Charge Card Processing Choices For Your Non-Profit ...

It is important for a non-profit organization to offer numerous credit card payment options to potential donors. It means that the donors pays conveniently. There are several solutions today. They can be broadly divided into three categories:Open an AccountThe non-profit can open a business account with a bank or perhaps a credit card company. The advantage of this account is that after a donor makes a payment through credit card, the money goes into the non-profit?s bank account. The benefit here?s that whenever the donor gets the credit card statement, the name of the non-profit will be described about it. This consideration helps to enhance the image of the non-profit.But the disadvantage of this option is that formalities and paperwork could be elaborate. The non-profit will be treated like any other business firm and will bear similar inspections and verifications. The 2nd drawback could be the complex fee structure, which may also differ widely from one bank to another.Use a Party ProcessorWherever the non-profit is reluctant to choose for a business account, it may go for a third party model. Such processor will have its own business account that will accept donations with respect to numerous affiliated businesses, including yours. The model can get the funds, and forward them for your requirements. It will demand a processing fee for providing this service, and the resources might take a somewhat longer time to reach your account.A drawback of this solution is that the donor?s credit card statement will not present the title of the non-profit that?s really received the gift. In certain instances, the donor may maybe not appreciate this fact and may register a with the non-profit. But, this situation may be avoided when the non-profit appropriately informs its donors in regards to the name that they will be seeing in their credit card statement. Paypal is an excellent exemplory case of a professional alternative party brand providing you with such solutions to non-profit organizations.Use a Credit Card Processing ProgramThere are different credit card processing programs especially created for non-profit organizations. They function being a business account, but typically present a lot more value added services as well. Some of those solutions include client relationship management, and easy integration with the non-profit?s site and banking system. Such programs are custom made for fund-raising purposes only. DonorPerfect is a wonderful example of such a program.The advantage of this choice is that the non-profit maintains an immediate get a handle on on the donor payment. The donor never extends to know about the brand. More over, this kind of program increases the economic administration and efficiency of a non-profit that gets multiple contributions regularly.

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