Coin Up has partnered with WePay to send all of your donations to you. Once you register with Coin Up, you must set up your WePay account in order to receive funds. Make sure to check the email message from WePay and complete the process, so that we can distribute funds into your account promptly.
What is WePay?
WePay is a payments company based in Palo Alto, CA and processes transactions for over 250,000 merchants. WePay is PCI Level 1 Compliant (the highest level possible!). Donations will be deposited directly into your WePay account less all transaction fees. Charities have immediate ownership over their donations and funds are automatically transferred to their bank account on a monthly basis. Charities will be responsible for taxes based on their net income or gross receipts.
Please note: Even though you will provide an EIN, a SSN is of an authorized person is still required. This is to verify that the user is who they say they are, and to ensure proper tax reporting on WePay's side. If there are any concerns about this, please click on the link below: