Credit Card Processing for Nonprofits Best 2022 Guide to Credit Card Processing for Nonprofits Many organizations want to accept credit card donations or payments for fundraising auctions online but don’t know how. You can accept payments online in one of two ways: through a nonprofit credit card processing service, or by opening your own merchant account. Why Nonprofits Need Reliable Payment...
Wireless Credit Card Processing A Guide to Wireless Credit Card Payment Processing Portable card machines are designed to operate via built-in Bluetooth capability, and connect wirelessly through the internet. Once a customer’s payment is read by one of these terminals it will then contact their bank in order verify if there are enough funds available for purchase before complete transaction...
How to Compare Credit Card Processing Companies When it comes to maximizing sales potential, honoring credit cards should be at the top of the list to accomplish sales goals. As of 2021, credit cards are the most common payment option, making up 38% of all customer transactions. To run credit cards and debit cards, you will need specific software, hardware, and network connections from a payment...
How to Mitigate Credit Card Payment Risks Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. At the same time, credit card fraud remains a serious issue. According to the Federal Trade Commission, 4.7 million reports of fraud were recorded in 2020 alone. The good news is...
Processing fees are a standard business practice, but it can be challenging to understand their reasoning. Some people believe processing fees are too high and should be eliminated. Others feel that they’re necessary for the bank to cover their costs. Have you ever wondered why credit card companies charge a processing fee? It seems like an extra cost that doesn’t benefit the cardholder. But...
Credit card processing rates can be a confusing topic for many business owners. What is a reasonable credit card processing rate? How do you know what your best option is? There are so many different opinions out there, and what works best for one business might not work well for another. This blog post will map out reasonable credit card processing rates. What Is Credit Card Processing Rate?
Finding your effective rate is the first step. First, get your credit card statement. Then divide the total processing fee by the percentage of monthly sales paid by credit cards. The outcome is your effective rate. Calculate Credit Processing: Mistakes Need To Avoid Many people don’t think about the cost of credit card processing. It’s one thing to know that you’ll need a merchant account and an...
