Now that your Classy account is set up, it’s time to activate your payment processor to collect donations. Setting up WePay is fast and simple, and can be done as quickly as minutes. This article will explain the simple process of completing the setup process for the WePay that will be tied to your Classy account. By the end of this article, your WePay account should be fully set up and able to transact!
1. Activate your WePay Account
2. Complete the WePay Trust Center
a. Verify Information
b. Link Bank Account
1. Activate your WePay Account
To activate your WePay account, please go to https://www.classy.org/npo/wepay. If you are a domain masked client, you will want to use your domain masked portal instead of Classy ex: https://fundraise.educationfund.org/npo/wepay. Click on "Activate WePay Account"
This should bring you to a WePay login screen that asks you to grant Classy access to WePay. Please note that you can either attach an existing WePay account, or you can create a new one by clicking "Sign Up". If you are signing up for a WePay account, it will autofill the name and email of the individual who signed up for the Classy account. However, in creating your WePay account, please fill in the name and email of the individual at your organization who will be the primary individual managing the WePay account. This name and email will be the primary owner of the WePay account, which gives them full administrative privileges to administer the account. Other admins can be added on at a later time if needed. Additionally, please note that if the email is already used by another Merchant (ex: GoFundMe), a different email will need to be used.
2. Completing the WePay Trust Center
Congrats on creating your WePay account! At this point, your WePay account has been activated, and is ready to accept donations. However, the WePay Trust Center will need to be completed in order for WePay to transfer the collected money into your bank account. Completing the WePay Trust Center is a two part step that asks you to verify your identity and link your bank account. While you can complete the WePay Trust center at a later time, you must complete the WePay Trust Center within the first 30 days of activating your Classy account. If you do not complete the Trust Center within 30 days of activation, any donations you have collected during that time will be refunded. To finish this step, please click "complete now" to be taken to your WePay Account Dashboard.
A. Verify Your Information
By law, WePay is required by US Department of Treasury and US Department of Justice to collect and verify certain information about their customers.
Please create your account as an Organization type. Next, you will enter in your organization's information as well as your own.
Note: when verifying your account, you will be asked to enter the last 4 digits of your Social Security number. Why you ask? WePay needs to verify your individual identity, and confirm that you are authorized to act on behalf of your organization. With this information, they may also be able to increase your maximum transaction limit, and withdrawals and help with any disputes that are charged against your account. For more information about why WePay requires your Social Security Number, please click here.
B. Next link a bank account
You're halfway there! The last step is to add your banking information
Select whether you'd like to receive your funds by bank transfer or check.
Enter the routing information for the bank account where you would like WePay to deposit your donations. Here, you can also select the frequency with which you wish to receive your payments: you can choose Daily, Weekly, or Monthly.
Note: WePay completes their bank transfers through ACH Payments. If your bank account provides different routing numbers for different transfer methods, please keep this in mind.
Additional notes: Please note that this is a mandatory step in setting up your WePay account. WePay's Trust Center allows you to confirm your identity and provide more information about your organization. WePay uses this information to better understand how you are using WePay to set more appropriate reserves for your account. With this information, they may also be able to increase your maximum transaction limit and help with any disputed that are charged against your account.
If you need any additional information about setting up your WePay account, please feel free to reach out to our Support Team at firstname.lastname@example.org