PayPal for Indiegogo

ActionJacskon
Contributor
Contributor

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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2 REPLIES 2

snowshoe
Frequent Advisor
Frequent Advisor

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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ActionJacskon
Contributor
Contributor

Hey Snowshoe,

 

Thank you so much for the thoughts.  Looks like Business is the way to go!

 

 

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