501(C)(3) Status Benefits

[Riverpoint]

Our organization (school PTSO) has had a PayPal account for some time now.  We have just received 501(c)(3) status for fundraising purposes.  It's our understanding that there are benefits for non-profit organizations with this status. Are those benefits reduced processing fees?  What are the benefits and how do we go about changing our status with PayPal to receive those benefits?

Any help or direction to on this matter would be helpful. 

Thank you. 

[charityguy]

Did you ever receive a response to your question? I need to do the same for my organization.