Network for Good offers two disbursement methods for funds raised through your Network for Good fundraising page. (Note: Quick Pay is only for fundraising page customers. Quick Pay is not available for organization using our older DonateNow donation pages.)
1) Network for Good’s Standard Processing uses Network for Good’s (a Delaware 501(c)(3) organization), Donor Advised Fund (DAF). Donors donate to Network for Good’s Donor Advised Fund and request that the DAF grant online donations to your organization. Donations are disbursed on the 15th of each month, and a disbursement will consist of donations collected in the previous calendar month.
2) The Quick Pay processing method uses WePay as the payment processor. Donors donate directly to your nonprofit. This disbursement method is only available to organizations with a 501(c)(3) status and that do not have a fiscal sponsor.
When does each disbursement methods release funds?
For organizations that use Network for Good’s Standard Processing, Network for Good sends your nonprofit a check, or deposits the disbursement via EFT to your organization’s bank account on the 15th of the month for funds collected over the previous month.
Quick Pay allows you to access funds raised on your Network for Good fundraising page as soon as the transaction clears (usually within 24-48 hours).
How do I switch to Quick Pay?
If you’d like to switch to Quick Pay, please fill out this form. Once your account is initiated, our team will email you instructions to complete the final steps and to ensure your account is set up properly. Note: Once we initiate your Quick Pay account, your donation page cannot accept donations until you finish the Quick Pay set up.
How much does Quick Pay cost?
Quick Pay is $25/month, paid annually.
Network for Good’s Standard Processing does not add any addition monthly charge to your subscription.
Can fiscally sponsored organizations sign up for Quick Pay?
No. Only organizations with their own 501(c)3 status can use Quick Pay.
Will my donor's recurring donations be transferred over if I switch to Quick Pay?
Yes, but it does require one step from your donors in order to do so! Your donors will simply need to log into their donor accounts, and re-enter their credit card information so the recurring donation can process normally moving forward.
How do refunds and chargebacks work with Quick Pay?
There is a $15 fee for every chargeback. Your organization handles all donor questions and refunds directly.
What payment methods are accepted with Quick Pay?
Visa, Mastercard, Amex and Discover are accepted payment methods.
Is my nonprofit’s name on the receipt?
Yes. Because the donation processing is happening outside of Network for Good’s Donor Advised Fund, your organization’s name will appear on the receipt. Your organization’s name will also appear on the donor’s credit card statement.
Will each donation show up as a separate deposit in our bank, or are donations deposited in batches?
WePay deposits are batched, so you will recieve all donations that were recieved within a specific time frame (usually, since the last deposit that you initiated) in that batch.
How often can we make deposits into our bank from WePay?
You can choose to have those deposits made on a daily, weekly, or monthly basis.
Have additional questions?
Please contact us.