Venmo For Nonprofits 2023: How To Set Up A Venmo Nonprofit Account

If you don’t have a PayPal Business account, you’ll have to create one. PayPal will ask for information related to your organization, such as the organization’s Employer Identification Number, bank account numbers, and website URL.

Read our guide to PayPal for nonprofits for a detailed breakdown of how to create a PayPal Business account specifically for nonprofit organizations.

If you already have a PayPal nonprofit account, then log into it.

Venmo nonprofit charity profile setup.

Search for Venmo in your business tools, and you’ll see the Venmo charity profiles app.

Click, “Get Started” to start creating your charity profile. You’ll be brought over to Venmo to create a new account or sign in if you already have a personal Venmo account.

New users will create a Venmo account by verifying their mobile number, filling in contact information, and creating a password.

If you already have a Venmo account, you’ll be asked to sign into it (you can have a personal and a charity “wallet” under one account).

You’ll provide information such as a profile name, description, category, and keywords to help donors find your charity profile. You’ll also provide your organization’s contact info and social media/website links you’d like to display on your profile. You can also add some photos to show people the good that your organization does.

PayPal will provide Venmo with information such as your business registration information and tax identifier during the setup process.

Finally, preview your profile; when satisfied, click “Publish.”

The most effective nonprofit fundraisers have compelling stories and specific campaign goals. These fundraisers also tell people how to donate and exactly what their money will go towards.

So, start by deciding what, specifically, you are fundraising for. Are you fundraising to meet an acute need or to advance your nonprofit’s mission? How much money does the organization need to meet this goal? What will the money go towards?

For example, an animal rescue may do an online fundraiser to cover the cost of medical care for an animal that has become ill or an event to raise money for the ongoing maintenance of the facility.

The cost of care for one animal is straightforward, and it’s easy to tell people what their money is going towards. The cost of maintaining a facility is a little harder to estimate, but it’s essential to have concrete numbers to work towards and to show people what their contributions mean.

You can do online and in-person fundraisers with Venmo since you can share a donation link online and print out a donation QR code. However, Venmo does have limitations that you have to keep in mind when deciding your campaign structure.

For example, Venmo does not make it easy for you to sell tickets to an event. You may benefit more from using event registration software or selling tickets on a dedicated website.

However, Venmo is great for taking money on an open-ended basis. You could hold an event that’s free to attend but ask for donations at that event. You might raise more money by letting people decide how much to give than if you sold fixed-price tickets!

Here are some popular fundraising campaign ideas:

• Build a social media or email fundraising campaign and ask your organization’s following to donate (and to share posts/emails about your fundraiser with their social circle)
• Partner with an influencer who cares about your cause and have them ask their followers to donate
• Create a “donate or do it” challenge (like the ASL ice bucket challenge) and share it online
• Host an online or in-person event, then ask for donations at the event
• Choose a recurring day of the week or month to take donations for a specific cause

Depending on the structure of your event, you may need to spend money on event supplies, invest in a social media partner, pay for social media advertising, etc. Decide how much money (if any), you can spend on a fundraiser, keeping in mind that the money will be worth it to get your cause in front of more interested people.

Also, decide how long your fundraiser will go on. If you’re starting a Venmo fundraiser that involves an event, choose the event date(s), plus how far in advance you want to start advertising for it. If you’re holding a fundraiser for someone/something in need, set a hard deadline on when you need to have the funds.

You need specific campaign materials such as social media posts and web pages so that:

• You have a way to spread information about your specific fundraiser (not just your organization in general)
• Donors can share information about the fundraiser
• Potential donors have an online place to go to read more about what they may be investing in
• You can post updates about how the campaign is going (e.g., how much money you have raised and how much more money you need to raise)
• You can pass out or hang print items advertising your fundraisers at relevant events/locations

Depending on the structure of your fundraiser, you may need to create a webpage about your fundraiser using a web builder such as Square Online, design social media or print marketing materials with an easy-to-use graphic design tool like Canva, email campaign software such as Mailchimp, and a social media post scheduler such as Buffer. We recommend these tools because they are all available for free or offer a great discount for nonprofits.

If you plan on raising money at an event, try to promote the event at least eight weeks in advance, depending on the size of the event. Set up an event page to monitor who is coming on your website, Facebook, Eventbrite, or another platform. Create and schedule social media advertisements, print out flyers with QR codes linking to event registration pages, and send a reminder email to participants a few days before the big event.

If you’re quickly starting a fundraiser because you need funding immediately, launch your fundraiser as soon as possible.

If you’re doing an annual fundraiser, drum up excitement before it starts.

Give regular updates to current and prospective donors throughout the timeline of your fundraiser.

Regularly let people know how much has been raised and how much your organization needs to reach its goal. It gives people an idea of what your organization still needs and helps them see exactly how they’ll help you reach your goal.

