Re: Paypal
Posted: Sat Feb 05, 2011 7:21 am
I didn't want to hijack Nancy's thread with more information about paypal, but I can give you a good example.
I am the volunteer coordinator for a music festival with about 1,000 volunteers. Each has to pay a $50 refundable deposit, to volunteer, which is returned after they work their hours. To make it easier to receive the deposits, and reduce paperwork, paypal is accepted as deposit.
I believe the amount that is received is around $47.50 for each $50 deposit. If you multiply that by 1000, it's a significant amount of money that the festival would be "out," if volunteers didn't show up for their shifts.
Nancy or any other charitable fund would be "out" the same amount of money. Still, in our experience, the money recieved is more than would be received if waiting for checks or credit card payments, so it's worth it.
Just thought I'd throw this out, to help you understand.
I am the volunteer coordinator for a music festival with about 1,000 volunteers. Each has to pay a $50 refundable deposit, to volunteer, which is returned after they work their hours. To make it easier to receive the deposits, and reduce paperwork, paypal is accepted as deposit.
I believe the amount that is received is around $47.50 for each $50 deposit. If you multiply that by 1000, it's a significant amount of money that the festival would be "out," if volunteers didn't show up for their shifts.
Nancy or any other charitable fund would be "out" the same amount of money. Still, in our experience, the money recieved is more than would be received if waiting for checks or credit card payments, so it's worth it.
Just thought I'd throw this out, to help you understand.