How To Price A Product The Right Way: Pricing Strategies & Smart Tips To Succeed

The post How To Price A Product The Right Way: Pricing Strategies & Smart Tips To Succeed appeared first on Merchant Maverick.

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Mailchimp Website Builder: Pros, Cons, and Alternatives

This post originally appeared at Mailchimp Website Builder: Pros, Cons, and Alternatives via ShivarWeb

MailChimp Website Builder

MailChimp has been one of the fastest growing email marketing providers for years now. They’ve built an huge base of customers ranging from tiny personal accounts to some of the most prestigious enterprise brands in the world.

In 2019, they added a ton of functionality, including postcards & remarketing as they grow their positioning into a marketing platform. And as part of their growth, they’ve introduced a free website builder.

See MailChimp’s Current Plans & Pricing

I’ve been using Mailchimp for years, and was super curious when they announced the beta version of their website builder (FYI, beta just means it’s their first, trial run version. They’re looking for feedback from users to improve the product).

So I gave Mailchimp’s beta builder a try for a full Mailchimp Website Builder review. But before I get into the pros and cons of my review, let’s dive into an overview about tools to build a website.

There are so many considerations to take into account when choosing a website builder — and really, there are a thousand ways to get what you want in the end in terms of functionality, convenience, pricing, etc. The thing to remember is: whether you’re building a simple personal website or running a business, the way you build your site has a lot of consequences.

In the long-term, it affects your versatility, functionality, and, of course, your brand. In the short-term, it can certainly add/take away a lot of headaches. That said, just like choosing a physical house or office, there is no such thing as an absolute “best” or “top” choice. There’s only the right choice relative to your goals, experience, and circumstances.

What Is Mailchimp Website Builder?

On the wide spectrum of website building solutions, Mailchimp’s website builder lives on the end that is all-inclusive and provides everything you need to get started and grow your website. It contrasts with solutions where you buy, install, and manage all the “pieces” of your website separately.

Using Mailchimp is sort of like leasing and customizing an apartment in a really classy development instead of buying and owning your own house. You’re still in control of decor, cleaning, and everything living-wise – but you leave the construction, plumbing, security, and infrastructure to the property owner. That point is key because there’s usually a direct tradeoff between convenience and control.

Everything may fit together just right with a website builder like Mailchimp, but that may or may not be what you’re looking for.

As far as competition, Mailchimp competes with all-inclusive website builders like GoDaddy, Wix, Squarespace, Jimdo, Yahoo!, and WordPress.com  (and Shopify for online stores).

Compared to their direct competition, they focus on ease of use and their platform providing everything you need to market online — from their opt-in pages to their email software to their website builder.

Pros of Using Mailchimp Website Builder

Here’s what I found to be the pros of using Mailchimp’s website builder — not just in comparison to direct competitors like GoDaddy and Wix, but as an overall website solution.

Straightforward Sign Up Process

If you already have a Mailchimp account, using their free website builder is just a matter of navigating to it in the main menu and getting started. If you don’t have a Mailchimp account, it’s still incredibly easy to sign up. All you have to do is create an account with your business information + pick your payment plan to get started.

mailchimp sign up process

This is great for DIYers who want to get up and running as quickly as possible without an extensive sign up process.

Ease of Use

Another pro of Mailchimp’s website builder is that it’s incredible easy to use. When you first get started with the platform, Mailchimp actually creates a homepage for you to use as a starting point.

Mailchimp Homepage

Once you get into the platform, you can “drag” and “drop” additional elements onto the page, remove elements from the premade page, add new pages to your site with the click of a button.

The whole setup is like painting by numbers. You just add in your content, add additional elements if you want them / need them, add your branding colors and fonts, and click publish.

There are obvious drawbacks to this setup, which I will cover in the disadvantages, but it is a real advantage to having an easy and quick way to get your site up and making sure it still looks decent.

It makes Mailchimp a great option for entrepreneurs / DIY-ers who want a website that gets the job done, looks clean, and doesn’t require hiring a professional to put it all together (and don’t want to worry about “messing it up”).

Completely Free

Another benefit Mailchimp’s website builder is that it’s completely free.

