Hi thestoneheads, and welcome to the forums!
To get a donation button, you can go to your account, and profile, and My selling tools, and create a button. You can put the button wherever the full HTML code will work (many sites like Facebook, Myspace, etc will not actually work with the code). If the code does not work, there is also something called an "Email link" right above the code output for the button. This is a simple text link that you can include anywhere that allows the most basic HTML, like email, Facebook, etc.
There is no vetting involved to begin receiving donations. If your website is clear about what the donations are for, any necessary reviewing should most likely be able to be conducted without any disruption.
From a quick review of SoundCloud's site, it doesn't appear to be intended for monetizing your music distribution, so there may be specific rules about the circumstances under which you can request donations. Make sure you check their Terms of Use.
There are other sites that are specifically set up for selling individual tracks. One of my favorite local bands uses CDBaby.com. It has widgets for use on Facebook and your site and so forth. Not being a musician myself, I can't attest to how good a service it is, just that I know it exists. If you do some web searching for terms like "sell my original music online with PayPal" and so forth, you should probably be able to find some more info, reviews, etc.
Good luck with your music sales!
Olivia
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