Fundraising needs Crypto!
The article explains how to accept crypto donations and why it is a very promising and effective venue for fundraising.
Cryptocurrencies have changed the way the financial world used to function. They have become the reformed and effective digital currencies that took over the banking systems. Almost every industry is harnessing the potentials of cryptocurrency and making a decentralized payment arena for the companies. Whether it is e-commerce or the medical industry, decentralized payments have been of great use to everyone.
Cryptocurrencies are also contributing to charity. Yes, you can donate cryptocurrency to charity and non-profit organizations. Crypto donation buttons on a charity website is one of the best way to optimize fundraising. Why? Let’s take a closer look.
Why You Should Receive Donations in Cryptocurrency
Cryptocurrency is the brand-new currency that every industry has been leveraging on. When it comes to donations, people have started to donate Bitcoin and other cryptocurrencies for a change. There are plenty of reasons why you should accept crypto donations. Here are a few prominent reasons to do so-:
Raise more:
- Cryptocurrency fees are significantly lower than fiat fees, so you’ll get much more funds for your Great Cause.
- Tax deductions — In some countries, donations in crypto, as it is considered property rather than capital, are tax-deductible.
- Cryptocurrency could be a great investment, too.
- You can never have too many donation venues. Add cryptocurrency to fiat!
- Even the smallest donations are possible, enabling grassroot fundraising opportunities.
- NOWPayments has lowest donation minimums in the crypto world
- NOWPayments offers multiple currencies + automatic crypto conversion
- NOWPayments boasts average 0,5% flat fee + high volume discounts + no chargebacks.
New potential audience:
- Core Communities: As a rule, every cryptocurrency has its own solid and very dedicated community, which is more than happy to see their favorite coin in use for the greater good.
- Tech-savvy, wealthy demographics: Crypto world has its fair share of wealthy individuals, so becoming one of the first charities to accept crypto will appeal to the tech-savvy, wealthy demographics.
- NOWPayments is thrilled to engage both coin communities and crypto-media in the process!
Boost your brand and get better visibility:
- NOWPayments can help with our customized widgets and buttons that will be tailored for your needs!
Transparency and Security:
- Blockchain technology allows to track donations, showing the donors that their funds are used for the proper cause.
- Crypto payments are irreversible, protecting you from losses on chargebacks.
- NOWPayments has a convenient dashboard to track all your transactions that go straight to your wallet, as we are non-custodial.
Global coverage. There’s no need for banks. Donors can use a crypto donation widget or button — as simple as that!
How To Receive Donations in Cryptocurrencies?
The first thing that you need to learn is how to accept donations in cryptocurrency. There are several ways to do so.
Payment Processor — NOWPayments
The most common and fastest way to accept crypto donations is to use a donation platform that instantly converts the crypto into local currency. NOWPayments can help donors donate 30+ cryptocurrencies. One just has to set up a donation button.
How? Continue reading in the NOWPayments blog!
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Why use NOWPayments.io?
NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. This service is custody-free, has competitive fees and is available worldwide.
- Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
- API, widgets, plugins and a donation button are all easy to integrate;
- It is a non-custodial service ensuring the security of your funds;
- A very simple setup