There’s no upsells, no limited access based on your payment plan, no restrictions. You can use the website builder with your free Mailchimp plan if you have under 2000 subscribers and don’t need additional email functionality, or you can use it with your paid plan for no additional charge.

While there are some limitations with the platform (more on that in a minute), it’s a great option for test projects or those who need a simple, functional website and don’t want to spend money on a platform.

Cons

Of course, no review would be complete without looking at the downsides. Every piece of software will have complaints. And for Mailchimp, there’s two big cons that stand out: limited design and functionality features.

Limited Feature Set – Design

With any technology product, there is almost always a trade-off between convenience and control (think Android vs. iOS).

And you can really see this trade-off with the Mailchimp website builder. The convenience of their design setup is great. It’s straightforward and fast, and puts your focus on getting your content into a premade template. You can add pages and a few elements based on your specific needs, but for the most part, it’s got everything you need.

However, if you want to go anywhere beyond the basics of design, you are limited with the builder.

You can’t add anything aside from the few drag and drop elements available to you, and the elements you can change on the overall template are fairly limited (AKA essentially just font and color).

If your website is growing, or becoming a bigger part of your business, the design limitations can be crippling. And unlike other website builders that attempt to solve this issue through apps, extensions, or access to the website code or HTML, there is no outlet for a Mailchimp website builder website.

Limited Feature Set – Technical

The limitations on design also bleed over into technical limitations.

Technical limitations are features that you don’t know that you want until you want them, and then you find out you can’t have them.

These are things like integrations with Facebook, Pinterest, Twitter, Google Ads, social sharing options, blogging, and a whole host of every intermediate to advanced marketing tools on the internet.

In their beta from, Mailchimp has extremely limited integrations (social sharing, social following, file downloads, etc.), but there are a ton of technical features that Mailchimp currently doesn’t provide or that are extremely limited.

There also aren’t add-ons or additional integrations to use with the platform, which makes it even more difficult to do anything besides the very basics on your site.

Ultimately, Mailchimp leaves much to be desired when it comes to product integrations and additional technical features that can help you better use and market your website.

Mailchimp Review Conclusion

Mailchimp makes getting your website up and running simple and fast, which makes it a great choice for DIYers who want a quick and easy way to build a website without the hassle of getting into the code or having something custom made.

Get started with Mailchimp here.

However, like most all-inclusive website builders, there does come a point where there’s a tradeoff between convenience and control. Mailchimp leaves a lot to be desired when it comes to design customization and functionality. If you’re looking for something that offers more control and scalability, you’re better off elsewhere.

Not sure Mailchimp fits your needs? Check out my quiz to find what the best website builder is for you based on your preferences.

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20+ Considerations on The Future of Web Hosting, Website Builders & Digital Marketing Beyond 2020

This post originally appeared at 20+ Considerations on The Future of Web Hosting, Website Builders & Digital Marketing Beyond 2020 via ShivarWeb

Considerations on The Future of Web Hosting, Website Builders & Digital Marketing

There has never been a time when running a website has been more accessible, convenient, and profitable than now.

But there has also never been a time when running a website has been so confusing, frustrating, and winner-take-all than now.

And that contradiction comes because some of the major computing & networking innovations from the 2010s are finally coming to the everyday Internet.

And as the 2010s close out and the 2020s begin, here are some of my considerations (in no specific order) that I think would be useful for DIYers, freelancers, small online business owners, and anyone planning an online presence.

Nobody Fully Knows What Is Going On

This post is deliberately a listicle because I don’t have a grand unified idea about the future of running a website on the Internet. And I’m skeptical of anyone who does.

Cloud computing, machine learning, APIs, high-quality open-source software, free toolkits, mobile devices, streaming, and the lumbering giant behavior of Google, Facebook, Amazon, Apple, and Microsoft all point to continuing massive disruption of entire industries that no one can predict or prepare for.

The Website + Marketing Tool Model Is Gone

For years, people built a website on a multi-purpose host with a custom domain. And then they used 3rd party tools & distribution channels to promote content, products & services that lived on the website.

But now, the website on a domain is simply one tool in a toolkit. In fact, you can build a model where your website is a backend for your other marketing tools…or you can use a marketing tool to build & run your website.

This shift is clearest with online stores. Between Buyable Pins, Checkout on Instagram, Amazon integration, dropshipping APIs, offline pop-up shops, etc – the website is just another piece in the business puzzle.

