Quote:
Originally Posted by AgataSays
Hey-
we are set up as a non-profit organization- and you need you tax number to do so. However, you can also just put in your personal SS and set it up as well. PayPal takes a 5% off of all payments/donations, but it's worth it to have a system that everyone's comfortable using.
Good luck, let me know if you have more questions 
-Agata |
We recently set up a Donation button on MOE's website to accept Paypal. We registered as a nonprofit corporation (which we are) and only had to submit our EIN with assorted paperwork.
Before we got authorized as a nonprofit by Paypal, the amount they took was 2.9% + 30 cents/transaction. After getting authorized as a nonprofit, that dropped to 2.2% + 30 cents.
You may want to check on that 5% cut they are taking.