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Credit Card Processor / Direct Bank Debit for Charitable Organization?
benevolent001




msg:4007408
 8:40 am on Oct 15, 2009 (gmt 0)

Hi

I wanted to know are there any credit card processors / direct bank debit processors which offer some special discounts or free processing for charitable / Not for profit organizations?

Thank You

 

piatkow




msg:4007424
 9:31 am on Oct 15, 2009 (gmt 0)

That would rather depend on what country you are in. When I was webmaster for a small charity in the UK I certainly didn't find any.

benevolent001




msg:4007461
 10:40 am on Oct 15, 2009 (gmt 0)

I am also trying to talk to them they wont give up % fees , since this charity is huge the % fees would be amounting to lot of value. It is getting lots of amount from various different countries like USA/UK/Canada/India/Australia

Since no single processor can be found for such type of application. I am breaking down problem to country wise cheapest processor for accepting website payments both from credit cards and direct bank debits.

I was wondering what costs are involved for Payment processors to process each transaction. Each transaction must be some flat cost to them. But they earn huge margins in % fees.

benevolent001




msg:4023762
 2:32 pm on Nov 12, 2009 (gmt 0)

hi

I am trying to get more views please.

justgowithit




msg:4023896
 5:06 pm on Nov 12, 2009 (gmt 0)

free processing for charitable / Not for profit organizations?

You're not going to find a merchant service provider that will process transactions for free.

Each transaction must be some flat cost to them.

The underlying cost of Visa, MasterCard and Discover bankcard transactions is based on the interchange reimbursement fees for each of the respective card brands. Interchange is expressed as a percentage of the gross transaction value and often a per-transaction charge.

Check out each company's website for their interchange fee schedules. The charge assessed to a credit card transactions depends on which interchange category that it qualifies to. In your case, international transactions and business transactions will qualify to a higher interchange category.

Charity organizations are tough. If it's a well known organization doing significant volume, you should be able to secure an interchange-plus pricing model that will put you several basis points above interchange.

mattb




msg:4024469
 4:36 pm on Nov 13, 2009 (gmt 0)

I'm on a board of a small non-profit. We use Paypal as does another non-profit in town. This is for donations only which tend to be mostly checks.

benevolent001




msg:4024518
 6:03 pm on Nov 13, 2009 (gmt 0)

Hi justgowithit , mattb

Thanks for posting

Actually i got phone call from this charity again , its huge one and gets donation from all parts of world in all form of currencies. Since they called me to help in this i thought i need to take up. Earlier i was bit relaxed and put project in back burner. But since this is for charity i will take up time to do this.

They get payments from Credit cards , bank accounts , cheques all around the world. I feel its difficult to find single processor for all those stuff. So i have decided to divided the project into few categories

  • Direct bank account donations from home country
  • Credit card donations from Home country
  • Credit card donations from Abroad
  • Direct bank donations from Abroad country

    I feel now dividing this i will be able to get some good deals.

    Secondly i need some reviews on this ( Although final call will be by charity administration)

    To whom does those 1-3% transaction charges be passed on ? Donator or the charity himself.

    I shall be thankful if you guys can do one thing

  • Post the cheapest credit card processor for your country
  • Post the cheapest direct bank debit processor for your country

    This can be used as reference for many future similar charitable efforts by all of us at WebmasterWorld

  • mattb




    msg:4028838
     4:05 pm on Nov 20, 2009 (gmt 0)

    The transaction charges would be paid by the merchant not the donor.

    Your rates are going to vary by volume, credit history, etc. In the USA First Data and Chase Paymentech are two of the bigger ones. Expect to pay somewhere in the 2-3% range for card not present transactions.

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