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PayPal is an online payment platform that allows individuals and businesses to send and receive money electronically. It is a secure and convenient way to make transactions without sharing your financial information.
Yes, PayPal offers a feature called "Donate" button that allows you to collect donations for a cause or fundraiser. You can customize the button with your fundraiser's name and description, and donors can choose to donate using their PayPal account or credit/debit card.
To set up a PayPal account for your fundraiser, go to the PayPal website and click on "Sign Up" at the top of the page. Follow the instructions to create a business account. Once your account is set up, you can create a "Donate" button and add it to your fundraiser's website or social media pages.
Yes, PayPal charges a processing fee of 2.9% + $0.30 for every transaction. However, if you are a registered non-profit organization, you may be eligible for discounted fees.
To withdraw the funds collected through PayPal, log in to your account and click on "Withdraw" under your balance. You can transfer the funds to your bank account or request a check to be mailed to you. It usually takes 3-5 business days for the funds to be available in your bank account.