Stripe and PayPal are excellent payment processors that interact with the banks' charging facility. However, while they allow you to accept online transactions, they don't offer a specialized form to collect donations or store donor data. They also don't provide a good facility to manage recurring donations. Donorbox, on the other hand, is optimized for giving.
Here is why Donorbox is better than just Stripe or PayPal alone
Customizable Optimized Donation forms
Donorbox offers customizable donation forms that can be easily branded and crafted for smooth fundraising and a pleasant user experience.
Recurring Donations
Donorbox makes it much easier to set up recurring donations (weekly, monthly, quarterly, or yearly) directly within the form, increasing donor retention.
Donor Management and Engagement
Donorbox helps manage all donor information in one place. It creates a detailed donor database that allows for personalized engagement.
Advanced Fundraising Features
Donorbox provides several useful tools that are specific to fundraising. From tracking fundraising goal amount and a donor wall for social proof to custom form questions and in-memoriam donations, Donorbox is built to support and enhance the fundraising experience.
Peer-to-Peer Fundraising
Peer-to-peer fundraising allows supporters to create their own fundraising pages to help promote the organization’s cause. This type of grassroots fundraising is much more challenging to implement with Stripe and PayPal alone.
Multiple Payment Options in one place
Donorbox supports a variety of payment methods, including credit/debit cards, ACH bank transfers, Apple Pay, Google Pay, and direct PayPal payments, all within a single platform.
Reporting and Analytics
Donorbox provides comprehensive data on donation activity, including real-time analytics and customizable reports. This makes it easier to analyze campaign performance, track donor behavior, and make data-driven decisions to improve fundraising strategies.
Compliance and Data Security
While Stripe and PayPal do offer secure transactions, Donorbox adds an additional layer of compliance and data security, ensuring that the nonprofit is protecting donor information and giving them a safe secure donation experience. Donorbox also has in-house fraud detection measures that Stripe and PayPal do not offer by themselves.
Tax Receipts
Donorbox automatically generates customizable tax-compliant donation receipts, which simplifies end-of-year reporting for donors and saves time.
Unified Management
Donorbox acts as a centralized hub for all fundraising efforts, giving the user a single place to manage donations, campaigns and donors. This unified approach is more efficient than managing separate systems for Stripe and PayPal transactions.
Lower Technical Overhead
Setting up a donation system with just Stripe and PayPal can require more technical expertise, especially for customization and integrations with other relevant fundraising tools. Donorbox simplifies this process, offering an easy, non-technical way to create professional-looking forms and pages.