Now, websites are still critical because they remain the only piece of that puzzle that you can control & own as an asset. But…I do think they are losing their relative importance. And their importance depends massively on what industry you are in.

Platform Choice > Tool Choice

The demise of the website + marketing tool model will mean that website owners will choose their platform of choice rather than their tools of choice based on what business they have.

Online retail is in this place already. Very few successful retailers have a collection of tools. It’s all about integrations and platform. But increasingly, every business sector will move to this model.

Local small businesses will look at platforms that do their primary function plus whatever integrates well with that platform. For example, a website builder will not compete with other website builders. Instead, the website builder will compete with the CRM platform and the email marketing platform…because all three will have a website builder, CRM, and email marketing tool bundled in a single platform

In other words, a website builder like Wix no longer competes with Squarespace. Instead, Wix competes with MailChimp and HubSpot and Google.

In online retail, Shopify and WooCommerce and BigCommerce don’t really compete with each other. They all compete, as a group, against Amazon, Instagram, Depop, MailChimp, Square, Salesforce, and eBay.

In hosting, hosting companies no longer compete with each other as much as they compete against Google Business Suite, Hubspot, hosted website builders, etc.

Now, there will still be incredible power & opportunity for website owners who have the resources & wherewithal to mix & match services to get the best of all worlds. Those website owners will be able to maintain costs and control where others will cede more power to their platform of choice.

Convenience Killed Cost & Control

The big reason why DIYers are a declining & disrupted market is that when consumers distill down what they truly care about – convenience always wins.

The same reasons driving the growth of takeout, restaurant, delivery, and meal kits at the expense of cooking are also driving the growth of online platforms at the expense of websites + tools.

If you are a DIYer, it will pay to be hyper-aware of what your true wants, needs and goals are – and what tradeoffs you are willing to make. Platforms are great in many ways, but beyond 2020, the most successful DIYers will be able to manage the tradeoffs of platforms.

If you are a freelancer, it will lead to bigger rewards to both specialize in a platform and maintain familiarity with how adjacent choices work. Even if your clients do not know about or understand platform choices, you can still use them to streamline your business and add value without adding extra work.

Spam, Security & Speed Killed What Could Have Been

I am a huge fan of the Open Web. Regardless of the short-term rewards of the platform of the day, it’s still worth investing in a website for the long-term.

But in 2020, even the most die-hard prophets preaching against Google, social media companies, cloud computing, hosted builders, and big corporations will have to admit that the vulnerabilities in the Open Web & running / managing your own website are pushing people to big platforms as much as those big platforms are pulling people.

For example, Google might be pulling people & businesses to hand over their personal email & confidential documents. But hackers, spammers, and human impatience are doing plenty of pushing as well.

For example, I would *love* to run conversations via blog comments instead of using Twitter. But my blog comments are like an absolute honeypot for the worst of the Internet.

Another example, I would love to avoid ecommerce transaction fees and SSL fees but hackers only need one shot. Security is difficult and, honestly, much more effective to do at scale across thousands of websites.

Most of my clients gain a lot from controlling their own hosting rather than using a hosted website solution. But I have to set expectations to prep clients for the amount of time & money it takes to keep the site secure & speedy beyond using a solid hosting company. Web visitors will absolutely ditch a website in a heartbeat over a millisecond. That’s why so many publishers with massive brands are blindly handing control over to Google’s AMP initiative. Even the biggest brands in the world can’t compete with human impatience.

Traffic Sources Are Consolidated & Fragmented

Facebook’s properties & Google’s properties will continue to become bigger. But they’ll also become more winner-take-all. But also, a much longer tail of random completely unpredictable traffic sources will continue to fragment.

Even more traffic will be “dark” or untrackable. Planning a marketing strategy will increasingly rely solely on your target audience rather than your target traffic source.

Organic Traffic Is A Bonus

Treat any organic traffic from Google, Facebook, Pinterest, etc like a bonus. You can’t project or plan long-term around organic traffic. Agencies, freelancers, etc will have to adjust pricing and clients will have to adjust expectations.

Digital marketers spent years making fun of John Wanamaker old-fashioned quote that “Half the money I spend on advertising is wasted; the trouble is, I don’t know which half.”

