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Venmo option for giving still the same?

  • 1.  Venmo option for giving still the same?

    Posted 19 days ago

    Hi . . .

    Are the Venmo options for giving still the same - i.e. can a non-profit create a Venmo account so a donor can START with Venmo to make a gift? And do it legitimately so the Venmo account is the University/organization vs. a pass through?

    Nothing on the Venmo site  I'm seeing or hearing in general has indicated it has changed but figured this community would be closer to any breaking news on this front.

    Thanks.

    Tom



    ------------------------------
    Thomas Chaves
    Associate VP for Advancement Operations
    St. Joseph's University
    tchaves@sju.edu
    ------------------------------


  • 2.  RE: Venmo option for giving still the same?

    Posted 19 days ago
    Hi Thomas,

    While business profiles do exist that enable small businesses to accept Venmo "normally," Venmo does not permit nonprofits to create business profiles at this time. You wouldn't want to, anyway - biz profiles are attached to individual Venmo accounts, and can only be accessed by that individual. They're totally inappropriate for organizational controls and risk management. 


    Thank you,
    Isaac Shalev
    Data Strategy Expert
    Sage70, Inc.
    (917) 859-0151
    isaac@sage70.com

    Schedule a 30-minute consultation now:






  • 3.  RE: Venmo option for giving still the same?

    Posted 19 days ago
    Coincidentally, I get an email today saying I can pay CVS using a Venmo QR code . . . This sounds like CVS would have an account that I would have to think is tied to a business account vs. a personal account.    Has anyone used this approach personally to pay a larger 'organization' vs. a person?

    Maybe 'organizational' accounts are getting some attention with Venmo?

    ------------------------------
    Thomas Chaves
    Associate VP for Advancement Operations
    St. Joseph's University
    tchaves@sju.edu
    ------------------------------



  • 4.  RE: Venmo option for giving still the same?

    Posted 19 days ago
    The CVS-Paypal partnership is bespoke, it's not (yet) a product available to any business or organization. A similar thing is happening with Amazon in '22, and the Clover/Carat POS systems are supposed to be offering this shortly too, to any business, and that it will be turned on by default on all eligible devices. My understanding is that at the backend, this does not require or depend on a business having a Venmo account, or even a PayPal account.


    Thank you,
    Isaac Shalev
    Data Strategy Expert
    Sage70, Inc.
    (917) 859-0151
    isaac@sage70.com

    Schedule a 30-minute consultation now:







  • 5.  RE: Venmo option for giving still the same?

    Posted 16 days ago
    We recently began using GiveButter as a secondary giving page to be able to accept venmo. In addition, Blackbaud Online Express had the option to make venmo donations using their new payment system for like an hour, but due to glitches, it's now on hold for the foreseeable future.

    Still not as great as the individual being able to type the org name into venmo, of course.