Regardless of the cause behind your fundraiser, collecting funds through a secure payment method is always one of the most important parts of any crowdfunding platform. You need to implement a flexible payment gateway that will enable you to receive donations from all your target locations and transfer the amount hassle-free.
Crowdfundly, an all-in-one digital fundraising platform to make collecting donations and managing your crowdfunding campaigns easier than ever before. When you create your own fundraising organization through Crowdfundly, you get access to powerful, popular payment gateways like Stripe and PayPal. With seamless integrations, your crowdfunding process will be secure and simple.
In this blog, we will guide you through the step-by-step procedure of setting up different payment methods in Crowdfundly, to help you quickly and effortlessly start raising funds.
Which Payment Methods Are Best For Your Fundraising Platform?
There are several online payment methods available but you need to make sure that the ones you use are secure and provide you with enough flexibility. Even for an experienced decision-maker, selecting a crowdfunding payment gateway is a difficult undertaking.
One of the first aspects of a payment method you need to ensure is security. As large sums of money will be transferred, it is mandatory to use a gateway that will not compromise sensitive data such as credit card numbers.
Another factor to consider when choosing a payment method for your fundraising platform is your area of operation. If you plan to collect money from overseas, you need to make sure the payment method you use operates globally.
You will also need an online payment method that allows your crowdfunding platform, like Crowdfundly, to scale and handle many transactions without significant delays. This is especially useful for donation and reward-based crowdfunding systems, where the volume is great but the transactions are small.
And finally, you need to consider the payment gateway’s own pricing policies and service fees. Based on the scale and scope of your transactions, you may be able to negotiate rates that will work with your fundraiser.
Below, we have mentioned a couple of online payment methods that check off all of the factors mentioned above and more.
Stripe: The Most Trusted Online Payment Method
Stripe’s online payment processing system is considered one of the most secured and reliable in the market. The payment gateway enables accepting one-time or recurring online donations for crowdfunding platforms and charity communities easily.
It also assists you to collect payments from global users, allow refunds and easily support any price model. There is complete transparency in their pricing policies and you will not encounter any hidden fees.
PayPal: A Secured Online Payment Processing System
Another secure and flexible online payment method popular in crowdfunding is PayPal.
With its innovative payment technologies, you can easily integrate PayPal into any fundraising platform or website and collect funds. It also has several data, models, and tools to help prevent and respond to any possible risks.
This adaptable payment gateway enables you to receive donations from overseas with its global services and has a very straightforward pricing policy.
Configure Stripe & Paypal To Raise Funds With Crowdfundly
Crowdfundly is a SaaS fundraising solution that facilitates anyone who wants to raise money for charitable or meaningful causes. Whether you are a part of a nonprofit, a small business, or an activist, this impressive crowdfunding software gives you the ultimate flexibility to create and manage any fundraising campaign.
Most importantly, raising funds is made completely effortless through Crowdfundly’s powerful integrations with the best payment methods Stripe and PayPal. When you create an organization within the platform, you can quickly connect your Paypal or Stripe account to donate funds, collect them, or manage refunds.
Crowdfundly also makes the payment procedure more customizable. Depending on the region you set for your fundraising organization, there might be other options available, such as AamarPay online payment gateway (specifically for Bangladesh).
One thing to keep in mind here is that Crowdfundly does not receive any of the money that is being donated through the platform. The fund will be deposited directly into your connected Stripe or PayPal accounts in real-time.
However, in this blog, we will focus on how to implement popular global payment gateways Stripe, PayPal, and AamarPay that enable users to collect money from anywhere. Here’s a quick and detailed breakdown of how you can effortlessly tweak your organization’s payment methods effortlessly. Let’s dive and take a look.
How To Easily Use Stripe With Crowdfundly To Collect Funds?
Crowdfundly partners up with Stripe, one of the best payment methods for fundraising platforms. Through its powerful integration with the secure and flexible payment gateway, it enables you to seamlessly collect and process funds from your donors and supporters.
You can easily configure your Stripe accounts and details from the ‘Settings’ tab on your Crowndundly dashboard. This will redirect you to a new page from which you can tweak around any settings of your platform.
To configure the Stripe payment system, click on the ‘Payments’ tab which will take you to a platform interface with all the available payment methods in your region.