Online attribution was supposed to solve that problem. But now, no matter how creepy your tracking and attribution is…consumer & traffic behavior is so unpredictable that you won’t be able to truly plan long-term…unless you pay.

Marketers Growth Demands Killed What Could Have Been

More and more platforms & websites will be “walled gardens”* due to pressure to grow…and grow…and grow some more. The Web could have been a world of accessible, free-flowing information where many businesses and types of businesses made a living. But platforms have to be more closed to make more money off users. And as valuable traffic has declined, website owners have become more desperate and more annoying to drive up ad rates.

*Even previously open platforms like Reddit, Pinterest and Twitter are closing in.

For example – see basically every recipe website ever. As Google and Pinterest strive to keep more users on their sites, serving their ads…recipe content websites have become more desperate to monetize what little traffic they do have…leading to horrendous car salesman-like levels of unusability.

Users Killed What Could Have Been

Users want convenience above all. For all the pulling that Google, Facebook, Pinterest, Amazon, etc are doing…users are also pushing attention there…because it’s convenient.

For example, I have no idea what to say to website owners about voice search. And anyone who does have a “strategy” for voice search – I call B*S* on. Users want it. I want it. It’s amazing, but you can’t build a publishing business or profitable content marketing strategy around it.

1,000 True Fans Is Still True

That said, the future will always have a small, tough, but sustainable spot for Kevin Kelly’s 1000 True Fans.

On balance, there has never been a better time to run a website or online presence than right now. If you have a good product, service, or concepts, there are likely 1000 True Fans that can & will support your work. Sure, there were “Golden Ages” of organic Facebook traffic, organic Google traffic, etc…but those eras had serious issues and limitations as well.

There Is No Magic Bullet

There is no sure-fire way to build a successful website. I’ve been working in digital marketing for years now. I know that in SEO, there used to always be a sure-fire tactic that was working. Now, there are tactics that work marginally better than others. There are things that you can focus more or less on…but the magic secrets are gone.

Same goes with Facebook, Pinterest, Reddit, etc. The only real magic bullet now is hard creative work, constant research, careful planning, constant learning…and a whole lot of luck.

Opportunity Costs Are Very Real

When you choose to do Action A instead of Action B, there is the cost of doing Action A plus the cost of *not* doing Action B.

In a world of limited marketing resources, choosing to create social media posts means that you are also missing out on *not* creating blog posts.

Back in the world where everything online was growing, you could afford to miss one big opportunity for another…because most every opportunity was growing.

Now, mobile devices are ubiquitous. Desktop traffic is actually declining. And many social networks have reached maturity. Choosing one over another or bouncing around chasing “shiny objects” has real costs above whatever you are paying for your main investment.

Even with aspects of running your website, many website features are standardized and predictable. There are opportunity costs to choosing what part of your site to improve or leave alone.

Lookalikes Killed Privacy

I wrote a guide to tracking marketing data on your website. I actively use any & all data to help clients & aid my own research. But on this website & my personal website, I’ve deliberately removed all tracking tags except for Google’s. Why?

Well, sure, there’s the token virtue and hand-washing hypocrisy part of it.

But also, I found that my own retargeting & tracking did not matter in comparison to the massive opportunity presented by lookalike audiences and the data gathered by the big platforms.

Because here’s the thing about “big data” that people miss. It’s that individuals do not matter. All that matters is the sample size.

Every single person has a lookalike about some part of themselves. No matter how special or unique you think you are; no matter how carefully you avoid trackers or cookies or online ads, you can be personally marketed without any kind of tracking to due to lookalike audiences.

Here’s an analogy. Think about the world of DNA testing & genealogy. There are real fears & real consequences to having your DNA in a database. But protecting your own DNA is near-pointless. If a company (or government) knows the DNA from a couple cousins or aunts or uncles or grandparents or a sibling…then they know yours as well.

Lookalikes are the same. Even if Nate Shivar avoids all retargeting trackers, there are still enough people out there similar to me that will allow marketers to reach me if they want.

So – what does this mean? It means that whether you have a large audience data set or not, you can still think creatively about how to profile & reach your audience.*

*that is – until privacy can get solved in a meaningful way. Be sure to tell your political leaders that this needs to be solved at the national / international level. Individual choice & freedom in this issue is a moot point.

