Monday, June 24

PayPal Launched Crowdfunding platform Generosity Network

SAN JOSE, Calif., Nov. 20, 2020: Global cross-border online payment platform PayPal will now enable its customers in the U.S. to create customized fundraising campaigns through its newly launched Generosity Network.

Inspired by the rising popularity of peer-to-peer crowdfunding, Paypal Generosity Network let people raise up to $20,000 over a 30-day period.

More than half of charitable organizations in the U.S. expect to raise less money than they did in 2019, as a result of the financial strain experienced by people and businesses across the country since the start of the pandemic. 

With more than 65 million Americans filing for unemployment over the course of the pandemic, many have turned to family, friends, and the generosity of those in their community who have been able to provide support.

Now, with the Generosity Network, PayPal is providing a new way to seamlessly connect those who need a helping hand with millions of others who can give back and offer their support.

Generosity Network campaigns can be created in just a few simple steps from the PayPal website. Donations are deposited directly into the organizer’s account with PayPal, allowing them to easily distribute the funds to their intended cause be it a small business, charitable organization, friend, family member or even themselves.