo 12y agoI was referring to basic payment processing, where the standard is 2.9% + 30c, not special rates for non-profits (which are sometimes as low as 0%). There is no real standard fee for non-profits, it varies between the normal fee, a discount fee (as you have) or no fee at all.