SUPPORTING HIGH-RISK MERCHANTS

Payment Solutions for Nonprofit Organizations

Online payments are the best and most reliable way to collect donations and receive money for fundraising efforts. To do this successfully requires businesses to source a payment gateway for nonprofit organizations.

Unfortunately, this is easier said than done. Many traditional providers view non-profit organizations as high-risk, thus putting payment processors such as PayPal and Stripe out of reach. However, High Risk Pay designed its platform with the necessary resources to help businesses like yours. As a specialist high-risk provider, we can offer payment options other banks won’t so donors can safely make online donations to causes you address.

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Benefits of Our Nonprofit Merchant Account

Are you looking to increase donations, streamline online fundraising initiatives, and increase the funding for your nonprofit business? Nonprofit organizations can do this successfully with the help of an online payment processor and merchant account. It enables users to make convenient and secure credit card processing for nonprofits which greatly increases your capacity to accept donations. 

However, whereas traditional financial institutions may refuse to work with charities due to their high-risk status, companies like High Risk Pay cater specifically to the high-risk market. We can give you access to a payment gateway for nonprofit organizations, and by setting up an account with  us you will  gain access to all of the resources and benefits outlined below.

95% Approval Rate

Maximize your fundraising potential with our high approval rate. We understand the importance of every donation, and our systems are optimized to ensure a higher percentage of successful transactions, allowing you to secure more funding for your vital work.

Enhanced Fraud Protection

Protect your organization and your donors with our advanced fraud detection and prevention tools. We employ cutting-edge technology to safely process donations, safeguard against fraudulent activity, ensure secure transactions, and build trust with your supporters.

Capture Donor Information and Retain Donors

Our system allows you to easily capture donor information during the donation process. This allows you to build relationships with your donors and create targeted campaigns that help to retain donors long-term.

Low Fees and Competitive Pricing

Opening a nonprofit merchant account using traditional payment processors often comes at a price to counteract the risk your business brings to your bank. However, as a specialist high-risk service provider and experience of being a nonprofit payment processor, we can provide an affordable payment gateway for nonprofit organizations. With competitive processing fees, no application fee, and no set-up costs, you’re cutting down on unnecessary business expenses from the get-go. With the initial setup being free, it allows you to have more money to put towards helping your chosen cause.

Why Do You Need a Payment  Gateway for Nonprofit Organizations?

Nonprofit organizations rely on efficient credit card processing and secure merchant accounts to manage donations and other income streams. And while it isn’t essential, it does make credit card processing and receiving payments more convenient, especially with recurring donations which ultimately improves business cash flow. With these increased funding sources, your company can then make a bigger impact within its chosen sector.

Below are just some of the things you can do with a payment gateway for nonprofit organizations that can help to boost your business.

Accept Online Donations

For nonprofits and charitable businesses, donations are one of the main revenue streams. And the easier it is for your supporters to make donations, the more donations you’re likely to receive each month to put towards your cause.

Opening up a merchant account and using a payment gateway for nonprofit organizations enables donors to make these payments online with their credit cards. The system reads and transfers the payment information into your merchant bank account within seconds. This adds unparalleled convenience and increases the likelihood of people donating.

Collect Membership Fees

Memberships are another way that nonprofits and charitable businesses make money. Supporters of the cause can choose to join a yearly or monthly membership program. This is one of the most beneficial sources of cash flow as you have a fixed amount of income per month, unlike donation-based payments which fluctuate heavily from one month to the next.

Obtaining a payment gateway for nonprofit organizations ensures it is easy for your loyal supporters to keep up with their monthly payments. It also makes things easier for you, as you no longer have to call all your supporters each month to take payments over the phone. This gives you more time to put towards fundraising initiatives and other projects that will grow your business.

Sell Tickets & Merchandise Online

You can also sell tickets to events as another source of funding. With a payment gateway for nonprofit organizations, sales have never been easier. By integrating a payment processor with your website and linking the gateway and merchant account, all transactions can be handled online. This improves customer satisfaction and increases the amount of money you have coming in.

The same is true for selling branded merchandise online. By using a payment gateway for nonprofit organizations, you have immediately increased your audience. You no longer sell in-person at events, but can open up your sales to a global market. This will boost your profits from sales, while also helping to promote the charity and help it become more well known. As discussed, the nonprofits rely heavily on reputation; the more popular and esteemed your company is, the better it will perform.

Protect Against Nonprofit Fraud

Unfortunately, financial fraud is common within the third sector. For anyone wanting to protect against fraud, an online payment gateway for nonprofit organizations is a must. The gateways go into action as soon as a cardholder initiates a transaction and checks the funds are available within their account. This is known as an authorization request and ensures you receive the payment.

Protection against fraud is beneficial in terms of business income and helps to keep nonprofit organizations afloat. Additionally, the decreased fraud rates help to open up a wider array of merchant payment services in the future, such as opening up more traditional payment methods. It also helps to keep expenses such as payment processing fees and account charges down.

Encryption of Donor Data

In the modern world, cyber threats are a growing issue for all online businesses. Therefore, all transactions must be encrypted using the latest SSL technology. This protects your donors’ sensitive information, so they are more inclined to make an online payment via your site. It also helps protect your company’s reputation, something nonprofits heavily rely on when sourcing funds.

A reliable online payment gateway for nonprofit organizations encrypts all data for you. After donors have entered their credit card details, the gateway scrambles the card details before sending the information to the card schemes, thus protecting your business and donors.