PayPal for Indiegogo
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I am going to be launching a crowdfunding campaign with Indiegogo for a not-for-profit film festival I believe the best way to collect on the sale of perks and donations for the campaign is with PayPal.
The not-for-profit already has a PayPal account that is used for ticket, t-shirt and other sales. Since I am accountable for seeing that the proceeds of the crowdfunding campaign are used specifically for the goal of the campaign, I don't want to see funds from the crowdfunding campaign go in with general revenues for the film festival. I therefore feel it is important to have a separate PayPal account for the crowdfunding campaign.
I really only need the PayPal account for the 2 months of the campaign.
I have a Premier account that links to my company bank account. The festival has a Business account that links to its bank account.
I can't see needing to withdraw funds until the Indiegogo campaign is complete, at which time, I'd likely report to the board of the film festival, pay commissions and deposit the $ from Indiegogo into a separate bank account.
Questions:
1. What is the best type of account for this application (crowdfunding campaign)? (e.g. Personal, Permier, Business)
2. How should I structure the PayPal account so it best suits a short term need?
Many thanks in advance for your help!
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Has to be either a Premier or Business Account. If you're not a registered business or non-profit, then a Premier would work. The downside is Premier Accounts will display your email address on the PayPal Checkout Screens where as a Business Account will display your business or organization name or a business graphic.
As for how to structure the account for short term usage - makes no difference if you plan to use the account for 2 months or 10 years - the requirements and setup are the same.
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Hey Snowshoe,
Thank you so much for the thoughts. Looks like Business is the way to go!

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