In short, it doesn't matter if you know where all the bodies are buried if you can't keep your own clients out of the ground, and I'm fortunate enough to say that for more than 15 years, I've done exactly that for groups of all budget size from Qatar to Kathmandu.įor fun, I write a daily blog about the orchestra business, provide a platform for arts insiders to speak their mind, keep track of what people in this business get paid, help write a satirical cartoon about orchestra life, hack the arts, and love a good coffee drink. So yes, sometimes that work results in one or two individuals "aggressively embracing career change" but far more often than not, it reinforces and clarifies exactly what works and why. 49 per transaction for Visa, Mastercard, Discover, JCB, Diners Club, UnionPay, and American Express cards, as well as digital wallets. I understand where the trepidation comes from as a great deal of my consulting and technology provider work for arts organizations involves due diligence, separating fact from fiction, interpreting spin, as well as performance review and oversight. That executive is now a dear colleague and friend but the day that consulting contract began with her orchestra, she was convinced I was a hatchet-man brought in by the board to clean house. Organizations such as PayPal tend to take the fee out of each individual. "I hear that every time you show up to work with an orchestra, people get fired." Those were the first words out of an executive's mouth after her board chair introduced us. At the end of the month, they debit your account for the total of all processing fees. If you’re a PayPal user, I recommend you do the same. I can say that most of my Venture users utilize Stripe as their payment gateway, we do have some on PayPal and I’ve reached out to them to make sure they are aware of the impending change and make sure they consider how this will impact their net revenue. But for registered charities, PayPal offers a discounted fee of 1.99 + 0.49. One example is the GivingTuesday campaign, which the digital platform has supported since 2012. It supports more than 600,000 nonprofits with fundraising and contributes to charitable efforts across the globe. The updated rate for PayPal fees is 2.89 + 0.49 per transaction. A Trusted Brand in the Industry PayPal is an electronic commerce company that offers fast, safe, convenient payment solutions globally. PayPal offers verified charities a discounted processing rate of 2. PayPal Nonprofit Fees Updated 2023 PayPal has recently made changes to its transaction fees for business accounts. This will hit groups looking to maximize micro-donations especially hard. 30 online transaction fee for qualified nonprofits, 2. Just a quick post today to point out that even though they didn’t make much noise about it, PayPal recently announced a range of fee increases that go into effect Aug 2, 2021.įor nonprofits, the new rate includes a 63% increase to the per transaction rate ($.30 to $.49).
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