Most nonprofit organizations get most of their income through various fund raising strategies. Donations made online, in person, by mail or telephone. The sales of Halloween pumpkins and Christmas trees. They run thrift stores, community centers, dining and other retailers. Accepting credit cards is a basic business need for them, and establish the right kind of merchant account and processing equipment are essential for optimal efficiency and savings for themselves.
We will first discuss merchant accounts. There are two basic types of retail and MOTO. MOTO represents mail order / telephone, but has come to include online (Internet), credit card processing.
A merchant account retail is best used at point of sale when the customer is physically present and introduced the payment card. In fact, if this type of account is used to take letters by mail or by telephone or order online, the merchant may be in violation of his contract, and manually enter credit card numbers in a terminal will also cause the merchant pays a much higher "not qualified" for this type of transaction. If the nonprofit organization running a big tent. An account of retail work fine.
The following question from a retail merchant account holder is what terminal to use. A large number of benefits of having a "brick and mortar" store, and in this case a conventional credit terminal beside the cash register or integrated into a computerized point of sale (POS) is fine. But what about the sale of Christmas trees in shopping center parking lot of electricity but no phone line? Or at fairs, festivals, etc., with similar conditions? For these non-profit events that are best served by hiring a wireless connection to your credit card to customers at once and get the lowest retail. The terminals usually work outside of the packet radio signal and that the service is available almost everywhere in the country now. The terminal prints a receipt for the customer to sign.
A MOTO account is often the mandate of the service provider if the majority of store credit cards are not physically presented by the client, and this type of account will save you money traders. Manually enter the credit card and payment of a non-qualified rate 4% or more, compared to about 2% for a MOTO account … the savings are obvious and will also keep the merchant complies with regulations of the processor.
Some nonprofit have a website and accept online donations. Some have used PayPal or a similar service to process donations. PayPal is easy to use but expensive, about 4%. The web designer who created the website nonprofit is not easy to build a new "Donate Now" for the route the transactions through an account of saving the bike and nonprofit a lot of money.
There is a great service offered by many of my own merchants, non-profit and nonprofit alike, called Trinity, and allows the processing of online transactions in three ways, cell phone and in person at retail to through a bar connected to a personal computer hit.
Sorting out the options is largely a question of examining the number and type of transactions and dollar volume of the same. If a nonprofit is not selling many items a month, a special handset that will save them money, but actually be cost prohibitive. If you only receive a donation online occasionally, PayPal may be more convenient than setting up a MOTO account.
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