PayPal Introduces Grant Payments for Charities

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PayPal has partnered with National Philanthropic Trust and Vanguard Charitable to launch Grant Payments, enabling donors to deliver grants to charities quickly via PayPal.

Grant Payments will enable charities to receive grants shortly after the funds have been approved by the grantmaker. Both grantmakers and charities will have access to all available grant details, including donor information when provided, via a PayPal dashboard. Eligible and participating charities have been vetted per PayPal's strong compliance standards.

PayPals officials stated that by partnering with National Philanthropic Trust and Vanguard Charitable, PayPal Grant Payments will enable more than 200,000 PayPal confirmed charities to quickly receive grants electronically, streamlining and simplifying what has historically been a much more manual and drawn-out process.

(Source: The Paypers)