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Giving Through Venmo (or Zelle)

  • 1.  Giving Through Venmo (or Zelle)

    Posted 06-05-2020 01:06 PM
    I'd loved to hear from anyone now accepting Venmo as a payment option.  What sort of internal process did you have to go through to set this up?  Any success or horror stories?

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987


  • 2.  RE: Giving Through Venmo (or Zelle)

    Posted 06-05-2020 01:17 PM
    It will be good to hear on this if you could report back . . .

    We do use it as an option of paypal since paypal owns venmo.  How that works then is that a donor goes through our online giving site, chooses paypal, and then if venmo is on their mobile device, gives them an option to use venmo.  Operationally, we worked with our finance office to establish this account so that the money flows appropriately.  Advancement is eating the costs.  

    My understanding (which might be outdated) is that venmo technically doesn't allow non profits to have an account which then prohibits a user from going to venmo to give directly.  If this has changed, I would be grateful to know.

    I understand that those organizations that use it directly will have a person set up an account and then that money will be 'given' to the non profit.  We have decided to not pursue that option.

    But will look forward to hearing from others how/if they have it as a giving option as it definitely would be a great thing to be able for people to go to the app and give directly to us!

    Thanks John

    Tom



    --
    Thomas Chaves
    Associate VP for Advancement Operations
    Office of Advancement
    Saint Joseph's University
    5600 City Avenue, Philadelphia, PA 19131

    O: 610-660-1255 | M: 610-316-6541 | tchaves@sju.edu
    SJU.edu





  • 3.  RE: Giving Through Venmo (or Zelle)

    Posted 06-05-2020 01:26 PM
    Thanks, Tom.  Keep those cards and letters coming!

    Several organizations offer Venmo, including the University my oldest daughter graduated from (Elon).  I was aware that Venmo was testing a groups platform, but that beta program ended:


    So, I guess I need to learn how those that are advertising Venmo accounts are doing it!  I will write Elon but please let me know if you are doing something else!

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987







  • 4.  RE: Giving Through Venmo (or Zelle)

    Posted 06-05-2020 03:31 PM
    John, have you seen https://givebutter.com/integrations/venmo ? Donors can't give from the Venmo app, but they can checkout from the Givebutter app/form w a Venmo button. The nonprofit doesn't hold a Venmo account, the money goes through Givebutter's account like a payment processor, and can then be pulled down to the org's bank account.

    Note that the Venmo NP beta was closed in 2017, and I haven't heard a peep since. API-driven 3rd-party services like the above might be the best we get. I know at least one CRM, Bloomerang, has integrated Givebutter and its Venmo option.

    Both w the Paypal and the GB option, the nonprofit doesn't use a Venmo account.

    I am personally quite skeptical of the legalities of using Venmo to take in donations with a standalone individual account. The setup violates everything I know about how payment processor relationships work at the legal level, and I used to own one. Folks should certainly get legal counsel before going down that road.



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    Sage70, Inc.
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  • 5.  RE: Giving Through Venmo (or Zelle)

    Posted 06-05-2020 03:59 PM
    Indeed I am familiar with GiveButter.  Yet, I do know organizations are accepting Venmo directly.  So I remain interested in learning how they are making that happen - and what roles their CFO and Counsel play in those decisions.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987