Setup a Stripe Payment Processing Merchant Account
At Chance2Win, we want to help guide you through setting up your own payment processing. While we are the only online raffle solutions that supports Square, Authorize.net and Stripe for fundraising, Stripe is particularly special. It’s the only processor that works with our Zero Fee Option, where your supporters can cover the small service charge at checkout. Plus, Stripe offers great discounts for nonprofits!
We often hear from organizations asking about Stripe setup, so we’ve created this simple guide to help you through the process.
Remember, you’ll need to set up your own Stripe account directly with Stripe (we can’t do this for you). First, create a regular Stripe account, choose “nonprofit organization” during setup, then email nonprofit@stripe.com with your documents to get verified and receive special nonprofit rates.
Before you set up Stripe
If your raffle prize is regulated, like wine, bourbon, cigars, or firearms, Stripe is not the right fit and can freeze your account mid-campaign. Use Flux Payments instead. It’s built for these prizes, and you open your account through a short online application.
Required information and documents
Before you begin, gather these items:
- Your nonprofit’s official name, physical address (no P.O. boxes), phone number, and website
- Your organization’s EIN or IRS letter showing your 501(c)(3) status
- Your bank’s routing and account numbers, where your funds will go
- Your representative’s legal name, email, job title, date of birth, home address, and the last four digits of their Social Security number or ID
Step-by-step setup guide
Follow these 10 quick steps inside Chance2Win to launch a compliant, high-converting basket raffle.
- Create a Stripe account. Go to Stripe’s website and click “Start now.” Enter your email and set a password.
- Share your organization’s details. Choose “nonprofit organization” as your business type and fill in your legal information, including your EIN.
- Add your representative and banking details. Tell Stripe who’s in charge of the account and connect your nonprofit’s bank account.
- Confirm everything. Click the link in Stripe’s email to verify your address, and set up two-step verification for extra security.
- Get your nonprofit discount. Email nonprofit@stripe.com with your nonprofit documents to request the special rate.
Nonprofit pricing
Good news! Qualified nonprofits get special rates. These were the rates when we last checked in Dec 2025, but Stripe might change them anytime. Remember, Chance2Win doesn’t set these rates – we just connect your Stripe account to our platform for your fundraising needs.
- Regular Stripe rate: about 2.9% + $0.30 per transaction
- Special nonprofit rate: about 2.2% + $0.30 for most cards. American Express cards cost a bit more at 3.5%
You’re Ready — Launch Your Online Raffle With Chance2Win
Now that your Stripe account is fully set up and your nonprofit is verified, you’re officially ready for the fun part — launching your online raffle. With Stripe connected, Chance2Win can securely process every ticket sale, and Stripe will deposit funds directly into your bank account, and (if you choose) even activate our Zero-Fee Option so your organization keeps 100% of every dollar raised.
Whether you’re planning a Basket Raffle, 50/50, Queen of Hearts, Duck Race, or a full online auction, your new Stripe account works seamlessly with our platform. That means:
- Fast, secure payment processing
- Donors covering fees at checkout (optional)
- Automatic ticket delivery & donation receipts
- Real-time reporting and instant payouts
You’ve completed the hardest step — getting Stripe approved. Now let’s put it to work.
Use your new Stripe account to launch a free online raffle today with Chance2Win.
It takes just minutes to set up, and you can start raising money immediately.