PayPal Holdings, Inc. 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.
More than half of charitable organizations in the U.S. expect to raise less money than they did in 2019, as a result of the financial strain experienced by people and businesses across the country since the start of the pandemic.1 With more than 65 million Americans filing for unemployment over the course of the pandemic,2 many have turned to family, friends, and the generosity of those in their community who have been able to provide support. Now, with the Generosity Network, PayPal is providing a new way to seamlessly connect those who need a helping hand with millions of others who can give back and offer their support.
Want to learn more about how consumers are planning to pay this holiday season?
The Strawhecker Group (TSG) and the Electronic Transactions Association (ETA) surveyed nearly 1,000 U.S. consumers in November to understand spending habits, payments preferences, and opinions on emerging payment technologies this holiday season.