Domain > 7reasonstoreconsiderusingvenmoforschoolsnonprofitfundraising.phonesites.com

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Date	IP Address
2025-12-08	104.21.50.52 (ClassC)

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!DOCTYPE html>html langen>	head>		meta nameviewport contentinitial-scale1.0, widthdevice-width />		meta nameapple-mobile-web-app-capable contentyes />    meta charsetUTF-8>    link relpreconnect hrefhttps://fonts.gstatic.com crossorigin>    link relpreload href/tachyons.css asstyle>    link href/tachyons.css relstylesheet />    link relsitemap typeapplication/xml titleSitemap href/sitemap.xml>      link relcanonical hrefhttps://7reasonstoreconsiderusingvenmoforschoolsnonprofitfundraising.phonesites.com/ />		link       relpreload       hrefhttps://fonts.googleapis.com/css?familyRaleway:400,700&displayswap       asstyle      onloadthis.onloadnull;this.relstylesheet />    		title>7 Reasons to Reconsider Using Venmo for Schools/Nonprofit Fundraising/title>		meta nametitle propertyog:title content7 Reasons to Reconsider Using Venmo for Schools/Nonprofit Fundraising />		meta namedescription propertyog:description content7 Reasons to Reconsider Using Venmo for Schools/Nonprofit Fundraising />		meta propertyog:type contentwebsite />		meta nameimage propertyog:image contenthttps://q.phonesites.com/?urlhttps://7reasonstoreconsiderusingvenmoforschoolsnonprofitfundraising.phonesites.com/?bypasstrue&cache1675019387720 />    link relicon href/favicon.ico />      meta nametheme-color content#f0f0e6 />		style>			body, .sans-serif,			.fw1, .fw2, .fw3, .fw4,			h1, h2, h3, h4, h5, h6, .b, .fw6, .fw7, .fw8,			select, input, label, textarea,			button, a{				font-family: Raleway, -apple-system,BlinkMacSystemFont,Segoe UI,Roboto,Oxygen,Ubuntu,Cantarell,Fira Sans,Droid Sans,Helvetica Neue,Arial,sans-serif,Apple Color Emoji,Segoe UI Emoji,Segoe UI Symbol;			}			body,  #formPopup > div{        background-color: #f0f0e6;			}              body, .sans-serif {          text-rendering: optimizeLegibility;          -webkit-font-smoothing: antialiased;          -moz-font-smoothing: antialiased;          -o-font-smoothing: antialiased;          -webkit-text-size-adjust: 100%;          -moz-text-size-adjust: 100%;          -ms-text-size-adjust: 100%;          -o-text-size-adjust: 100%;          -webkit-font-feature-settings: normal;          -moz-font-feature-settings: normal;          -o-font-feature-settings: normal;          font-feature-settings: normal;          font-kerning: normal;      }      p, div{          hyphens: inherit;          word-break: break-word;      }      button, a{          cursor: pointer;          word-break: initial;      }      a{        color: inherit;      }      form * {          transition: all .15s cubic-bezier(.645,.045,.355,1);      }           img{        line-height: 0;        vertical-align: bottom;      }      .bg::before, .bg::after {        position: absolute;        content: ;        top: 0;        left: 0;        bottom: 0;        right: 0;        z-index: -1;      }      .bg::before{        background: var(--bg-color);         background-image: var(--bg-before-image);        border-radius: var(--bg-radius);        opacity: var(--bg-opacity);      }      .bg::after {        border-radius: var(--bg-radius);        background-image: var(--bg-image);        background-repeat: var(--bg-image-repeat);        background-position: var(--bg-image-position);        background-attachment: var(--bg-image-attachment);        background-size: var(--bg-image-size);        opacity: var(--bg-image-opacity);      }      :where(body, iframe, pre, img, svg, video, canvas, select) {        max-width: 100%;        overflow: auto;        word-break: break-word;      }    /style>    meta namerobots contentindex, follow>/head>body classcf>  div idparent     classmw7 center db pv3 ph1>    div style>      div idchild         classpa3 pa4-ns mv4 br3 cf        style>              div idblock_1 classtc style>  h1    stylecolor: #000000;    classfw8 lh-title f3 f2-l>    b>7 Reasons to Reconsider Using Venmo for Schools/Nonprofit Fundraising/b>  /h1>/div>              div idblock_2 classtl style>    div      stylecolor: #000000      classpv2 db lh-copy f5 f4-l>      p>Is Venmo a suitable option for school organizations, teams, and 501c3 Booster clubs to raise funds?