Best overall: Donorbox Best for quick and easy setup: PayPal Best for in-person donations and growing a donor base: Square Best for low fee rates: Helcim Best all-in-one, premium nonprofit solution: iATS Best for rapid payouts: Stripe Some nonprofit concerns are very much in line with the standard challenges faced by their profit-driven counterparts. And some of their needs mirror those seen in state organizations in the public sector. Case in point: accepting payments.
While the transactional mechanics are largely identical — money is changing hands, moving from one side to the other — everything else is different. Including the terminology. It’s not a “purchase” or a “sale”; it’s a “donation.
” As such, non-profit organizations still need to use “merchant services,” but will also need those services to support a very different type of transaction. So, for these teams that need such a solution but don’t know where to start their search, we’ve compiled a round-up of top contenders, an overview of their benefits and downsides, and a brief breakdown of the optimal use cases for each. Top non-profit credit card processor comparison In addition to pricing, what is worth clarifying, and isn’t necessarily intuitive at a glance, is the distinction between payment processors and donation platforms.
Processors are likely already familiar to you — they are the ones that handle the exchange of funds, or at least take point on that process. Donation platfor.