Transfer PayPal Funds
The Party has a PayPal Pro account which allows supporters to use either their own PayPal account or VISA or MasterCard credit cards to join the Party or make a donation. Periodically (every week or two) this money needs to be transferred from the PayPal account to the Parties chequing account. At some point we may be able to 'spend' the money in this account, i.e. transfer money to suppliers. At the moment, the Treasurer keeps $200 in the PayPal account for such an eventuality. Unfortunately PayPal wont even allow us to transfer the monthly $35.00 fee for PayPal Pro to PayPal!
Transfer Funds from PayPal
The actual transfer of funds is simple. PayPal provides a function to transfer some or all of the funds in the account to our TD Canada Trust chequing account. It arrives in the account 2-3 days after the transfer is processed by PayPal.
Reconciling the donations and other fees (e.g. Conventions and AGMs) received by PayPal and recorded in CiviCRM is a little more complicated. (Fees and membership dues from members living outside of Ontario are not treated as donations.)