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- Why Do You Need to Think About Payment Processing For Nonprofit Organizations?
- How Do Nonprofits Accept Payments?
- What’s The Difference Between An Online Donation Tool and A Payment Processor?
- What Features Should My Online Payment Processor have?
- 17 Best Online Nonprofit Payment Processors
- Psst — Free and Cheap Online Payment Processing For Nonprofits
- FAQ
- Using The Best Nonprofit Payment Processor
So you plan your fundraising campaign, you execute it like a champ, you blast through your goals… and then what? That’s when your payment processor comes into play! Nonprofit payment processors are a backend tool that moves the money from your donors’ bank accounts straight to yours. This is often called the “merchant account.” Where you would coll...
Nonprofits accept payments through a secure online donation form which is connected to a payment processor. The payment options can be: 1. Major credit cards: Donors simply type in their card number and the money zips over through a credit card network. This type of payment processing usually costs a fixed rate plus a percentage of each transaction...
An online payment processor moves donations from donors’ bank accounts into yours, it’s simply a payment processing service. Online donation tools have a wider variety of uses and supports multiple aspects of collecting donations, such as: 1. Gathering donor information (name, email, address, etc.) 2. Contacting donors 3. Running reports Many of th...
As you seek out the best nonprofit payment processor for your nonprofit, be sure that all of these features are included:
Now that you know the must-haves of online payment processing for nonprofits, here are the 18 BEST options we’ve found:
If you’re an up-and-coming nonprofit, it makes sense that you might not have the budget to splurge on a pricey payment processor! One key is to avoid those monthly fees. Here are our favorite options for cheap or free payment processing for nonprofits:
Do nonprofits pay credit card processing fees?
Yes, nonprofits pay credit card processing fees. Depending on the payment processor and the credit card, these fees are usually between 2-3% per transaction. Many nonprofits actually ask donors if they’d be willing to cover those fees! Include a note on your donation page about why these fees are there, and make the ask. Classlyactually found that donors are willing to help out 55-60% of the time!
What type of security should I look for?
The #1 thing is to make sure that your payment processing option is PCI compliant. As we mentioned above, looking for things like encryption and fraud protections is also essential. Some fraud protections include: 1. VPNs (virtual private networks) 2. Payment gateways 3. IP Blocking Again, a bunch of these are detailed in PCI compliance requirements—if your processor says it’s PCI-compliant at the level you need, you’re good to go. Remember, donors want to know that you have a secure payment...
What is payment fraud?
Payment fraud is when someone steals a person’s private information (such as their credit card number) and uses it for false or illegal transactions. This can be done through hacking, or simply by tricking somebody. You know those suspicious texts from strangers claiming to be the IRS? That’s an example of a scam where someone’s trying to commit payment fraud!
While setting up nonprofit payment processing is necessary, it doesn’t have to be scary! Working with the right online processor is what will bring your donation goals into reality. Explore your options, and remember to choose what’s right for YOUR organization. All that’s left is to get started!
- Stripe. Stripe is the top payment processor for nonprofits because it accepts all major credit cards and over 135 different currencies. Through API integration with your nonprofit CMS, donors can simply enter their credit card information on your website’s donation form and their payment information will automatically be passed along to Stripe for processing.
- iATS Payments. iATS Payments is a payment processor specifically for nonprofits. For over 20 years, iATS Payments has allowed nonprofits to collect online donations securely and efficiently.
- PayPal. PayPal is a top payment processor because it is so well-known. If your donors are located in North America, chances are, they already have a PayPal account.
- WePay. WePay offers quick and easy integrated payments. The payment processing is handled by Chase, a top financial institution serving nearly half of all households in the United States and four million small businesses.
Jan 9, 2023 · by Roberto Sato. |. January 9, 2023. Quick Summary: This non-profit payment processing guide provides nonprofits with an overview and general guidance on organizing and managing their payment processing activities.
Jun 13, 2023 · Credit and debit cards are the most popular digital payment method, and for good reason. They are widely accepted and offer a convenient way for donors to make payments. To accept credit and debit card payments, nonprofits can use a payment gateway provider, such as PayPal, Stripe, or Square. ACH Transfers.
Jul 8, 2021 · There are a number of things to consider, when reviewing point of sale systems and online payment processing for nonprofits, including: Point of Sale (POS) hardware; Online payment processing; Types of payments; Payment processing fees; Mobile and online payment software; Donation management and reporting software;
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Nov 1, 2024 · Whether you’re looking for the first time or are considering a new platform, we’ve compiled a list of payment processors that may be a good fit for your nonprofit. Here are the platforms we’ll cover: Bloomerang Payments: Best Overall. Stripe: Best for Integrated Payment Needs. Paypal: Best for Small and New Nonprofits.
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Givebutter is the #1 free fundraising platform for nonprofits. Exceed your fundraising goals with zero platform fees, subscriptions, or add-ons.
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Turn Your Computer Into a Credit Card Terminal to Take Payments Over the Phone. Speed Up Checkout - Issue Receipts - Schedule Recurring Payments
Make your payment processing quick and easy with our card reader, POS, mobile solutions. Card not present? No problem. Turn our solutions to a virtual terminal.
