The exact timing of when your nonprofit receives the funds depends on which payment processor you use. Here’s how it all works...
If your charity chose Network for Good to process its donations, you will receive a check on the 15th of each month for all the donations received the prior month. So, on May 15th, your charity will get a check that includes the money raised in the month of April. On June 15th, your charity gets a check that includes the money raised in May. And so on.
The checks are sent directly to the address on your organization's GuideStar profile. This can be updated by reaching out to GuideStar or claiming that profile and editing it as needed.
If your charity chose WePay to process its donations, you will receive the funds via EFT (electronic funds transfer) or you may choose to request a check. You can choose daily, weekly or monthly transfers. We recommend weekly or monthly to make reconciliation simple.
Note about Canada: As of right now, Canadian nonprofits must use WePay EFT to link a bank account and collect funds. We are sorry for any inconvenience this may cause and are exploring additional options.
Please Contact Us if you have any more questions and we'll dig in.