Multiple Payout Methods
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Wendy Talio
Nonprofits accounts are scrutinized for keeping (at a minimum) operational funds in separate accounts from project specific and program funds. Not doing this (or trying to and getting it wrong) impacts everything from our credibility and credit ratings, eligibility for grants and foundation moneys, and generally staying out of unintentional trouble with the IRS. Inablity to send funds received to the fund they belong in creates a a complicated layer of manual tracking that is time consuming, error prone and eats up time that would be better spent on our missions. Adding manual switching of defaults does not really save time or reduce errors. This is enough of an issue to find another platform.
Jim Presley
Is this still a limitation?
Tom Spindle
Jim Presley: Hi Jim, great question. Short answer, not entirely a limitation. Longer answer, you can currently link multiple payout methods in Payouts > Settings. Only one bank account can be set as the default for payouts. To change which account is paid out to, you can temporarily switch the default to the other bank account in that Settings tab, then withdraw funds for a campaign to that newly selected default account, and then switch back to the original default payout method.
That capability came baked into a Payout > Settings update we made, so there is nothing automated about it, and it is not in an ideal state which is why we have left this feature request open. Would love your thoughts on the feature as is, along with what else you would hope to see with multiple payout methods. Thanks!
Shane Bakewell
This is the main reason we can't consider Givebutter for our donation processing.
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Paula Torres
Anything on this yet? I really need it. I'm going to have to create another account with a different email, just to keep our funds separate and I didn't want to have to do that.
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Patty Thayer
Seeking an update on this feature request. Just like Umar Saleem, we also use multiple bank accounts and would prefer to have money routed to the correct account based on Fund selected VS us trying to manually do a reconciliation at the end of the month.
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Umar Saleem
Is there an update to this feature request? We currently use multiple bank accounts and would prefer to have money routed to the correct account based on Fund selected VS us trying to manually do a reconciliation at the end of the month.
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Paula Gore
What is the status of this? Our organization would really like this functionality; we are a school nonprofit that uses multiple bank accounts for different aspects of fundraising.
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George Cline
I am in total agreement with this need. We have multiple people raising funds for one non-profit and need to have the funds flow to the people that raised the funds.
Jesse Saldana
open
Kait Cogswell
Merged in a post:
Alternatives Banks for Payouts
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Kelley Hunsberger
Be able to have alternative bank accounts to select which one a payout can go into.
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