I would like to receive donations on a website instead of having commercials or subscription fees. I am an individual, not a non-profit organization and will not be giving tax-deductible receipts. Is it possible to use PayPal to receive donations/contributions?
Yes, Paypal has such a button you can use, but to be clear, the money you receive is taxable income. Your website is providing 'value' to the readers, and while they may feel they are making a gift to you, it's earned income as far as the IRS is concerned.
(This assumes you are in the US, you may wish to add a tag to indicate your country)
Yes, PayPal allows you to add a donate button to your website. You're responsible for any tax record-keeping related to income from the donate button.
An answer from PayPal stated that donations may be turned on only for Business PayPal accounts that are verified for its non-profit status.
Such PayPal Business account must be opened in the name of non-profit organization (not a single person) and go through verification process.
One must provide the following information:
That would mean that one cannot ask for donations as a private person, at least in Croatia, and probably in Europe.
protected by Chris W. Rea Feb 7 at 17:10
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