Before members can join and renew online a PayPal account needs to be set up and configured as describer in 7.9.1 Setting up Online Membership Payments
Using PayPal
Beacon makes a direct connection with PayPal using the email address of your PayPal account. When someone pays for an online membership application or renewal via PayPal, the amount they have paid is transmitted to Beacon automatically.
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The amount is divided between that paid to the U3A and that retained by PayPal as commission. At the time of writing the Charity rate of commission is (1.4% + 20p); so on a membership fee of £10 your U3A will pay 34p commission and on a fee of £20 you will pay 48p (there is no additional charge to the member). The net amount is posted to Beacon's PayPal Account, which should reflect the balance on your account with PayPal. The gross amount on the associated Beacon Transaction is categorised as Membership and the negative commission is categorised as PayPal Commission. |
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Each online transaction will generate confirmation emails that are sent to the member and to the U3A’s PayPal email account.
From time to time your treasurer will transfer money from your PayPal account to your U3A bank account. A minimum of £50 should be transferred each time to avoid additional PayPal fees. This transfer must be reflected in Beacon using the Transfer Money facility (see 7.3).
Note: Beacon does not have access to or store any card details or other financial information. These are all handled exclusively by PayPal.
Revision History
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v2 |
2020-07-05 |
Graham Tigg |
Updated PayPal guidance in view of Beacon 2. |
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v3 |
2020-07-14 |
John Alexander |
Remove advice on delay Paypal |
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v4 |
2021-04-28 |
Graham Tigg |
Removed B2 references |
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