How Payments Work and Using Stripe

Security is a top priority for PHIL. Every page on PHIL is safely encrypted, including especially login and account pages, as well as donation checkout.

PHIL uses Stripe to process credit card transactions online. Stripe is a major credit card processor for online businesses, processing billions of dollars of business every year for start-ups to Fortune 500 companies and provide credit card processing for some of the most popular Crowdfunding websites. They are a reputable and secure credit card portal.

Setting up your own Stripe account and connecting it in your PHIL Account settings means that donations can be deposited directly to your bank account securely and efficiently.

Stripe typically makes deposits to your bank account, minus transaction fees, 2 business days after the donation payment is initially received. There are no holds on ASK donations by PHIL, so you are able to collect the funds donated before the ASK deadline is complete, and keep those funds even if the ASK is not completely fulPHILd.

Stripe’s transaction fee is 2.9% +$.30 per transaction. PHIL transaction fee is 4%

Here are some key documents from Stripe on how to set up and manage your Stripe account:

Find more account resources and information on the
nonprofit account Resources Page.

Questions? Comments? Please feel free to contact PHIL at admin@philtheneed.com