Friday, January 31, 2014

Donation Button Via Paypal?

Anyone can use Donation buttons.

Yes, PayPal does have some conflicting info out there. The main difference is being a 501(c)(3) registered nonprofit or not.  If not, you pay the standard processing fees, 2.9% plus $.30 per transaction, if a 501(c)(3) registered nonprofit, you can get approved for a lesser fee.  One note is that the tax laws have changed. The funds you receive are reported to the IRS as earned income, (anything over $600 for 1099 forms) regardless if you're an individual or a business. 

Basically all you need is either a Premier or Business Account and make sure that your account is verified, meaning you have linked and confirmed both a bank account and credit card.  You can then setup your item button code and do as you like.