Mobile Commerce

PayPal's Mobile Charity Donations Jump 28 Percent

PayPal has found that the gift that keeps on giving — that is, charity — has been growing across mobile, to the tune of double digit percentage gains in the most recent data compiled through the holiday season. In a press release from the company on Monday (Dec. 28), the firm said that the donations have all come in a rush, as 10 to 20 percent of total charitable donations come through the last three days of the month.

[bctt tweet="The gift that keeps on giving — that is, charity — has been growing across mobile."]

The company noted that the rush can be attributed at least partly to the deadline to grab tax breaks that comes on Dec. 31.

Separately, the statistics show growth of as much as 28 percent in charitable donations done through mobile channels year over year, with a fairly sizable sum coming through the month that ended from Nov. 27 to Dec. 28 of this year, to the tune of $630 million across the PayPal platform.

Separately, the company said that in reference to maximizing tax impact as relates to charitable giving, there are a number of avenues to pursue. Among those recommendations, as prescribed by Clam Lorenz, general manager of social innovation for PayPal, donors can check to see if their companies can match charitable donations for their employees. On this front, the company takes no fees and will add another 1 percent to donations of at least $10 or more for all donations to charities made through the PayPal Giving Fund.

In addition, the donations should be treated as an investment would be, said Lorenz, with a tax deductible designation in place, such as a 503c. That can be ascertained with a check of the database known as the Exempt Organizations Select Check, said PayPal. And as always, donations should be cross-documented with a paper trail that includes receipts geared specifically to the tax deduction status.

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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