Convio and PayPal Team Up to Boost Donations for Nonprofits
Austin, Texas (June 16, 2010) —
Convio (Nasdaq: CNVO), a leading provider of on-demand constituent engagement solutions that enable nonprofit organizations to more effectively raise funds, and PayPal today announced an agreement that will enable nonprofits to quickly and easily implement PayPal to collect donations online.
PayPal will be a part of Convio’s integrated services, making it simple for Convio’s 1,300 nonprofit clients to add PayPal to their site and collect donations. PayPal’s nonprofit services include comprehensive reporting tools and discounted rates for 501(c)(3) charities.
“By adding PayPal as an integrated donation option to their sites, the nonprofits we serve will have access to PayPal’s more than 84 million active accounts. We consistently heard from our nonprofits that they wanted to provide their donors with the convenience of PayPal,” said Sara Spivey, Chief Marketing Officer of Convio.
“We’re thrilled to work with Convio to help nonprofits boost their fundraising efforts,” said Judy Chang, PayPal senior manager, nonprofits. “With PayPal, nonprofits can grow their supporter base globally. Nonprofits can accept donations in 24 currencies and tap into PayPal’s member base in 190 countries and markets.”
Angel Aloma, Executive Director, Food for the Poor, “Through the collaboration between Convio and PayPal we are able to reach, inspire and engage more people to strengthen our work. Convio’s open platform and integration options provide donors with payment choices and flexibility to better support Food For The Poor’s mission. Making it easier for the more than 84 million PayPal account holders to help us save lives on a daily basis is an exciting opportunity.”
Food For The Poor is the number one international relief and development charity in the United States, feeding 2 million people every day. The organization’s interdenominational Christian relief programs and projects are helping children and the poorest of the poor by providing food, housing, health care, education, water projects, emergency relief and micro-enterprise assistance in the Caribbean and Latin America.
PayPal is already helping more than 100,000 nonprofits securely collect donations online – and an average of 250 additional charities join the PayPal community every day. Convio’s clients benefit from integration with the organization’s constituent relationship management software to better manage relationships with donors and other constituents. To learn more about adding PayPal to your nonprofit organization’s website, click here.
Forward-looking Statements
This press release contains forward-looking statements intended to convey expectations as to the future based on plans, estimates and projections. Although we believe that the expectations reflected in such forward-looking statements are reasonable, future circumstances might differ from the assumptions on which such statements are based. In addition, these statements can be affected by inaccurate assumptions and a variety of risks and uncertainties that could cause actual results to differ materially from those described in this press release including, among others: unfavorable economic and business conditions, in particular with respect to the nonprofit market in which we operate; our ability to attract new customers; the loss of significant customers or a substantial reduction in orders from our existing customers; the reduction in usage of our systems by our customers or their clients and a corresponding reduction in usage revenue, the inability of customers to pay for our solutions and services; our continued success in sales growth; our ability to develop new or enhanced solutions to meet the needs of our clients; technological changes that make our products and services less competitive; risks associated with successful implementation of multiple integrated software products; and the ability to attract and retain key personnel. Other risks that could impact our business adversely are those risks generally associated with management of growth; lengthy sales and implementation cycles; intellectual property infringement claims and other litigation; reliance on certain third-parties, including hosting facilities, software and application providers; the ability to access sufficient funding to finance desired growth and operations; legislative actions which could reduce the effectiveness of our solutions and increase the costs of our business. These factors and other risks and uncertainties are described in more detail, from time to time, in Convio’s filings with the Securities and Exchange Commission which are available free of charge at www.sec.gov or on our website at www.convio.com/investor. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Convio does not undertake to update or revise any of these statements as a result of new information, future events or otherwise.
About Convio
Convio is a leading provider of on-demand constituent engagement solutions that enable nonprofit organizations to more effectively raise funds, advocate for change and cultivate relationships with donors, activists, volunteers, alumni and other constituents. For more information, please visit www.convio.com.
About PayPal
PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With more than 84 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payment service, the Payflow Gateway and Bill Me Later. The company's open payment platform, PayPal X, allows developers to build innovative payment applications on multiple platforms and devices. More information about the company can be found at https://www.paypal.com.
Press contact:
Charlotte Hill
PayPal
Chhill@paypal.com
408.967.5754
Press Contact:
Karoline McLaughlin
Director, Corporate Communications
Convio, Inc.
kmclaughlin@convio.com
512-652-7865