Today’s fast-paced environment for nonprofit fundraising means that choosing the right payment processing tool is critical.
Just think if your donation process could be reshaped into a pleasant and efficient experience to entice your donors and increase your effectiveness.
In this blog, we will reveal nonprofit payment processing tools that can transform the way you gather funds. These tools can assist with making and managing transactions, planning and executing outreach to supporters, and more.
They also ensure that your nonprofit’s work is both efficient and impactful. Take the plunge to find out which tool fits the bill, and prepare to see your fundraising soar!
10 Best NonProfit Payment Processing Tools
1. PayPal
Nonprofits can utilize PayPal as a secure and well-known solution to the problem of receiving online donations. It accepts the use of credit cards and PayPal accounts in the payment process.
The PayPal offering is simple to use, integrated, and makes the management of donations straightforward.
Also, it has a lower transaction fee for nonprofit organizations, so it is well suited for charities that hope to integrate blockchain technology into their donation management.
Top Features
- Easy integration with websites and social media
- Secure transactions with buyer protection
- Option for recurring donations
- Mobile-friendly
- Detailed reporting and analytics
- No monthly fees; transaction fees apply
Price: 1.99% + $0.49 per transaction
2. Stripe
Stripe is quite flexible and has a number of features that can be quite suitable for nonprofit organizations.
It is very flexible when it comes to payments, accepting numerous methods and various currencies, for international appeal.
Moreover, it offers additional functionality such as integration and creating systems for the automated frequency of donations.
Nonprofits appreciate it for its clear pricing model and the security that ranges from fraud protection. Its API is also inclusive and thus makes it easy to combine with other fundraising platforms.
Top Features
- Customizable payment forms
- Supports multiple currencies and payment methods
- Advanced fraud detection tools
- Seamless integration with various platforms
- Detailed financial reporting
- No setup fees; transaction fees apply
Price: 2.2% + $0.30 per transaction
3. Square
Square is easy, simple, and an ideal payment processing solution for nonprofits, and it has online and card-present payment modes.
This makes its use so easy due to the features that allow the user to generate multiple donation pages.
One of the major benefits of not having monthly fees and a low fixed cost per transaction is that it suits the financial constraints of managing limited funds for a non-profit organization.
Furthermore, Square connects with other applications and has general tools and capabilities such as inventory and CRM.
Top Features
- Flat-rate transaction fees
- Integrated point-of-sale (POS) system
- Invoicing and online donation options
- Inventory management
- Real-time analytics and reporting
- No monthly fees; transaction fees apply
Price: Processing fee is 2.9% + $0.30 per transaction
4. Authorize.Net
Authorize.net is one of the most secure and flexible payment gateways to process the donations. It accepts various forms of payment, such as credit cards and e-checks.
Specifically for nonprofits, it has improved fraud detection modes and functions for making recurring donations.
However, it connects with multiple fundraising solutions and offers branded donation forms.
It offers advanced customer support and comprehensive reporting tools that enable nonprofits to track transactions and be as transparent as possible.
Top Features
- Reliable payment gateway with fraud prevention
- Recurring billing and donation options
- Customizable payment forms
- Integration with various CRM systems
- Detailed reporting and analytics
- Monthly gateway fees plus transaction fees
Price: $25 monthly and 2.9% + $0.30 per transaction
5. iATS Payments
Nonprofits can rely on iATS Payments as it has features that cater to the needs of this type of organization.
It has an option for online and offline donations and is set up for recurring payments and event registration.
iATS also integrates easily with other well-used fundraising software and current Customer Relationship Management (CRM) solutions to improve donor tracking and stewardship.
Top Features
- Specialized for nonprofits with discounted rates
- Recurring donation management
- Integration with popular donor management systems
- Comprehensive reporting tools
- Fraud detection and secure transactions
- Monthly fees plus transaction fees
Price: Connect with team
6. Bloomerang, LLC
Bloomerang, LLC is a platform that offers solutions for donor management and payment processing for nonprofit organizations.
It provides features for recording donations, nurturing relationships with donors, and executing campaigns.
The integrated payment processing allows for easier collection of donation amounts and offers real-time insights from Bloomerang.
Due to its friendly design and emphasis on fundraising and stewardship, nonprofit organizations can establish long-term connections with their donors.
It also helps organizations enhance their fundraising strategies and donor engagement based on related data and information on the platform.
Top Features
- Integrated donation processing and CRM
- User-friendly donor management tools
- Recurring donation management
- Detailed reporting and analytics
- Email marketing tools and communication tools
- Pricing varies; transaction fees apply
Price:
| Plans | Pricing |
|---|---|
| Fundraising | Starting at $40 |
| Volunteer Management | Starting at $119 |
| Membership Management | Starting at $25 |
7. CharityEngine
CharityEngine offers a full-scale payment processing system developed primarily for nonprofit organizations.
