Yahoo Publisher Network Paying Via PayPal, No Commission
Yahoo’s partnership with PayPal deepens, with Yahoo Publisher Network (their contextual advertising program) publishers receiving their monthly check, if they choose, deposited right into their PayPal account. The best part about the new system: PayPal isn’t taking its usual commission off your earnings (almost certainly part of Yahoo’s deal with them), so you get to keep 100% of what you make, and put it in a useful place.
I wonder, is there a way to receive PayPal payments via credit card without being subject to commissions? I have a friend who he and his wife are looking to adopt, and would like to help them raise money to pay for it, but I don’t want 3.2% of every donation being wasted on PayPal fees. Got any ideas?
I spoke to Paypal last month about accepting donations for a non-profit organization, without having to pay commissions to them. They said: No can do.
Comment by Libran Lover | June 28, 2007
Unfortunately when you start getting into credit card transactions, you’re pretty much always going to be paying SOME fee. Every credit card processor charges them. Part of PayPal’s fee is to cover their charges from the merchant account folks (they add a little more to it to make some money on their end as well).
Aside from writing in checks … or asking the donators to up their donation to cover the fee … there’s probably not much you’re going to be able to do. Unless there’s some sort of special charity site that covers the processing fee’s through some other way so the users don’t get hit with it.
Comment by Matt | June 28, 2007
I don’t think thats a special deal. If you load you PayPal account with a lot of funds upfront the recipients of each small transaction won’t pay commission.
Comment by Jan | June 28, 2007
Even fundraising sites like FirstGiving.com take a fee of 7.35% of each online donation. This percentage is a summary of credit card processing, hosting, security, administrative, service, etc. fees. There’s no escape really.
At least the British version JustGiving.com uses the GiftAid program to try and recoup some of that. My www.AnotherChanceToSee.com fundraiser has reclaimed £16.92 via the program which is nice.
Comment by AnotherChanceToSee | June 29, 2007
Google Checkout is waiving all of their transaction fees for all of 2007. In 2008 they’ll be about the same as Paypal. Might be a good option for the short term though?
Comment by Jason | June 29, 2007
AnotherChanceToSee - Thos from Firstgiving here. As you and Matt say, the fees that come with processing credit cards are somewhat a force of nature, and we do have overhead of our own we need to cover to keep the site up and growing. It is our intent at FG to do everything we can to manage our fees down over time. We can’t wait for the day when we can lower them!
I tell our British cousins how jealous I am of Gift Aid all the time. I really admire the UK system that rewards giving by giving more, rather than tax deduction system here in the US. Keep up the great work with your fundraising!
Comment by Thos | June 29, 2007