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Level up your nonprofit payment system. Givebutter is not just a payment processor, but your one-stop shop for all things auctions, event ticketing, nonprofit marketing, and donor management. Get access to top-tier fundraising features all in one place, all completely free.
- Why Do You Need to Think About Payment Processing For Nonprofits?
- How Do Nonprofits Accept Payments?
- What’s The Difference Between An Online Donation Tool and A Payment Processor?
- What Features Should My Online Payment Processor have?
- 18 Best Online Nonprofit Payment Processors
- Psst — Free and Cheap Online Payment Processing For Nonprofits
- FAQ
- Using The Best Nonprofit Payment Processor
So you plan your fundraising campaign, you execute it like a champ, you blast through your goals… and then what? That’s when your payment processor comes into play! Nonprofit payment processors are a backend tool that moves the money from your donors’ bank accounts straight to yours. This is often called the “merchant account.” Where you would coll...
Nonprofits accept payments through a secure online donation form which is connected to a payment processor. From there, people can pay with: 1. Credit cards: Donors simply type in the card number and the money zips over through a credit card network. This type of payment processing usually costs a fixed rate plus a percentage of each transaction. 2...
An online payment processor moves donations from donors’ bank accounts into yours. Online donation tools have a wider variety of uses! An online donation tool supports multiple aspects of collecting donations, such as: 1. Gathering donor information (name, email, address, etc.) 2. Contacting donors 3. Running reports Many of these tools already wor...
As you seek out the best nonprofit payment processor for your nonprofit, be sure that all of these features are included:
Now that you know the must-haves of online payment processing for nonprofits, here are the 18 BEST options we’ve found:
If you’re an up-and-coming nonprofit, it makes sense that you might not have the budget to splurge on a pricey payment processor! One key is to avoid those monthly fees. Here are our favorite options for cheap or free payment processing for nonprofits:
Do nonprofits pay credit card processing fees?
Yes, nonprofits pay credit card processing fees. Depending on the payment processor and the credit card, these fees are usually between 2-3% per transaction. Many nonprofits actually ask donors if they’d be willing to cover those fees! Include a note on your donation page about why these fees are there, and make the ask. Classlyactually found that donors are willing to help out 55-60% of the time!
What type of security should I look for?
The #1 thing is to make sure that your payment processor is PCI compliant. As we mentioned above, looking for things like encryption and fraud protections is also essential. Some fraud protections include: 1. VPNs (virtual private networks) 2. Payment gateways 3. IP Blocking Again, a bunch of these are detailed in PCI compliance requirements—if your processor says it’s PCI-compliant at the level you need, you’re set!
What is payment fraud?
Payment fraud is when someone steals a person’s private information (such as their credit card number) and uses it for false or illegal transactions. This can be done through hacking, or simply by tricking somebody. You know those suspicious texts from strangers claiming to be the IRS? That’s an example of a scam where someone’s trying to commit payment fraud!
While setting up nonprofit payment processing is necessary, it doesn’t have to be scary! Working with the right online processor is what will bring your donation goals into reality. Explore your options, and remember to choose what’s right for YOUR organization. All that’s left is to get started!
- Bloomerang Payments. Recommended for: Nonprofits that want a payment processor that integrates with their online giving tools like donate buttons, embeddable donation forms, donation pages, and text-to-give.
- Stripe. Recommended for: Nonprofits that need a standard, reliable payment processor with the option for expedited payouts. Favorite feature: Instant payouts.
- PayPal. Recommended for: Smaller and new nonprofits that need an affordable payment processor that’s optimized for online transactions. Favorite feature: Donate button.
- Square. Recommended for: Nonprofits that use point-of-sale transactions to accept donations or purchases. Favorite feature: Customer Engagement. For nonprofits that aren’t ready to invest in a donor management system, Square offers basic CRM tools that help sort your donors into groups, send targeted emails, and receive feedback through digital receipts.
- iATS Payments. iATS Payments was formed two decades ago on a simple premise: to help nonprofits process donations more easily and more efficiently.
- Regpack. Regpack’s registration management software toolkit is complete with an integrated payment processing solution that any nonprofit can leverage.
- DonateKindly. DonateKindly was formed on the simple premise of providing elegant and effective payment processing tools to nonprofits at no additional cost.
- Snowball. Snowball offers a complete suite of fundraising tools, including online giving pages with built-in payment processing functionality. This way, you can bring in increased fundraising revenue, improve donor engagement, and support your cause in any way possible.
- Stripe. Stripe is the top payment processor for nonprofits because it accepts all major credit cards and over 135 different currencies. Through API integration with your nonprofit CMS, donors can simply enter their credit card information on your website’s donation form and their payment information will automatically be passed along to Stripe for processing.
- iATS Payments. iATS Payments is a payment processor specifically for nonprofits. For over 20 years, iATS Payments has allowed nonprofits to collect online donations securely and efficiently.
- PayPal. PayPal is a top payment processor because it is so well-known. If your donors are located in North America, chances are, they already have a PayPal account.
- WePay. WePay offers quick and easy integrated payments. The payment processing is handled by Chase, a top financial institution serving nearly half of all households in the United States and four million small businesses.
May 15, 2024 · Helcim: Best Overall. Square: Best For Free Features. National Processing: Best Nonprofit Credit Card Processor For Low-Cost ACH/eCheck Processing. PaymentCloud: Best For Nonprofits Considered High-Risk. Stripe Payments: Best Nonprofit Credit Card Processor For Advanced Customization.
Jan 29, 2024 · PayPal: Best variety of payment types. Stripe: Best customizable online donation platform for 501 (c)3 organizations. Square: Best in-person sales for small nonprofits. CharityEngine: Best for online fundraising and marketing. GoFundMe Charity: Best for crowdfunding. Dharma Merchant Services: Best for nonprofits collecting over $10,000 per month.
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related to: free online payment system for nonprofitsCompare 10 Best Credit card Payment Processing Companies. Trusted and Unbiased Reviews. Find a Reliable Merchant Service for Your Business. Explore Features and Fees Here!
8.0/10 (41 reviews)
Finally a POS system that integrates with your marketing, sales, inventory and eCommerce. Set-up in minutes, sell in seconds. Compatible with any device, online or offline.
Raise More Money and Save Time With our Unified CRM for Nonprofits. Nonprofits Thrive with our Software, Making Your Work More Efficient and Impactful.
