Payments Overview PayPal

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Payments Overview

PayPal

PayPal Only Enabled PayPal Only Campaign _{with Partnership} (Partner receives campaign funds Fiscal Sponsor through their PayPal account) Payment Type

• PayPal account • Guest PayPal account

• PayPal account • Guest PayPal account • Fractured Atlas only: credit

card only

Currency USD, CAD, EUR, GBP, AUD USD, CAD, EUR, GBP, AUD USD, CAD, EUR, GBP, AUD

Fees US: • 3-5% • IGG: 9% or 4% International: • May be cross-border

transaction fee, depending on the campaign owner (C.O.) and contributors’ account locations

Dependent on how partner page is set up

• Normal Partner fees are 8.1% (goal not met) or 3.6% (goal met)

• Some partners have even further reduced fees — check the partner page

• IGG determines fee structure

Dependent on how partner page is set upc. IGG determines fee structure. Our two largest Fiscal Sponsor’s fees:

• Fractured Atlas: 7% Indiegogo and FA combined fee

• From the Heart: 3.5% Indiegogo fee and ~3% PayPal fee

Campaign Type Fixed or Flexible Fixed or Flexible Flexible Only

Payment Limitations

PayPal:

• Must have a PayPal account • Can only contribute up to $50k

Guest PayPal checkout:

• Can’t use guest checkout if you’ve ever had a PayPal account associated with that email address or with that credit card

• $500 USD limit, or equivalent in other currencies (Some people can contribute more through guest checkout, but if you have no PayPal history, $500 USD is most likely the highest amount you can conribute)

• Can only use 15 times or spend a max of $4,000 USD

• Various country restrictions

PayPal:

• Must have a PayPal account • Max contribution amount is

$50k per transaction

Guest PayPal:

• Can’t use guest account if you’ve ever had a PayPal account associated with that email address or with that credit card

• $500 USD limit, or equivalent in other currencies (Some people can contribute more through guestcheckout, but if you have no PayPal history, $500 USD is most like the highest amount you can conribute)

• Can only use 15 times or spend a max of $4,000 USD

PayPal:

• Must have a PayPal account • Can only contribute max $50k

Guest PayPal:

• Can’t use guest account if you’ve ever had a PayPal account associated with that email address or with that credit card

• $500 USD limit, or equivalent in other currencies (Some people can contribute more through guestcheckout, but if you have no PayPal history, $500 USD is most like the highest amount you can conribute)

• Can only use 15 times or spend a max of $4,000 USD Receiving Limitations US: • $50,000/transaction International:

• Various limits depending on the

US:

• $50,000/transaction

International:

• Various limits depending on the

US:

• $50,000/transaction

International:

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PayPal Only Enabled PayPal Only Campaign _{with Partnership} (Partner receives campaign funds Fiscal Sponsor through their PayPal account)

Disbursement Overview

Flexible Funding Campaign:

• Funds are sent directly to the C.O.’s PayPal account • Fees are taken out

automatically, separately from the contribution (c.o. see the fee as a separate transaction on their account)

Fixed Funding Campaign:

• Funds are sent to the C.O. after campaign reaches its goal as a lump sum

• The contribution that brought the campaign to its goal and all additional contributions will be sent to C.O.’s account immediately

• Funds are refunded up to 5 days after the campaign ends if the campaign does not reach its goal

Flexible Funding Campaign:

• Funds are sent directly to the c.o.’s PayPal account • Fees are taken out

automatically, separately from the contribution (c.o. see the fee as a separate transaction on their account)

Fixed Funding Campaign:

• Funds are sent to the C.O. after campaign reaches its goal as a lump sum

• The contribution that brought the campaign to its goal and all additional contributions will be sent to C.O.’s account immediately

• Funds are refunded up to 5 days after the campaign ends if the campaign does not reach its goal

• Funds are immediately sent to fiscal sponsor’s PayPal account • Fiscal sponsor must reconcile

payments by looking up contribution ID

• Fractured Atlas only: funds are disbursed to FA, who then allocated the funds to C.O.’s FA account, minus the 7% combined IGG and FA fee

Tax Deductible? Yes; Nonprofit must provide _receipts Nonprofit campaigns cannot raise _{funds via PayPal; therefore,}_no Yes; Fiscal Sponsor must provide _receipts

Discount

• Cannot be applied once campaign has started receiving funds

• Effective immediately after the contribution goes through

To partner page:

• Applying a discount would simply consist of changing their fees on their partner page • Cannot be applied retroactively

To a campaign with a discounted partner page:

• The campaign will be given an additional discount based on the partner rates

To partner page:

• Applying a discount would simply consist of changing their fees on their partner page • Cannot be applied retroactively to

a campaign with fiscal sponsor

To a campaign with a discounted partner page:

• The campaign will be given an additional discount based on the partner rates

Tracking Contributor Contact Information and Disbursement

• C.O. receives the contributor email address right away + perk selection + shipping address if required

• If no perk selected, campaign owner will see the contributor’s email address (name will only show if the contributor’s user name is their real name)

• If no perk selected, campaign owner will see the contributor’s email address (name will only show if the contributor’s user name is their real name) • Partner will receive

contributor’s name and amount contributed, but will not receive detailed contributor information • Partner will not have

disbursement information

• If no perk selected, campaign owner will see the contributor’s email address (name will only show if the contributor’s user name is their real name) • Partner will receive contributor’s

email address (possibly name on PayPal as well?)