To be able to accept contributions from your donors or to participate in any kind of transaction, you will need to connect your Stripe account with Crowdfundly first. Hit the blue ‘Connect Crowdfundly with Stripe’ button and provide all your necessary information and credentials to integrate your accounts together.
When you have successfully connected your Crowdfundly organization to your Stripe account, you need to choose between your Stripe individual account or business account from the drop-down menu as shown below.
If you choose the Stripe – Individual account, simply enter your Stripe Key and the Stripe Secret codes and you will be ready to start collecting funds for your charitable causes and campaigns.
How To Quickly Configure Your PayPal Account With Crowdfundly?
Crowdfundly also enables you to integrate it with PayPal, an international platform that supports payments and transactions from around the world. As mentioned earlier, it is one of the most secured payment gateways available for online crowdfunding.
Integrating PayPal into your Crowdfundly organization account is just as easy. The procedure to follow is very similar to what we have covered with the Stripe payment gateway. Follow the steps given below and you can instantly start collecting funds from anyone, all around the globe.
After signing in to your Crowdfundly organization account, go to the ‘Settings tab’ from the software’s dashboard. Then, select the ‘payment’ option from the settings page and you will be redirected to the payments page. Scroll down the page till you come across the ‘PayPal’ section.
From here, connecting your Crowdfundly platform to your PayPal account is quite simple. All you have to do is insert your Client ID and Client Secret credentials for your PayPal account. Do not forget to save your settings.
The PayPal payment gateway will be added to your Crowdfundly platform and all your funds will be automatically transferred from to your account whenever someone donates.
Connect To Payment Gateways Specific To Your Region Like aamarPay
Crowdfundly also enables you to connect to payment gateways that are more available and in use, in your location of operation. This helps to collect more crowdfunding donations since more people in your country or region can have easy access. One such payment gateway on Crowdfundly is aamarPay, especially integrated for the Bangladeshi community.
You can easily connect your Crowdfundly fundraising organization with your aamarPay account if you plan to seamlessly collect money from Bangladeshi users. Similar to the methods explained above, you need to go to the ‘Settings tab’ and select the ‘payment’ option from the settings page on your software dashboard.
When you scroll down the ‘Settings/Payment’ page, you will come across the aamarPay section. Here, all you have to do is insert your Store ID and password into the input field shown below.
And that’s it, you can easily raise funds from your clients and donors in Bangladesh, without any hassle. The money collected will instantly be deposited directly into your accounts through Crowdfundly.
Easily Manage & Track Fundraising With Crowdfundly
The crowdfunding platform also has an advanced wallet feature that helps you keep track of your financial data. You can easily view your entire financial summary as a list, or separately track the net amount, paid amount, awaiting clearance, tips received, and much more at once directly from your dashboard.
To learn about these payment methods in greater detail, you can visit our documentation page.
Bonus: Quickly Set Up WooCommerce Supported Payment Methods On Your Crowdfundly Plugin
Crowdfundly also brings you the flexibility to easily integrate your fundraising platform to your WordPress websites with the powerful Crowdfundly plugin. The plugin gives you a smooth app-like interface, with all the facilities that you find in the website platform and much more.
To collect donations from within your Crowdfundly platform on WordPress, you need to integrate your site with WooCommerce supported payment gateways. While this may sound complicated at first, the process is quite simple.
You need to install and set up payment methods for the WooCommerce plugin from the WooCommerce Settings interface on your website. Then, enable your preferred ways to collect donations and incorporate the API key and Secret key of these payment methods by clicking the ‘Set up’ buttons, as shown below.
Finally, you need to connect and enable WooCommerce payment methods on your Crowdfundly plugin. On your Crowdfundly ‘Settings’ page, you will find the option to integrate WooCommerce payment.
Here’s a step-by-step guideline that you can use to set up your preferred payment gateway in Crowdfundly plugin on WordPress.
Create Successful Campaigns And Raise Funds With Crowdfundly
Crowdfundly makes it simple to raise funds, create campaigns, and work with your entire team all in one place. It can truly take your crowdfunding experiences to newer heights and make them easier and more manageable.
Whether you operate from the SAAS platform or use the Crowdfundly plugin in your WordPress websites, you can securely collect funds.
We hope this in-depth guide is a help to you in setting up your crowdfunding organization; let us know about your experience and thoughts by commenting below. Subscribe to our blogs, and don’t forget to join our Facebook Community to get all the latest updates, special offers, and news.