RallyUp offers two methods of processing credit card payments and collect funds:
- Link your own account via Stripe
- Use RallyUp Payment Processing
Once you know the benefits of each, it should be easy for you to make the best choice for your organization. If you are an individual raising money to benefit a nonprofit organization, RallyUp Payment Processing will automatically be used to process payments for you.
Here's how you can get started:
Linking your own account
Linking your own account is the fastest and cheapest way to get your funds. Funds are deposited directly into your bank account and you get a nonprofit discount on Stripe's processing fee.
Click the button below to learn more about how to set up your own account:
We use Stripe, a 3rd party credit card processor that transacts billions of dollars every year for some of the world's largest companies. If you want, you can read more about Stripe.
RallyUp Payment Processing
If setting up and linking your own processing account for your organization isn't feasible due to organization structure or rules, you can use RallyUp Payment Processing.
RallyUp payment processing is essentially like using RallyUp's account for your Campaigns. We hold the money you raise for you and you can request funds at any time during your Campaign in your account.
The fine print for RallyUp Payment Processing:
- When you request funds, we need to hold back 10% of the requested amount for 60 days in order to cover any credit card disputes that may arise. At the end of the 60 days, the remaining funds will automatically be released.
- Since RallyUp is not a nonprofit, our account doesn't qualify for a nonprofit discount with Stripe. This means the credit card processing fees are a bit higher on our account, 2.9%+$0.30 per transaction.