PayPal launches its answer to GoFundMe

guest · Nov 19, 2020

PayPal launches its answer to GoFundMe
The platform lets you raise up to $20,000 for a good cause
November 19, 2020
https://www.engadget.com/paypal-generosity-network-130033494.html

PayPal is launching the “Generosity Network,” a new GoFundMe-esque service that enables individuals to launch fundraising campaigns. The company says that it is an “accessible, easy and secure way” for people to raise money for issues that matter, especially in the wake of COVID-19.

Each fundraising drive will last for up to 30 days, and there is a maximum limit of $20,000 imposed onto each project. PayPal is enabling users to donate their credit card rewards (through participating banks), converted to a dollar figure, as well as reminding everyone that they can add a $1 donation every time they shop online.
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Currently, the Generosity Network is raising funds for funeral expenses, disaster relief for Providencia and a number of people needing treatment for rare cancers.
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PayPal Launches Enhanced Giving Platform to Put the Power of Fundraising in Customer's Hands this Holiday

SAN JOSE, Calif., Nov. 19, 2020 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced enhancements to its Giving platform, to provide customers with a new way to directly connect with millions of people who can help them raise money on behalf of a cause close to their heart, and allow those who can help to give what they can this holiday season. Inspired by the rising popularity of peer-to-peer crowdfunding accelerated by the global pandemic, PayPal will now enable its customers in the U.S. to create customized fundraising campaigns for themselves, their community or their cause through the Generosity Network, to raise up to $20,000 over a 30-day period.
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