It accepts credit cards and ACH (debit/ACH) as payment methods and has functionalities for recurring gifts and event management.
It also has an understanding of donor-related information and their level of interaction through its integrated CRM system from CharityEngine.
Its tailored donation form and self-serve communication tools make donating easier for candidates.
Top Features
- Integrated donor management and payment processing
- Customizable donation forms
- Advanced reporting and analytics
- CRM and marketing automation features
- Recurring donation management
- Monthly fees plus transaction fees
Price: Connect with team
8. Donorbox
Donorbox is a flexible donation widget and fundraising solution that can be embedded into websites and social media accounts. It includes one-time and scheduled donations, a donation form, and payment methods such as credit card and PayPal.
Some of the characteristics of Donorbox are donor management, automatic receipts, and compatibility with Several CRM solutions.
Due to the availability of intuitive and cheap solutions, it has become a preferred option for nonprofits that require a simple and efficient method of fundraising.
Top Features
- Easy setup and integration
- Recurring donations and one-time gifts
- Customizable donation forms
- Supports multiple currencies and payment methods
- Detailed reporting tools
- No setup fees; transaction fees apply
Price: $139 /month
9. Fundly
Fundly is a crowdfunding site designed for nonprofits and people who want to raise money for a cause.
It provides facilities to build targeted fundraisers, processes the received donations, and interacts with supporters.
Some of the payment methods that Fundly allows are: It also has features such as social media integration and campaign analytics.
Top Features
- Simple and intuitive fundraising tools
- Customizable campaign pages
- Social media integration
- Recurring donations and one-time gifts
- Detailed reporting and analytics
- Transaction fees apply
Price: 2.9% plus $0.30 per transaction
10. Braintree
Braintree is a PayPal company that provides a comprehensive payment processing tool with features suitable for nonprofits.
It offers both credit and debit card payments, digital wallets, and bank transfer or ACH payments.
It works in conjunction with a variety of fundraising platforms and APIs for bespoke solutions and smooth payment processing.
Top Features
- Supports multiple payment methods and currencies
- Advanced fraud protection tools
- Seamless integration with mobile apps
- Recurring billing options
- Comprehensive reporting tools
Price: 2.59% + $.49 per transaction
How to Choose the Best Nonprofit Payment Processing Tools?
When selecting the right nonprofit payment processing tools, it is crucial to think about a couple of things because they will serve the nonprofit organization’s needs.
- Low Transaction Fees
Most nonprofit organizations have limited financial resources, so payment processors’ transaction fees should remain as low as possible. Choose hardware processors that either have low rates for nonprofit organizations or that do not charge for setup or monthly services.
- Donation Management and Reporting
Ensure the tool has good functionality for donation management, such as reporting and analysis. This will assist in monitoring donation progress, donor details, and any required reports for tax purposes and financial projection.
- Integration with Existing Systems
Check if the payment processor will fit into the existing infrastructure, including the website, CRM, or accounting software. This integration will allow you to decrease working time and the probability of making mistakes.
- Security and Compliance
Select a processor that considers security as a priority and is an affiliate of the PCI for the security of the donor’s details. Also, consider tools that can prevent fraud and encrypt data to protect your nonprofit’s and the donor’s information.
- Multi-channel Payment Acceptance
A good payment processor should be able to handle credit/debit cards, ACH, PayPal, mobile payments, and even cryptocurrencies. This flexibility allows donors to make their contributions most conveniently.
- Ease of use for the donors
The donation process should not be complicated or confusing. A long procedure is likely to discourage people and prevent them from donating to the cause. Seek out those with a mobile-responsive design and customizable donation forms.
- Customer support and reliability
It is crucial to ensure that the client has a dependable support service in the event of complications or queries. Ensure that the chosen payment processor provides customer support round the clock, and they should have dedicated support for nonprofit organizations.
Also Read: Best Paypal Alternatives
Looking Ahead
The tools have low transaction fees, easy integration, efficient Donation Management features, and high Security, with added convenience for the Donor. Choosing the right processor for your organization means better resource management, improved donor experience, and, ultimately, more effective fundraising campaigns. Selecting the most appropriate payment solution will enable the nonprofit to focus on its mission while remaining financially sound.
FAQs
Which payment processor is most beneficial for a small nonprofit organization?
Some of the most used processors by very small nonprofits include PayPal and Stripe because of the low charges involved and the simplicity of implementing these functions.
Can payment processors assist with the management of donors?
Yes, most payment processors provide integrated donation management tools that assist in tracking donations, managing donor data, reporting processes, and performing other related duties.
Is there a need for payment processors to be compliant with PCI?
PCI compliance helps you manage the payment information of donors properly, benefiting both the organization and the donors.
Do payment processors allow for recurring donations?
Most of the harsh payment processors have a feature that enables donors to set up donation payments at repeat intervals.
