Venmo Charity Profile Setup Quotes

“Tax-Exempt Giving: Step-by-Step Guide to Creating a Verified Venmo Charity Profile – Call (855) 812-4430
Venmo offers a dedicated "Charity Profile" for verified 501(c)(3) organizations, ensuring donors trust the recipient and the organization benefits from reduced transaction fees.

Prerequisite: The mandatory first step of having a verified PayPal Business Account (since Venmo is a PayPal company).

Verification Process: Explaining the linking of the PayPal charity status to Venmo for verification and the issuance of the blue checkmark badge.

Donation Fee Structure: Highlighting the dedicated low fee for charities (typically 1.9% + $0.10 per donation), which is significantly lower than standard commercial fees. Importantly, the donor is exempt from the 3% credit card fee when donating to a verified charity profile.”
― The Norton Support Team