Anyone who manages a nonprofit organization understands how critical it is to keep expenses as low as possible, given the limited number of finances and resources available. It is possible to save money in a variety of ways, but one that many organizations overlook is the possibility of optimizing their payment system in order to lower their non-profit’s credit card processing fees.
With COVID-19 driving our transition to a society that is increasingly devoid of cash, donations are increasingly being channeled through online payment gateways. They may use their credit or debit cards to make donations, but they can also purchase extra products, such as t-shirts, mugs, and books from the store.
Non-profits frequently require the capacity to collect information about contributors and sponsors in order to plan future fund drives in addition to the ability to accept money. Some contributors want to set up automatic recurring contributions, which they can do at any time. The payment processing requirements of a nonprofit organization might be complicated.
Why Non-profits Need Reliable Payment Processing
While a nonprofit may potentially rely on cash and paper checks for donations, doing so would severely restrict the organization's ability to reach its target audience. Fast and dependable internet payment processing is advantageous to almost all modern NGOs. Non-profits can benefit from payment processing in the following ways:
Donations Can Be Accepted Online: Online payment processing for nonprofits makes it simple for your contributors to contribute cash directly to your organization through your website.
Set up recurring payments: ACH bank-to-bank transfers are a common method of making recurring donations. Payment processors can make it possible for your organization to accept ACH payments.
Ecommerce: If your organization makes funds by selling items on the internet, payment processors may be able to help you set up online storefronts.
Promote and sell tickets to events more efficiently: Payment processing enables NGOs to sell tickets to events more efficiently, allowing attendees to purchase them immediately after an online announcement.
Online nonprofit merchant accounts
Adding web-based payment choices to your organization is crucial in today's world, as contributors manage their shopping, bill payments, and banking activities all online. Donors may support your cause by donating using a simple PCI-compliant contribution form on your website, which can be accessed from a PC, smartphone, or tablet.
Nothing more than entering their payment information online and setting up a comfortable donation schedule is required of them. If you activate a recurring billing option, you will no longer be needed to mail donation requests or wait for paper checks to arrive. Donating to your organization is now easier and faster than ever before thanks to online credit card processing for NGOs.
Merchant Account with Connected.co
With a large network of high-risk banks both domestically and internationally, Connected.co is constantly expanding its client base and increasing its revenue stream. We have extensive experience in the placement of merchant accounts. We will take use of these ties and our expertise to secure a merchant account for your company in situations where others have failed. Simply put, if your company is lawful, we can help you become authorized! High-risk merchants can also apply for a merchant account with Connected.co, which makes the process simple.
JW Epply has been a senior executive for over 10 years, during which time he has met and exceeded growth and revenue goals in exceedingly difficult verticals. Epply is recognized as an efficient, dynamic leader with a strong background in sales and sales process, management, and organizational strategy. He holds a Bachelor’s Degree in Organizational Management from the University of Wyoming, and is an accredited Certified Payments Professional (CPP) from the Electronic Transactions Association (ETA).