Alternative Channels Matter

In investing, modern portfolio theory says that diversification pays for itself because it maximizes expected return even if it fails to maximize actual returns.

In other words, you may know that Investment A is your best bet. But you should still make Investment B as well, because you can’t be sure that Investment A will be amazing.

Same with traffic sources and alternative channels and even website tools.

You may be pretty sure that your priority is the right one. But in a world of uncertainty, alternatives are good to have.

Now – going back to Opportunity Costs Are Real – you have to be honest with the tradeoffs. If you spend time on YouTube in addition to Google Search, you might lose some in Google. But you also won’t lose it all if you have some investment in YouTube.

Web Hosting Is a Utility

Amazon made the technology of hosting files a commodity service. Web hosting companies no longer compete on technology. In fact, they don’t want to compete on technology…because Amazon / Microsoft / Google win on that. Web hosting companies make money on what they provide in addition to basic hosting.

That can include support, onboarding, graphical server management tools, bundled 3rd party services, etc. But the main point is that if hosting is a utility – then anybody can offer it as a feature…not just web hosting companies.

There will be even more plugin makers, software makers, theme designers, tool makers, etc that will simply bundle & resell hosting as a feature.

Website Builders Are a Feature

I remember when I used my first drag & drop builder in the early 2000s with Homestead. It was a “WYSIWYG” builder. And it was terrible. Actually, every WYSIWYG builder was terrible…until just a few years ago.

Now…developer and marketer snobs will turn their nose up at drag & drop…but the software is actually pretty good….and it’s only getting better.

If drag & drop were microwavable pizzas in the 2000s, they became Domino’s in the 2010s…and now they are more like Mellow Mushroom pizza. Nothing like your local sit-down Italian haunt…but consistent and really solid.

All this means is that the core website building software can be a feature bundled with everything else rather than a stand-alone business. That’s why Google, MailChimp, Shopify, HostGator, InMotion, GoDaddy, and a dozen other non-website builder companies are bundling free website builders that otherwise compete directly with Wix, Squarespace, Weebly, etc.

SEO Is a Tactic

For years, the “contract” between publishers and Google was that Google gets to copy & analyze copyrighted content in exchange for free organic traffic.

If publishers made their content easier for Google to copy & analyze (i.e., “search engine optimization“), then Google would reward them with even more free organic traffic.

It created a virtuous cycle that worked for everyone. Sure, Google had to deal with publishers who took advantage of loopholes. And publishers had to waste some time dealing changing guidelines and features (remember Author markup?).

But on whole, the deal worked for everyone.

In fact, you could build an entire marketing strategy around the deal. That’s how entire businesses got built. Help Google and they’ll help you.

But, that deal has broken down. As Google focuses more on users and advertisers – publishers will get left out more and more. And as SEO as a strategy goes away, it will really only remain as a tactic in a broader strategy of organic traffic from all the places.

IRL Original Content Is Underestimated

The Internet makes copying & sharing more convenient than ever. In fact, it’s so convenient that we often forget that there are other sources of information in the real world.

But even more so, we forget that information in the real world is the source for information on the Internet.

In fact, this instinct is true not just among social media users but also among serious website owners and professional journalists.

Because of this instinct for convenient & copyable information – there is a growing premium on original information gathered from the real world.

Anyone can get a screengrab from Google Earth. But not many people will take a picture of a location. And which is more useful & unique?

Anyone can get a screengrab from social media…but not many people will go an compose a proper photo in context. And which is more useful & unique?

Anyone can make a drawing or an illustration…but not many people will make an IRL video or photo sequence. And which is more useful & unique?

On my websites & my clients’ websites – I am continually amazed at how often original, IRL images get copied, cited & linked-to. It’s amazing.

It’s no magic bullet, but it’s the most magical of all bullets that SEO’s & website owners have.

IRL Data Is Underestimated

On a related note, data copying and analyzing is easy. IRL data gathered from real people is harder and harder to gather and share.

That’s what makes the US Census so invaluable. But that’s also what makes companies’ internal data so valuable and why some companies use it for incredible link building & PR efforts.

