We periodically run test gifts through our website to observe "user experience". I recently made a test by making a donation on our website and decided to pay using Paypal. When I got to the Paypal site I saw the option to pay using Bitcoin. Paypal users who have purchased cryptocurrency can use it for donations or payment. Paypal converts the bitcoin to USD and the donation came through to Cross Catholic Outreach as "Paypal" but no different than donations paid through Paypal by CC, Debit, or ACH.
Donor Operations Senior Manager
Cross Catholic Outreach
2700 N. Military Trail • Suite 300 • PO Box 273908 • Boca Raton, FL 33427-3908
561-392-9212 ext. 127
CrossCatholic.org • Twitter • Facebook • LinkedIn
Delivering Food, Shelter and Hope to the Poorest of the Poor
Many of the campuses in our system are exploring cryptocurrency but none have moved ahead with accepting it yet. That said, I'd love to follow any emerging best practices in this space. Would you be willing to report back what you learn?
Associate Vice Chancellor for Advancement Operations
205 East 42nd Street, New York, NY 10017
Tel (646) 664-3002 | Fax (646) 664-2965
You hit the nail on the head: setting up a virtual wallet is the easy part. Getting the Business Office to play ball is the real challenge. Hopefully as more and more institutions establish policies and procedures around cryptocurrency (even if the actual transactions remain very rare), that will provide further comfort for our colleagues outside of Advancement.