Several organizations need versatile services that enable them to accumulate details about benefactors and also sponsors, besides payment data– and sell a product or established reoccurring contributions.
Thankfully, if you are a nonprofit company, you can sometimes lower your credit card processing prices by asking! (Note: You’ll need to give evidence of your 501( c) standing.) If your existing processor does not wish to offer you a reduced rate, you should begin taking a look around at several of the various other options.
Lots of big nonprofits that process countless contributions that amount to millions of dollars per year use such systems as well as consider them integral components of their economic systems.
– Processes tailored to nonprofit’s demands
– Processor invisible to the donor
– Client partnership monitoring
– Combination of economic systems
– Relatively expensive
– Not scaled to little nonprofit needs
– Minimal number of firms to choose from
Your organization’s members will be able to pay their fees online if you companion with a payment processor. You’ll be making memberships much more appealing with this included comfort.
You can raise much more money to place toward your cause if you’re interested in offering your goods online. With the help of a payment processor to deal with the online purchases, this fundraising desire can quickly be a reality.
If your nonprofit hosts many fundraising events, offering your tickets online might be an excellent enhancement to your usual practice. By working with a payment processor, you can gather the profit from selling your tickets online.
PCI (Payment Card Industry) conformity is a protection criterion that applies in initiatives to shield both your company and also your benefactors during an on-line sale.
Your payment processor needs to be PCI compliant to accept online donations, as well as information security must be among your main concerns.
Plus, being PCI compliant comforts your benefactors that their details are safe when giving them away. It will avoid abandoned contributions as a result of insecure platforms!