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You're running a non-profit and need to process payments. What are your options?

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As a non-profit, you want to make it easy for your supporters to donate to your cause. But how do you choose the best payment system for your needs? There are many factors to consider, such as fees, security, convenience, and integration. In this article, we'll explore some of the options available for non-profits and help you decide which one suits your goals and budget.

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Chris Lane

1 Online payment platforms

One of the most common ways to accept payments online is to use a payment platform, such as PayPal, Stripe, or Square. These services allow you to create a custom donation page, embed a payment button on your website, or send invoices via email. They also handle the processing, verification, and security of the transactions, and charge a fee per transaction or a monthly subscription. The advantages of using a payment platform are that they are easy to set up, widely accepted, and compatible with various devices and currencies. The drawbacks are that they may have higher fees than other options, require your donors to create an account or leave your website, and have limited customization and branding.

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Pierquinto Manco

Strategy | Marketing | Advertising | Growth
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You can stop and read no further than this. Stripe in particular has reached a level of service in terms of functionality and reliability that even PayPal in my opinion cannot reach. Even without technical resources such as dedicated developers you can use Stripe's tools such as payment links, customer portal and more to manage every aspect of payment processing.

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Mohamed Abdallah

B2B Marketing Expert | Fintech Trends Enthusiast | E-Payments Expert | B2B Content Creator and Brand Builder | Brand Communication | Communications Strategist & Consultant.
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Using mobile payment solutions such as mobile card readers or mobile payment apps (like PayPal Here or Square) allows non-profits to accept payments on the go, at events, or during fundraising activities.

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Mohamed Abdallah

B2B Marketing Expert | Fintech Trends Enthusiast | E-Payments Expert | B2B Content Creator and Brand Builder | Brand Communication | Communications Strategist & Consultant.
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With the shift towards digital transactions, offering contactless and online payment options through platforms like Apple Pay, Google Pay, or Amazon Pay can enhance donation collection.

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2 Bank transfer or direct debit

Another option is to accept payments directly from your donors' bank accounts, either through a bank transfer or a direct debit. A bank transfer is a one-time payment that your donor initiates from their online banking or mobile app. A direct debit is a recurring payment that you set up with your donor's permission and authorization. Both methods are secure, low-cost, and reliable, but they also have some challenges. For example, you need to collect and store your donors' bank details, comply with the regulations and standards of your country and bank, and handle any failed or disputed payments. You also need to integrate your bank account with your website or database, which may require technical skills or third-party software.

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Chris Lane
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It’s important to provide convenient payment options for your donors. Consider using a third party payment software with capabilities to support multiple payment methods, including the ability to setup recurring ACH debit originations.

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3 Mobile payment apps

A newer and more convenient way to accept payments is to use a mobile payment app, such as Venmo, Cash App, or Zelle. These apps allow your donors to send money to your non-profit using their smartphone, either by scanning a QR code, entering your phone number or email, or choosing your non-profit from a list. They also offer features like social sharing, instant notifications, and rewards. The benefits of using a mobile payment app are that they are fast, easy, and popular, especially among younger donors. The drawbacks are that they may have lower limits, higher fees, or lower security than other methods, depending on the app and the transaction. You also need to create an account with the app and link it to your bank account or debit card.

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4 Cryptocurrency donations

A more innovative and emerging way to accept payments is to use cryptocurrency, such as Bitcoin, Ethereum, or Dogecoin. Cryptocurrency is a digital currency that operates on a decentralized network of computers, without the need for a central authority or intermediary. It offers advantages like transparency, anonymity, low fees, and global access. However, it also comes with risks like volatility, complexity, and regulation. To accept cryptocurrency donations, you need to create a digital wallet, generate a unique address, and display it on your website or social media. You also need to convert the cryptocurrency to your local currency, report it to the tax authorities, and comply with the laws and regulations of your jurisdiction.

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Chris Lane
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This section describes how one might go about creating a crypto-currency donations functionality themselves, but there are many services available to both assist with the receipt of the crypto-currency, and to automatically convert it to a local fiat currency. While receiving donations in crypto-currency may not be very common, due to the currently low adoption, it is generally important to provide convenient options for donations and therefore it should be considered.

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5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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You're running a non-profit and need to process payments. What are your options?

1

2

3

4

5

1 Online payment platforms

2 Bank transfer or direct debit

3 Mobile payment apps

4 Cryptocurrency donations

5 Here’s what else to consider

Payment Systems

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You're running a non-profit and need to process payments. What are your options?

1

2

3

4

5

1 Online payment platforms

2 Bank transfer or direct debit

3 Mobile payment apps

4 Cryptocurrency donations

5 Here’s what else to consider

Payment Systems

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