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Where does the money go when people give a gift to my CloverPage?

April 26, 2017cloverpage gift money people

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Where does the money go when people give a gift to my CloverPage?

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The money goes into a special account at JP Morgan Chase & Co. This account has been set up “for the benefit of Clover by Clover Gift Recipients, Hosts and Causes Only” and funds cannot be transferred out of this account for any purpose other than to disburse funds to gift recipients, hosts and CloverCauses. When you close your CloverPage, you will receive gift funds in the form of a physical check. CloverCauses receive their funds on the 15th of the month following the close of the CloverPages that have indicated them as a CloverCause.