Venmo Charity Profile OverviewThe purpose of this document is to provide a brief overview of the charityprofile offered by Venmo. Given how quickly technology changes, some of thesepoints may be outdated since it was drafted in April 2023.Venmo is a popular payment processing app that some parishes, missions andcampus centers, schools (organization) are choosing to offer as a paymentprocessing option. The Archdiocese’s finance department will not providesupport for Venmo since it is not on the recommended vendor list.In spite of the cautions of using Venmo, positive feedback from those groupsusing Venmo primarily are about ease of use, increasing the chance of morepeople participating and/or donating, and reaching a population that may notbe participating or donating at all.Currently, Venmo has the following three options:1) Charity Profile - As of September 1, 2022, Venmo offers charity profilesfor non-profit organizations (501c3) that have created an account andconfirmed their charity status with the parent company, PayPal. Byconfirming the entity’s charity status with PayPal, the entity gains theability 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 individualA blue checkmark badge shows donors that the charity is verifiedIncreased visibility on Venmo with enhanced and shareable posts fromdonorsDonation history and account statements, complete with donor contactinformation, is providedPhoto gallery to help tell the charity’s storyQR code and QR Kits for collecting touch-free donations in personAutomatic entry into PayPal’s giving fund:https://www.paypal.com/us/webapps/mpp/givingfund/homeCharity profiles have a higher weekly rolling limit for bank transfers. Thislimit has two parts:151
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