Payment Methods
Infinite Giving allows nonprofits to accept various payment methods. Once a nonprofit is onboarded onto the Infinite Giving platform, they can request access to various payment processing methods—we call these "Capabilities".
Stocks
Stocks are one of the most tax-advantaged ways for people to donate to nonprofits. We currently allow nonprofits to receive stock donations for most publicly listed stocks (NYSE, NASDAQ, OTC).
Setup
Your application shows a legal attestation that the organization must agree to.
This process typically takes 2-3 business days.
We'll send you a webhook, you can also poll our API.
Legal Attestation
The organization must agree to the Infinite Giving Form ADV, the Infinite Giving Advisory Agreement, and the Apex Customer Account Agreement. This consent is provided by you to our API.
Fees
Infinite Giving does not charge a processing fee for stock donations. There are exchange and SEC fees that are charged for stock donation sales, however these are minimal—typically a few pennies.
Legal
Infinite Giving Advisory Services, Inc. opens a brokerage account for nonprofits through Apex Clearing Company. Apex has $200B in assets under management and is a SEC regulated broker dealer.
Crypto
In a similar fashion to stocks, cryptocurrencies have additional tax benefits compared to cash donations. Infinite Giving currently allows nonprofits to automatically receive Bitcoin (BTC) and Ethereum (ETH) cryptocurrency donations. We also allow nonprofits to accept other coins through a separate manual workflow.
Setup
Your application shows a form for the organization to apply for cryptocurrency donations.
Given the compliance-heavy nature of cryptocurrencies, opening a crypto wallet may take up to 6 weeks.
We'll send you a webhook, you can also poll our API.
Application questions
- How much cryptocurrency do you expect to receive in a year?
- Do any of your donors account for 10% or more of your overall donations?
- If so, who are those donors?
- Who makes up your typical donor base? (Check all that apply)
- US Individuals
- US Companies
- US Government
- Non-US Individuals
- Non-US Companies
- Non-US Governments
The organization will also have to consent to the Infinite Giving Cryptocurrency Terms of Use.
Fees
Cryptocurrency processing incurs a 1% platform fee to the nonprofit, paid to Infinite Giving Technologies, Inc. Additional trading fees are charged by Gemini Trust Company, LLC.
Legal
Infinite Giving Technologies, Inc. opens wallets for nonprofits through Gemini Trust Company, LLC, a New York regulated trust company.
