We are so excited to announce that Keela has partnered with BitPay to allow crypto donations through your Keela Forms!
Please note that BitPay will be available for US and Canadian customers to start! (Australia, New Zealand and UK we are coming for you very soon!)
Note: This is based on the charitable status of your organization!
So you might be wondering, what is BitPay? BitPay is a bitcoin payment service provider headquartered in Atlanta, Georgia in the United States. It was founded in 2011. They provide Bitcoin and Bitcoin Cash payment processing services for merchants. They are one of the largest crypto payment processors in the world. BitPay will allow you to accept cryptocurrency donations towards your cause.
Signing up with BitPay
You can sign up for BitPay by going here and creating your account: https://bitpay.com/dashboard/signup. In order to sign up and receive crypto donations, you'll need to sign up your organization as a business and provide all the information from your organization.
Ensure that you toggle on the option for "Fiat Settlments" in the dashboard so that BitPay can do the autoconversions.
There is no cost to create your BitPay account or to integrate your account with Keela. However, BitPay will charge you a 1% fee on each transaction.
Keela will be charging you a 2% fee for each transaction as well.
Connecting BitPay to Keela
In order to connect BitPay to Keela, you can follow the directions on this article: Connecting BitPay.
What can't I sync my crypto donations to Xero/QBO?
Crypto donations are considered in-kind donations. At this time, Keela does not sync in-kind donations to Xero or QBO!
Can I log crypto donations in-app?
At this time, we are only doing crypto donations via a Keela form.
BitPay offers more crypto currencies than Keela has included on the forms. Why is that?
BitPay has over 14 cryptocurrencies that they support. However, they don't support flat conversion rates for all of them. For that reason, we don't provide those coins as an option, as we rely on the conversions from the form and receipting process.