Above & Beyond Pays Off Even More

Regardless of hosting platform, marketing toolset, marketing strategy or collection of tactics – going above and beyond the competition will provide winner-take-all dividends.

Onward!

The Internet & globalization continually push towards sharper and sharper winner-take-all markets for money & attention. And they also increase the long-tail of choice. And technology is continually disrupting itself. Until those core forces are fully understood, you have to play the game.

Focus on using products that you understand and match your goals. Focus on marketing strategies based on audiences that you understand and match your financial goals.

Onward!

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Why You Need A PayPal Business Account If You Want To Take Payments Via PayPal

The post Why You Need A PayPal Business Account If You Want To Take Payments Via PayPal appeared first on Merchant Maverick.

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Square For Nonprofits: Everything You Need To Know About Seamlessly Accepting Donations, Running Events, & Selling Merch With Square’s Platform

The post Square For Nonprofits: Everything You Need To Know About Seamlessly Accepting Donations, Running Events, & Selling Merch With Square’s Platform appeared first on Merchant Maverick.

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Why You Should Consider A Self-Ordering Kiosk For Your Restaurant (Plus The 5 Best Kiosk POS Systems & How You Can Afford Them)

The post Why You Should Consider A Self-Ordering Kiosk For Your Restaurant (Plus The 5 Best Kiosk POS Systems & How You Can Afford Them) appeared first on Merchant Maverick.

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Find The Next Grant For Your Nonprofit Through One Of These 7 Resources

The post Find The Next Grant For Your Nonprofit Through One Of These 7 Resources appeared first on Merchant Maverick.

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PayPal For Nonprofits: How To Easily Accept Donations Online And Other Helpful PayPal Features For Your Organization

We’ve done in-depth testing of each and confidently recommend them.

paypal pos integrations

I’ll note that PayPal also offers a Virtual Terminal that you can use to process in-person payments (or accept donations over the phone). However, you’ll need a PayPal Payments Pro account to use it, and Payments Pro costs $30/month. Because other platforms offer a virtual terminal for no monthly fee whatsoever, we don’t recommend this as an in-person donation acceptance method. Also, the Virtual Terminal’s 3.1% + $0.30 per-transaction processing fee is higher than PayPal’s standard in-person transaction fee.

Sell Event Tickets

Perhaps your nonprofit holds events, such as annual retreats or charity galas, from time to time. Or maybe you’ve thought about holding a walkathon to motivate donors to give. If so, you’re in luck, as PayPal integrates with Eventbrite for ticket sales. With PayPal’s Eventbrite integration, not only will you be paying a lower processing rate than with a standard Eventbrite subscription, but you can also choose to pass Eventbrite’s fees on to the customer and avoid paying them yourself. Alternatively, you can absorb the fees to keep your donors happy. Your choice!

Eventbrite offers three different subscription packages tailored for event organizers. All three packages include access to the Organizer app for both iOS and Android devices that, when paired with the rental equipment on offer, can transform your mobile device into a box office.

Track Your Income & Improve Your Bookkeeping

PayPal’s reporting tools give you detailed information about the activity associated with your PayPal account and can assist your nonprofit with bookkeeping. Available reports include monthly and annual financial summaries, monthly sales reports, your chargeback/dispute history, transaction history, order fulfillment reports, money management reports, customer agreement details, Payflow gateway reports, and more.

Additionally, if your nonprofit organization processes $20,000 in gross payment volume from sales of goods or services in a single year and processes 200 payments for goods or services in the same year, PayPal will send Form 1099-K to both you and the IRS for that year early in the following year. Your 1099-K will be accessible from your PayPal account as of January 31st of the following year, and it will tally your payment transactions from the preceding year. You can see further details about PayPal’s tax reporting here on its tax information page, including FAQs and a downloadable guide.

Furthermore, PayPal integrates with QuickBooks via the Connect to PayPal data integration app, available from your QuickBooks account.  With this app, you can transfer up to 18 months of PayPal transactions into QuickBooks. You can also import your discounts, taxes, customer data, transfers, and PayPal expenses. View detailed sales information, including your PayPal fees, in your sales transactions. The Connect to PayPal app is free for all QuickBooks users.

Check out this article to see how the services QuickBooks provides can benefit a nonprofit organization.

