Hi there! So we just updated our policies during COVID to allow for student groups to use Venmo and Cashapp, but only for fundraising and most use it for bake sales when they are at a vendor table. We did have to make a policy that states that they cannot use it for ticket sales to events, as that was entirely too confusing on the backend of things.
For the fundraising, the venmo or cash app is one of the students accounts, it does not matter if it is personal or a group account, but within 72 hours of the reservation/fundraising, the group must provide the cash or check to our Student Funds Account for deposit. They include a receipt of all of the deposits along with the cash/check deposit. Then our business manager deposits it into their account.
If you are looking for more backend information, please let me know and I can connect you with our business manager.
Thanks!
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Chrissie King
Assistant Director
Rutgers University Camden
Camden NJ
chrissie.king@rutgers.edu------------------------------
Original Message:
Sent: 09-22-2021 11:48
From: Tessa Bravata
Subject: Venmo for Clubs
Hello!
Do any of your institutions allow clubs to collect money for fundraisers via Venmo or Cashapp? If so, could you tell me how this happens behind the scenes! What account is the Venmo linked up to? Does each club have their own account on Venmo, or is there one school account that all the funds are deposited in? We are old-school and still use cash for everything. Thank you!
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Tessa Bravata
Student Life Advisor
State College of Florida, Sarasota-Manatee
Venice, Florida
bravatt@scf.edu
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