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 had previously used Network for Good to process its donations, you should have received all settlements from this payment processor, as our default partner recently switched to PayPal Giving Fund. All donations received after April 1, 2018 would likely have been processed via PayPal Giving Fund rather than NFG.
The checks would have been sent directly to the address on your organization's GuideStar profile.
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 deposit into your PayPal account 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 we are exploring additional options.