Non profit organizations and charities can increase the amount they receive in donations by setting up credit card processing so they can accept credit card payments. The internet has long become one of the most popular tools for shopping, paying bills, and managing a variety of financial accounts. As an increasing number of people look to the internet for making payments, they are also becoming interested in sending donations to their favorite charities and nonprofit organizations with credit cards.
Nonprofit Credit Card Processing Offers Convenience
For nonprofit organizations depending greatly upon donations from patrons, credit card processing offers the benefit of convenience. Internet shopping allows people to buy things without having to leave home; where as a nonprofit who can accept donations via credit card payments make it easier for people to donate. There is no need to write or mail a check.
Credit Card Processing Offers Recurring Donation Solutions
Another benefit of accepting credit cards as a nonprofit is the ability to set up recurring donations. Donors can decide to donate the same amount per week or per month, and not have to fill out paperwork or mail a check each time. For the nonprofit, this means once a recurring donation is set up, there is a good chance they will continue to receive that money on a consistent basis. Some donors may find it easier to donate per week via their credit or debit cards automatically over remembering to mail a check for each month, for example.
Reduce Your Expenses
In addition to providing convenience for your donors, credit card processing can actually help reduce your expenses. Consider the amount you spend on postal services, time running to and from the bank, paper work and marketing materials in an attempt to retain existing donors and reach new donors. With a website and donation page online, you make it possible for donors to set up recurring donations. You can also find less expensive methods of marketing via the internet as opposed to offline methods, and cut your costs considerably.
Credit Card Processing a Necessity For Nonprofit Organizations
As more people rely on their debit or credit cards and online bill pay to pay their bills, you may find your nonprofit organization needs credit card processing to keep the donations coming in. Having several payment methods is always better than insisting your donors mail a check or money order – you could be losing donations from people who really only use their debit or credit cards.
Not only will you be providing potential donors with more ways to send donations to your organization, but credit card processing gives you additional methods for record keeping, reporting and accounting.