How to Receive the Nonprofit Rate through Stripe
For all payments made through the Eleo platform, the processing solution used is EleoPay powered by Stripe.
Stripe offers a discounted processing fee for qualifying nonprofit organizations. In order to receive this discount, Stripe requires that you email nonprofit@stripe.com with the following information:
- Your EIN, or a letter from the IRS designating your 501(c)(3) status
- Confirmation of the primary email address associated with your Stripe account
- Confirmation that grater than 80% of your payment volume will be tax deductible donations
Here is a simple template you are welcome to use!
Hello,
I’d like to apply for Stripe’s nonprofit processing discount. Our EIN is [EIN#]. I confirm that the email on our Stripe account is recognized as our organization’s main email. All payments we process are fully tax-deductible donations.
Thank you,