Frequently Asked Question
How to accept and enter PayPal payments
Last Updated 3 years ago
The below is a work in progress.....
- If someone wants specifically to donate via PayPal the new way of doing this is to use the PayPal Giving Fund link: http://go.nirc.edu/paypl We pay no fees on this.
- Another option would be for them to send it to PayPal the old way telling them to send the payment to nirc@nirc.edu. If they mark it "friends and family" it is fee free otherwise we pay the PayPal non-profit fee on the transaction.
What happens next depends on how they sent up the money.
New Way:
- PayPal sends them a tax receipt.
- PayPal Giving Fund holds onto the money till the 25th of the month.
- It then transfers any payments automatically to our PayPal account at nirc@nirc.edu as a lump sum.
- We request they transfer it to our bank.
- We download the activity list and if we can determine the account we enter it into that account otherwise we enter it into anonymous.
- Bank should be e-commerce and payment type should be PayPal Giving Fund. Since PayPal already gave them a tax receipt we do not. We can send them a thank you.
Old way:
- PayPal notifies us at nirc@nirc.edu that we have money.
- They withhold any fees and we request that the balance be dropped into our bank account
- We enter it into JL as bank=e-commerce, payment type=PayPal and they get a receipt.