/p>p>br>/p>p>br>/p>p>The answer is not simple - while it is technically possible to use Venmo for fundraising, its not necessarily the best choice or even the legal choice. /p>p>br>/p>p>br>/p>p>Venmo, as a peer-to-peer platform, is not designed to serve groups with mandatory reporting and lacks the features needed to support nonprofits effectively. Here are several reasons why Venmo might not be the ideal choice for fundraising./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b>Venmo prohibits nonprofit usage./b>/p>p>br>/p>p>br>/p>p>Venmos terms of use clearly state that its peer-to-peer platform cannot be used for collecting charitable contributions. While Venmo may not actively enforce this, they reserve the right to freeze an account if they suspect its being used for nonprofit purposes. This could compromise both the organizations access to funds and the trust of donors who expect their contributions to be properly stewarded./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b>Venmo does not provide tax receipts./b>/p>p>br>/p>p>br>/p>p>The IRS requires nonprofits to provide receipts for all donations over $250 and donors need confirmation of their charitable contributions for tax purposes. Venmos transaction history does not include the information required by the IRS, so it does not meet the legal requirements./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b>Venmo accounts are tied to individuals./b>/p>p>br>/p>p>br>/p>p>To create a Venmo account, you need a phone number, email, and bank account. Although your nonprofit or PTA may have all of these, the issue is that Venmo prohibits nonprofit usage, so using it could put your organization at risk. Furthermore, connecting the account to one person could compromise transparency and ethics, while sharing login credentials with multiple people would result in unchecked access. Even Venmos business accounts must be created under a personal profile, leaving the same concerns unresolved./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b>Venmo has weekly spending limits./b>/p>p>br>/p>p>br>/p>p>People are limited to spending $299.99 per week on Venmo, which could hinder capital campaigns by limiting donor contributions. Additionally, verifying ones identity to increase the spending limit could raise questions about nonprofit usage./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b>Venmo has weekly withdrawal limits./b>/p>p>br>/p>p>br>/p>p>The maximum amount that can be transferred to a bank account is $999.99 per week, which increases to up to $19,999.99 per week with identity verification. This could cause delays in officially claiming significant contributions and impact accounting./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b styleletter-spacing: -0.04vw; -webkit-text-size-adjust: 100%;>Withdrawals are limited with Venmo./b>br>/p>p>br>/p>p>br>/p>p>Each week, you can only transfer up to $999.99 to your bank account unless you verify your identity. This increases the weekly limit to $19,999.99. The process of verifying your identity and claiming significant contributions can impact your accounting./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b>Tracking and reporting can be difficult with Venmo./b>/p>p>br>/p>p>br>/p>p>Venmos interface, which features an endless-scroll feed, can make it difficult to categorize payments. This can lead to missed or mistyped donations. You can download Venmo statements, but you can only do so one month at a time./p>p>b>br>/b>/p>p>b>br>/b>/p>p>b>It can be challenging to track all payments on Venmo./b>/p>p>br>/p>p>br>/p>p>Payments may not always have payment details, such as a checks blank memo line. While you can ask people to include payment details, some may forget. As a nonprofit, its essential to keep track of every dollar received to prevent concerns over unrelated business income./p>    /div>/div>      /div>    /div>  /div>      script>    if (window.self ! window.top) {      const resize  function(){        try{          const data  {            page: window.location.pathname,            height: document.body.offsetHeight          };          parent.postMessage( data, * );        }catch(e){ console.error(e) };      };      document.addEventListener(readystatechange, resize);      window.addEventListener(resize, resize);      if(MutationObserver){        const mo  new MutationObserver(resize);        mo.observe(document.body, {            childList: true,            attributes: true,            characterData: true,            subtree: true,            attributeOldValue: true,            characterDataOldValue: true        });      };    };  /script>        /body>/html>

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Domain > 7reasonstoreconsiderusingvenmoforschoolsnonprofitfundraising.phonesites.com

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