Should You Use PayPal for Your Church’s Online Gifts?
PayPal is a well-known platform trusted by many for managing online financial transactions. With its low barrier to entry, choosing PayPal for your...
When churches wonder about using PayPal for their online gifts, one of their concerns is PayPal’s donation transaction fees. That’s a legitimate concern, so let’s take a look.
It turns out there may be more to PayPal than meets the eye.
Transaction fees constantly fluctuate, but here is a brief summary of PayPal’s donation transaction fees as of this date. These rates applies to domestic donations only; international donations rates vary. You can find an extensive breakdown of PayPal’s merchant fees here. But these are the two most likely to relate to your church:
A donation is defined as a gift, not a purchase or the cost of a service.
PayPal’s donation rate is currently 2.89% of the gift, plus a fixed fee of $0.49 USD per transaction.
PayPal also offers charity donation transaction rates. These rates are subject to application and pre-approval by PayPal. If you can verify that your church is a legitimate 501(c)3, you can secure lower transaction pricing.
PayPal’s charity donation rate is currently 1.50% of the gift, plus a fixed fee of $0.49 USD per transaction.
This may sound good. But keep in mind that online giving solutions for churches have much more to offer your staff and givers. Possibly even for a competitive price.
PayPal can seem attractive because it’s easy to get started and seems inexpensive. It’s also secure and private. But consider these reasons to avoid PayPal as a church online giving solution:
Is the lure of PayPal that it is simple and affordable? If so, we invite you to consider an alternative that actually simplifies giving for you – affordably.
“Simple software” has a nice ring. But the reality is that online giving is not a simple process. So a solution that bills itself as simple can ultimately create a lot of complexities for givers and finance teams. No matter how affordable it is.
What if the answer lies, surprisingly, in a comprehensive contributions and donor giving solution with:
What if this system streamlines the entire process of giving from start to finish? What if it integrates seamlessly with your accounting software and ChMS?
PayPal can never be this for churches. But Vision2 can…and does.
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