• Partner must use reconciliation tool to figure out which contributions are coming from which campaigns

• C.O. does not have access to disbursement information since the funds go directly to the partner

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Payments Overview

FirstGiving

Firstgiving _{with Partnership}Firstgiving Matching Funds

Payment Type Credit Cards Credit Cards • _•ACH for matching funds_{Credit card for contributions}

Currency USD USD USD

Fees

IGG:

• 6.75% and 3%

FG:

• 4%

If partner fees differ from FG fees, the fees will be applied like a discount (see B10 for more information)

Matching Funds fees will be the same as the contribution fees

Campaign Type Flexible Flexible Flexible

• Virtually none ($100,000k maximum contribution amount) • FirstGiving does not support

military addresses at this time but is working on developing them

Accepts ACH?

• Will accept an ACH transfer for contributions of $50,000 or more

• FG will only do this on a case-by-case basis

• Will accept an ACH transfer for contributions of $50,000 or more

• FG will only do this on a case-by-case basis

N/A

Receiving Limitations

• Must be a US verified 501c3 • Has to have an account on

FirstGiving

• Disbursed on the 15th of every month and includes all funds raised the previous month • Rebates are sent to FG up to

15 days after the campaign end. FG then includes the rebate in the next month’s disbursement.

• Disbursed on the 15th of every month and includes all funds raised the previous month • Rebates are sent to FG up to

15 days after the campaign end. FG then includes the rebate in the next month’s disbursement.

• Matching funds are disbursed as an ACH to the bank account listed

• MF disbursement goes out up to 15 days after the campaign ends

• Contributions are still disbursed on the 15th of every month

• Rebates are sent to FG up to 15 days after the campaign end. FG then includes the rebate in the next month’s disbursement. Tax Deductible?

Yes, FG will send the tax receipts Yes, FG will send the tax receipts No, MF are not tax deductible since they come through Indiegogo's bank account

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Firstgiving _{with Partnership}Firstgiving Matching Funds

Discount

All contributions will originally be charged a 10.75% fee regardless of the discount. Once the campaign ends, we'll disburse a rebate to FG (up to 15 days after the campaign ends) that includes the discount difference that should have been applied. FG disburses this rebate on the 15th of the month to the campaign owner. The rebate may or may not be included in a disbursement for a campaign's raised contributions depending on the date.

When a discount is applied to the entire campaign, the MF also receives the discounted price. The discount is sent via a rebate but it isn't visible to the campaign owner because the rebate and MF are sent as a lump sum.

• C.O.s have access to the contributor contact information when they receive their check

• FG provides login info so they can access a spreadsheet of the contribution information only at time of disbursement • There’s no way to track

whether the disbursement has gone out from IGG

Partner has access to see the contributor information for each campaign, but does not have access to disbursement information (FG doesn’t pass login information to partner)

C.O. can see when matching funds will be disbursed

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Payments Overview

Ayden

Credit Card Only Enabled (Adyen) Credit Card Only Campaign with _Partnership

Payment Type Credit Card Credit Card

Currency USD, CAD, GBP USD, CAD, GBP

Fees

Adyen:

• 3%

IGG:

• 9% If goal is not reached • 4% If goal is reached

International:

• $25 for USD wire transfers

Adyen: • 3% IGG: • 9% • 4% International:

• $25 for USD wire transfers

Campaign Type Flexible Flexible

• Has a much lower risk threshold than PayPal • Can only accept contributions of up to $50,000.

Legally we can accept contributions of up to $20,000 (this is our external policy).

• Has a much lower risk threshold than PayPal • Can only accept contributions of up to $50,000.

Legally we can accept contributions of up to $20,000 (this is our external policy). Receiving

Limitations

Virtually none Virtually none

• Contributions are disbursed via ACH or wire transfer up to 15 business days following the end of the campaign

• Contributions are disbursed via ACH or wire up to 15 business days following the end of the campaign

Tax Deductible? No No

Discount

Discount is applied to entire campaign and disbursed as a rebate up to 15 business days after campaign ends

• Discount is applied to entire campaign and disbursed as a rebate up to 15 business days after campaign ends

To a campaign with a discounted partner page: • The campaign will be given an additional

discount based on the partner rates Fiscal Sponsor?

You cannot be a fiscal sponsor with Adyen payments. All fiscal sponsors must go through PayPal.

• Campaign owner receives the contributor email address right away + perk selection + shipping address if required

• If no perk selected, campaign owner will see the contributor’s email address (name will only show if the contributor’s user name is their real name)

• Campaign owner receives the contributor email address right away + perk selection + shipping address if required

• If no perk selected, campaign owner will see the contributor’s email address (name will only show if the contributor’s user name is their real name) • Partner will not receive contributor information