Picking a Nonprofit Payment Processor
How to Save Money and Start Accepting Donations
Basic Best Practices for Selecting a Payment Processor
In this section, we’ll highlight some of the fundamental best practices to consider when your nonprofit is looking at payment processors.
Each best practice will describe the tip and explain its significance for nonprofits. Click on one of the tips to jump ahead to that specific section.
Choose a Dedicated Payment Processor, Not an Aggregator.
Pick a Processor that can accept credit card payments and ACH direct debit payments.
Pick a payment processor that only processes payments for nonprofit clients.
Choose a payment processor that integrates with your existing fundraising software.
If you need to accept international donations, choose a payment processor that accepts multiple currencies.
If you need it, choose a payment processor that offers other types of fundraising software solutions.
Make sure you know the payout schedule for credit card and ACH direct debit transactions.
Payment Processing Support and Setup Best Practices
|Payment Processing Support and Setup Best Practices|
|Choose a processor that’s easy to set up and allows you to accept donations soon after onboarding.|
|Look for a payment processor with support options that work for your organization.|
Beyond the basic best practices to keep in mind when looking at payment processors, your nonprofit should also consider set-up and support.
How will you get in touch with the payment processor if something goes wrong? How long does it take to get up and running? Read ahead to learn more!
Choose a processor that’s easy to set up and allows you to accept donations soon after onboarding.
Look for a payment processor with support options that work for your organization.
Best Practices for Payment Processing Costs and Fees
|Best Practices for Payment Processing Costs and Fees|
|Be aware of the fee structure and any additional costs.|
|Pick a payment processor with a simple and straightforward billing system and cycle.|
You should always be aware of the costs when purchasing any kind of software.
But payment processing fees can be tricky. That’s why it’s extra important to understand exactly what you’re getting into before you sign on the dotted line.
Read ahead to discover the best practices for payment processing costs and fees.
Be aware of the fee structure and any additional costs.
Pick a payment processor with a simple and straightforward billing system and cycle.
Payment Processing Security Best Practices
|Payment Processing Security Best Practices|
|Choose a processor that adheres to the Payment Card Industry’s Data Security Standards (PCI DSS).|
|Look for comprehensive security features.|
Security is one of the most important components of payment processing.
Not only do you need to keep your organization’s data safe, but you also have to protect your donors’ information from being stolen by fraudsters.
Read on to learn more about payment processing security best practices.