![]() These lightweight devices are gaining in popularity because they can easily be attached to a phone or tablet. With that in mind, you may want to consider using a credit card swiper. However, both kinds can be more difficult to connect to other software providers, such as fundraising software, and are more expensive than a card swiper. You can purchase models that are wired or wireless – the advantage of the first being that it’s much more likely to remain connected even in the case of an internet outage, and of the second that it’s much lighter and more portable. A credit card terminal is the same kind of technology you’ll be used to using at most retail stores: a simple card reader that customers can insert, swipe, or tap their card against to pay. Credit Card Terminalsįirst off, credit card terminals. I’ll quickly run through them now so that you know which type of credit card processor is most likely to work for you. ![]() The three options I’ve mentioned above are the most common because they involve the least manual work. Once you’ve set it up, you can work with the payment processing company to get the appropriate hardware to process in-person credit card payments. I’ve included these options in this section because if you’re planning on doing that, you’ll probably need a merchant account. If you want to take credit cards at events like Aisha, you’ll also need to look into getting hardware like a credit card terminal or a credit card swiper, or entering payments in manually via a virtual terminal. I will go into the details of this in the next section. While transaction fees for a Merchant Account are typically lower than a Third Party Payment Processor, it takes a little more time to set up your account. There are more options to brand your donations.įor organizations with a very high volume of monthly transactions (hundreds or more), it might be easier to choose a merchant account.If you plan on accepting offline payments and donations via credit cards, you will need a merchant account to use a hand-held credit card reader.Typical Fees: 2.15% + $0.25 per transaction.You’d have to use another tool such as Dipjar to collect donations at an event, or stick with cash. It’s also not possible to accept credit card payments in person if you choose this option. Setting up a third-party payment system can be done in a matter of minutes, but transaction fees are higher, because you’re paying a third party to process the transactions via their own merchant account rather than having your own. ![]() If your nonprofit is expecting a low volume of monthly transactions (less than a hundred), you might want to choose a third-party payment processor. Customers may recognize the name if you use a widely accepted payment processor, but there are fewer opportunities to brand it with your identity.Typical Fees: 2.9% + $0.30 per transaction.I’ve outlined what you can expect from each of them below. The three main options to accept credit card payments for nonprofits are through a third party payment processor, a merchant account, or software that also processes payments. So, if you want to learn more about nonprofit payment processing options, read on! The Three Main Credit Card Processing Options for Nonprofits Nonprofit Credit Card Processing: A Few FAQs.How to Choose a Credit Card Processor that Works for You.The Three Main Credit Card Processing Options for Nonprofits.We’re going to discuss everything you need to know about credit card processing for nonprofits, including: If you’re trying to implement credit card payments at your nonprofit like Aisha, or want to get more information, this post is for you Member dues and automatic recurring payments.She’d be cutting out collecting money in the mail, cash at the door, or running checks to the bank - meaning that she’d have a lot more time to focus on fundraising.Īnd if she heard one more person say, “It’s the 21th century! How come you don’t accept donations through your website yet?” she was going to lose it.Īll she needed was a way to convince everyone else…īeing able to accept credit cards, both online and in-person, can make it easier for your nonprofit to collect: ![]() However, she was quickly becoming convinced that setting up a payment processing system was relatively simple, and could also make her life a lot easier. They were used to collecting payments at the door and asking for donations with envelopes at the table, and didn’t see why that needed to change. She had been charged with finding a way to increase donations for her local theatre’s upcoming gala, and was quickly becoming frustrated by how resistant many of her coworkers were to the idea of processing credit cards.
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