While Stripe's account creation language is business-centric in some cases, Stripe is equally easy to set up and use for personal or non-profit events.
Regardless of your event type, you will still need to complete the 'Account Application' to accept and process payments of any kind.
Your Product
Tell Us About Your Business
Simply enter in details about your event and why you're collecting payments. If accepting monetary gifts for your wedding, for example, enter something like:
"Accepting monetary gifts from my wedding guests."
If for a non-profit event, for example:
"We're accepting donations for my organization's upcoming event. Our organization is called Pets First."
Your Website
Enter any personal, professional or RSVPify event web address.
If using RSVPify for an organizational event, enter in the URL of your organization's website.
If you're using RSVPify for a wedding, for example, enter the URL of your wedding website or RSVP event.
Account Details
If accepting payments personally, select Individual / Sole Proprietorship. Enter your Social Security Number as the Tax ID.
If accepting payments for your non-profit or student organization and you don't have a Tax ID, select Individual / Sole Proprietorship. Enter a Social Security Number of an organizational board member or executive.
You, the Business Representative
Enter your personal details. If accepting payments for your non-profit or student organization, you must enter the personal details of an authorized board member or organization executive.
Credit Card Statement Details
Make this something that your guests will readily recognize as associated with you or your event. Examples...
John and Jane Doe
Monrovia Student Council
Pets First United
Alpha Zi Delta Sorority
Are there tax implications to accepting payments or gifts through Stripe?*
While Stripe's setup is indeed (and unfortunately, for private users) business-centric in some cases, Stripe operates just like PayPal and other online payment leaders and is hugely popular among private individuals and small organizations as well as businesses.
While by no means tax advice, and you should consult your tax or account professional, the same local and federal laws in your country and region should apply to payments processed by RSVPify and the Stripe platform as would apply to payments processed by other means.
A non-taxable gift received offline should also not be taxable if the payment is received online; Monetary gifts received through Stripe should have the same tax implications (in most cases, none) as cash gifts received through other means
Payments accrued for a private or not-for-profit event that is otherwise non-taxable should also not be taxable if these payments are processed online
(Legally, Stripe does need to ask for a piece of personal information such as SSN or organizational tax ID in case payments processed are taxable and a governmental entity inquires.)
In summary, regardless of the online or offline platform used for payment collection, the same tax laws in your country and region should apply. Consult a local tax professional for more information.
*RSVPify is not a tax advisory entity, and the above should not be regarded as tax or legal advice. RSVPify is not responsible or liable for failure to comply with local, state or Federal laws applicable to you or your organization, and you should seek professional advice for your event, organization or use case.
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