PayPal processed record $10 billion in charitable donations in 2019
Melanie May | 27 January 2020 | News
PayPal processed a record $10.3 billion in donations to charities around the world in 2019, and more than $1 billion in the month of December alone.
21% of all donations processed by PayPal in 2019 were made through mobile devices.
PayPal supports more than 600,000 nonprofits with fundraising and powering giving for platforms including Facebook, GoFundMe, Airbnb, and eBay.
Every year, PayPal encourages its community of 300 million consumers and merchants to donate to disaster relief efforts and participate in campaigns with signature partners like GivingTuesday. On GivingTuesday 2019, PayPal processed $106 million for causes around the world. It is currently asking for support for the Australian bush fire relief efforts, and has raised over $2m to date.
Charities can also raise funds by enrolling with the PayPal Giving Fund. This is free to do and requires charities to set up a business account as well as confirm their charity status. Once enrolled, they appear on the PayPal website and app, eBay for Charity as well as Humble Bundle.
Franz Paasche, SVP, Corporate Affairs, PayPal, said:
“Our efforts to drive social impact and create value for all of our stakeholders continue to expand. We are continually inspired by the generosity of the expanding PayPal community, which continues to reach new heights. As we enter 2020, we remain committed to harnessing the power of our technology and scale to provide new ways for people to give to the causes they care about – and to help charitable organisations raise mission-critical funds that make a difference for communities around the world.”
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About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.