Accepting membership fees via personal PayPal account
September 8, 2013 8:44 AM Subscribe
I recently took on a role as club treasurer for a local chapter of a 501(c)3. I'm preparing to collect membership dues and was told that previous treasurers have accepted membership fees through a personal PayPal account which they then transferred to the club bank account, from which they then paid the membership dues to the parent organization. The personal PayPal account is to avoid the hassle and possible fees of setting up a Paypal account for our chapter.
My gut feeling is that accepting membership dues through a personal account is potentially problematic. Is it, and if so, why?
References are appreciated, as I may have to argue my case.
posted by anonymous to law & government (13 answers total)