QuickBooks Online


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Alternatives To PayPal For Nonprofits

Let’s walk through the primary alternatives to using PayPal for nonprofits. Let’s start with online fundraising software:

  • Fundly: Fundly is an online crowdfunding site with particular appeal for nonprofits as a PayPal alternative, as your fundraising page is completely customizable. You’ll have easy social sharing integrations at your fingertips, intuitive management tools, and the ability to offer perks to donors, depending on their level of support. However, you’ll have to contend with a 4.9% platform fee on top of the 2.9% + $0.30 fee charged to each transaction.
  • Qgiv: Qgiv’s online fundraising platform is another PayPal alternative worth your consideration from a nonprofit standpoint. Qgiv’s donation forms are fully customizable (much more so than PayPal’s donation forms) and mobile-responsive. The platform allows for recurring gifts to encourage donors. Qgiv even provides an auction platform and event management capabilities from its app. Qgiv’s pricing and fees both vary depending on the level of service you need.
  • GoFundMe: Most people think of GoFundMe as a platform for personal fundraisers, but did you know that GoFundMe supports nonprofit fundraising as well? With GoFundMe, you can launch an unlimited number of campaigns, access basic donor data, and set up team fundraising pages, all without paying a monthly fee or a platform fee (just a 2.9% + $0.30 processing fee). Alternatively, you can use GoFundMe’s CrowdRise software to enhance your fundraising capabilities further. CrowdRise’s Essential package offers more extensive donor data, ticketing and registration features, deductible email receipts, and more. While the Essential package does sport a platform fee of 5%, this package also lets you pass the fees — both the platform fee and the payment processing fee — on to the donor. Read our GoFundMe review to learn more about the platform.

When it comes to using third-party processors to process your donations, PayPal isn’t the only game in town. Let’s explore the other big third-party processor offering nonprofit-specific benefits:

  • Square: Square has a lot to offer nonprofits as a payment processor. While Square doesn’t offer a discounted processing fee for nonprofits, its 2.6% + $0.10 per-transaction rate for swiped, dipped, and tapped payments through the Square point of sale app is extremely competitive and cheaper than PayPal’s in-person processing fees (Square’s online processing fee is 2.9% + $0.30). Capturing donor information is easily done right from the transaction screen of the Square POS app, automatically adding your donors to your Customer Directory. Team members can accept donations on your behalf via the POS app as well. And that’s only the tip of the iceberg when it comes to Square’s nonprofit-friendly tools. Read our Square review to get the full scoop, and check out our Square VS PayPal piece for a direct comparison of the two.

Square


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Now, what if you don’t like the idea of using a third-party processor and would rather use a traditional merchant account? While merchant accounts don’t normally come with as many add-on software options as a third-party processor, their laser-focus on payment processing means that you’re much less likely to experience an account hold or termination than with PayPal (or Square, for that matter).

  • Dharma Merchant Services: This merchant account provider is quite well-suited to nonprofits, provided your organization takes in more than $10,000 per month. Dharma features transparent interchange-plus pricing, which should see you saving money over a service such as PayPal. And unlike some other merchant account providers, Dharma doesn’t charge account setup fees, annual fees, or early termination fees, nor are there any monthly minimums to worry about. Dharma also provides more comprehensive customer support than you’re likely to get with PayPal. Read our full review of Dharma Merchant Services to see exactly why we like them so much.

Dharma Merchant Services


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Is PayPal Right For Your Nonprofit?

We can’t guarantee that PayPal is the right payment processing solution for every nonprofit. However, when it comes to accepting online donations, PayPal is the absolute simplest tool out there.

With support for in-person payments, invoicing, reporting, nonprofit-specific discounts, and the fact that PayPal’s massive list of integrations with other platforms means you will almost certainly be able to fill any functionality gaps left by PayPal’s in-house solutions, PayPal is more than capable of powering your nonprofit organization. Alternatively, PayPal makes for a great supplementary payment option if you primarily accept donations via other means.

Check out our article on saving money on payment processing as a nonprofit for more on how to keep your costs down. And if you have experience working with PayPal as part of a nonprofit organization, drop us a comment and let us know about it!

The post PayPal For Nonprofits: How To Easily Accept Donations Online And Other Helpful PayPal Features For Your Organization appeared first on Merchant Maverick.

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