Regardless of the type of nonprofit organization you operate, you need money. This could come from many sources, including donations, membership fees, or grants. You would also need to make payments for the software you use or for legal charges. Going through these activities require that you have a strong platform that you use to accept all your payments and also send money for fees or for volunteer projects, and payment processes help you do this – in this case, nonprofit payment processing platforms or those that offer nonprofit-friendly services.
Payment processors allow you to put an Application Processing Interface, usually shortened as an API into your website. This enables people or organizations to enter their payment details on your website’s payment platform and pay for anything including donations or fees. Nonprofit payment processing platforms offer a convenient way:
- To accept donations online
- Run a fundraising campaign online
- Sell tickets to your nonprofit events
- Sell nonprofit merchandise, especially for those nonprofits that sell physical or digital stuff.
- To collect fees from your members
However, not all payment processes are the same. So we gathered the best nonprofit payment processing platforms to help you make the right choice.
If you’re an organization looking for an extensive nonprofit payment processing platform, then Stripe is your first bet. While it isn’t designed specifically for nonprofits, the wide number of credit cards it accepts and its support for about 135 currencies makes it the best in the industry for nonprofits wit wide coverage. Stripe has a great API you can integrate on your website that enables users to enter their payment details on your website and the processing will be done by Stripe.
One major downside to Stripe is that its charges are a little on the higher side, so if you receive smaller amounts, it might not be a good idea to use it. However, if you receive huge donations and fees and cover many countries, ten Stripe is ideal.
iATS Payments as been in the industry for about 20 years now, and has become one of the best nonprfit payment processing platforms. It has built itself as a nonprofit exclusive payment processing provider and prides itself as having about 14,000 customers worldwide.
Its all-in-one payments solution enables nonprofits to accept and process payments through ACH, USD, and CDN processing all in one platform. It as many partnerships to make sure that nonprofits don’t go looking for many tools to accomplish just one thing, at least in the payment circles, and prides itself as being highly secure – and blocking “over 64 million dollars’ worth of fraud attempts per year”. If you’re looking for a nonprofit friendly payment processor, iATS Payments is the one to go for. One not so good thing is that the number of credit cards it accepts is usually limited.
As the name may suggest, Fundly is a payment processing platform designed from the ground up to meet the fundraising needs of nonprofits. Nonprofits can use Fundly by setting up pages to raise money for their projects – called fundraising or crowdfunding. Donations can come from anywhere, and Fundly accepts many credit cards so your friends, other international bodies can donate to your course. One thing to note is that Fundly is basically for fundraising, and it provides all the software you need to create and customize your nonprofit campaign, however, the processing itself is done by a third party that Fundly assigned agreement with.
If you’re a nonprofit looking to collect donations and don’t need a fully-fledged payment system, ten Fundly is one of the best options out there. It’s simple to use and you don’t need any technical stuff to get started.
Heartland is a comprehensive payment processing platform that caters to the needs of entrepreneurs, small businesses, and nonprofits. Hartland provides Dedicated Merchant Accounts to businesses, accepts a lot of credit cards, and highly secured to prevent any fraud in payments online. Apart from its EMV terminal solutions, Heartland also offers contactless payment processing, POS, and its MobilePay features.
If you’re a nonprofit, Heartland even offers some perks when you use it as a payment processor. Registered 501(c)(3) nonprofits have access to many tools to accept donations and even sell their nonprofit products online, among other services. Also, Heartland offers special rates for nonprofits using its service.
Created by BMO Bank of Montreal and RBC, Moneris is one of the biggest payment processors in Canada and provides payment processing for many industries, including those in the nonprofit field. If you’re a nonprofit in North America, this is one of the best to use for your payment processing needs.
Using Moneris gives you a variety of payment processing options and it accepts cards like Visa, MasterCard, JCP, Apple Pay, Google Pay, and many others, as well as process payments in different currencies, including CAD, USD, RMB, KRW, and JPY. One downside to Moneris is that it comes with an initial setup fee at a 3-year contract, which comes with a penalty for early termination.
If you’re looking for a comprehensive payment processing platform, then CarityEngine as tat for you. As a nonprofit, there are a lot of packages that come with CarityEngine, including donor and donations management, advocacy tools, events, online fundraising, email and marketing campaigns, and a lot more.
The payment processing used by CarityEngine is PCI-certified, which makes it one of the most secure platforms to carry out your fundraising and other payment processing needs. CarityEngine boasts of more than $2.6 billion of processed transactions for nonprofits worldwide.
BluePay is one of the leading payment processing providers for merchants across Canada and the United States and many parts of the world. If you’re a nonprofit, BluePay offers many processing options for you and comes with online, mobile, and POS processing. It also s an ERP and CRM software integrations that allow you to accept donations from other nonprofits, international organizations, philanthropies, and individuals.
Founded in 2002, BluePay’s payment processing is highly secure and offers an end-to-end encryption that ensures that your payment processing done without any security issues. Some of the main features include ACH payments, debit/credit card processing, electronic signatures, online payment processing, recurring billing, and reporting or analytics for your payments.
PayPal is a great platform to use for accepting payments from your donors. It’s a widely used and accepted platform that will give you a variety of payment options. If you’re a nonprofit, chances are you already have users who use PayPal for their international transfers, so it’s easy to get them to donate. It’s also use by many people, so individuals will find it easy to donate to your course.
PayPal accepts many cards, including MasterCard, Visa, American Express, and Discover, with support for USD, AUD, DKK, NZD, ILS, INR, CZK, CAD, PLN, GBP, SGD, and fourteen (14) other currencies. PayPal also offers discounted rates and other online donation tools tailored towards nonprofit through its PayPal for Nonprofits platform.
Originally founded in 2007 in Chicago, Braintree was acquired in 2013 by PayPal, and now it’s a PayPal service that, however, operates its own payment processing for eCommerce and other businesses, including nonprofits. If you’re a nonprofit looking for a widely accepted platform to use for payment processing and accepting of donations worldwide, Braintree might be a good choice.
There are many good things about Braintree, including its flat-rate fee system, which helps keep away hidden fees, it has great developer tools so integrating it into your nonprofit website won’t be a big issue, and offers great support whenever you’re stuck in your payment processing journey, as well as support for multiple currencies.
DonateKindly is a payment processor that allows nonprofits to accept donations from around the world. Apart from this feature, everything you need to create your donation campaign as a nonprofit is found on the platform’s content management system – and it makes the entire process seamless. DonateKindly also offers other great features, including an analytics dashboard for all your donation campaigns, as well as an easy embed feature that allows you to add your donation form to any website for people to find you.