The exact timing of when your nonprofit receives the funds depends on which payment partner you use. Here’s how it all works...
If your nonprofit used 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 nonprofit uses PayPal Giving Fund to process its donations, you will receive the funds via check if you are not enrolled in the Certified Charity Program or by direct deposit if you have enrolled.
For un-enrolled organizations, checks are sent directly to the address on your organization's GuideStar profile 90 days after the first donation is processed, then more frequently for following payments. Enroll for faster payouts via direct deposit.
For enrolled organizations, funds donated through the 15th of the month will be sent directly to the linked PayPal account that same month around the 25th. Any donations received after the 15th will be paid out the following month.
If your nonprofit 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. Here's how to switch to WePay.
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.