Also, if you are spending funds as you raise them (e.g., for ongoing medical care), give updates on how the money is being spent. People enjoy seeing the impact their dollars have on a good cause.

Wrap your fundraiser up, thank everyone who donated and shared information about your cause, and take the time to analyze how the campaign went to learn what you should (and shouldn’t) do for your next one.

By analyzing when people donated, what platforms people learned about your campaign from, how much the average person donated, and how close you got to your goal, you can learn when/where to advertise your campaign, who your target audience is, and whether your goals are realistic.

Venmo fundraising campaign social media template created using Canva.

There are plenty of Venmo fundraiser templates for social media posts, videos, and print flyers on sites like Pinterest, Canva, and Template.net. Bingo-style Instagram story Venmo fundraiser templates are very popular, as are QR code Venmo code printouts.

Create Venmo fundraiser templates with your brand colors and messaging that you can tweak and reuse later on for other fundraising campaigns. It will save you a lot of time in the long run, and make your organization look more professional.

Square is one of the cheapest credit card processing companies, especially for smaller organizations, which will help new nonprofits save on fees. The company also offers many tools for nonprofits to build a successful online/offline donation strategy, especially for organizations that have a consistent physical presence. If you use Square for nonprofits, you’ll be able to make a free or low-cost website, take in-person donations using very affordable card readers, offer products, services, and recurring donations online, and integrate with software such as social media platforms.

If you want an easy and effective way to collect donations online and offline, including donations with physical payment cards, and don’t mind paying higher payment processing fees, Square may be the donation software for you.

Alternatively, you can build an online store with Square Online and urge people to send online donations through Venmo. If they insist on using a physical card, you can use an inexpensive Square card reader.

Dharma Merchant Services is different from all the alternatives on this list because the company provides an entire merchant account and merchant services, not just payment services. Dharma is one of the best merchant services providers because it offers great payment processing rates and a dedicated merchant account for nonprofits at a discounted rate of $20/month.

If your organization processes a large volume of donations every month, and you want the stability that comes with having your dedicated merchant account, consider using Dharma’s tools to take donations.

Helcim is primarily a payment processor that works directly with major credit card companies like Visa and Mastercard (both offer special discounted nonprofit rates) to bring you lower interchange-plus payment processing rates. This is great for small to midsize nonprofits looking to save money on fees.

The company offers a free online donation portal and the free Helcim POS system, plus affordable POS hardware, allowing nonprofit organizations to save even more money on online and in-person donation tools.

If your nonprofit processes $5K or more per month in donations, and you want strong free online and in-person sales tools, consider Helcim as an alternative to Venmo for accepting donations.

Technically, Venmo is a part of PayPal. To reach as many users as possible, you could allow people to donate through both apps. You’ll just have to keep good records of donation amounts and who is donating (to connect with them later on.)

If you specifically want to take recurring donations or want to take donations on an international level, and you like PayPal’s suite of business tools, then you should focus more on taking donations through PayPal instead of Venmo.

If you don’t have a preference at all, Venmo does offer lower payment processing fees, so consider urging donors to use Venmo instead of PayPal if possible.

Stripe nonprofit accounts offer a lot of benefits, especially for larger organizations. Stripe payment software is highly customizable, connects with several third-party software such as Donorbox and Mailchimp, allows you to accept recurring donations, and can integrate with an online store.

If you have a larger organization that could benefit from creating its unique donation form, website, and/or online store, Stripe could be the right nonprofit donation software for you.

You can use Venmo for nonprofits. In fact, Venmo now offers a unique “charity profile” for nonprofits with a confirmed PayPal nonprofit account.

Nonprofits that create a Venmo charity profile get to show confirmed charity status in their account profile, have lower payment processing fees, and can use the social media aspect of the payment app to reach more potential donors.

A Venmo charity profile is a special kind of Venmo profile available to PayPal-certified 501(c)(3) nonprofits. Venmo charity profiles offer a variety of benefits.

For example, charity profiles also allow nonprofits to use their organization as a username, get a blue verified-charity checkmark, take donations, generate donation reports, and save donor contact information for communicating with donors later on.

To set up Venmo for a nonprofit, you first need to create a PayPal Business account and have PayPal verify your nonprofit status.

Then, search for Venmo in the business tools section of your PayPal Business account.

From there, you’ll create your organization’s Venmo charity profile.

Venmo nonprofit fees are 1.9% + $0.10 per transaction. There are no fees for donors to send money through Venmo.

To use Venmo for fundraising, create a Venmo charity profile.

Then, add your charity profile link to your website and social media pages. Also, print out a donation link QR code to post at your building if relevant) and at any in-person events.

Finally, don’t forget to include your Venmo nonprofit donation link in any fundraising posts and flyers.

Venmo is better for taking smaller donations from younger users in the US, while PayPal offers more tools for large-scale organizations and international nonprofits.

There’s no rule saying you can’t use both to take donations, though, so consider taking donations through PayPal and Venmo.