BP 11122023 129pm - Flipbook - Page 151
Venmo Charity Profile Overview
The purpose of this document is to provide a brief overview of the charity
profile offered by Venmo. Given how quickly technology changes, some of these
points may be outdated since it was drafted in April 2023.
Venmo is a popular payment processing app that some parishes, missions and
campus centers, schools (organization) are choosing to offer as a payment
processing option. The Archdiocese’s finance department will not provide
support for Venmo since it is not on the recommended vendor list.
In spite of the cautions of using Venmo, positive feedback from those groups
using Venmo primarily are about ease of use, increasing the chance of more
people participating and/or donating, and reaching a population that may not
be participating or donating at all.
Currently, Venmo has the following three options:
1) Charity Profile - As of September 1, 2022, Venmo offers charity profiles
for non-profit organizations (501c3) that have created an account and
confirmed their charity status with the parent company, PayPal. By
confirming the entity’s charity status with PayPal, the entity gains the
ability to create a charity profile on Venmo.
For more details go to: https://help.venmo.com/hc/enus/articles/6678084998291-Charity-Profile-FAQ.
Details on how to register can be found in Appendix A.
Benefits of a Venmo Charity Profile:
•
•
•
•
•
•
•
•
Account is not linked to an individual
A blue checkmark badge shows donors that the charity is verified
Increased visibility on Venmo with enhanced and shareable posts from
donors
Donation history and account statements, complete with donor contact
information, is provided
Photo gallery to help tell the charity’s story
QR code and QR Kits for collecting touch-free donations in person
Automatic entry into PayPal’s giving fund:
https://www.paypal.com/us/webapps/mpp/givingfund/home
Charity profiles have a higher weekly rolling limit for bank transfers. This
limit has two parts:
151
