Non-Profit Organization Merchant Accounts and Charitable Fundraising Merchant Accounts
PaymentMax understands the important role non-profit organizations and charities play in our society. Through individual direct donations and volunteer work, organizations like churches, synagogues, parent-teacher organizations (PTO), parent-faculty associations (PFA), private schools, animal rescues, homeless shelters, Habitat for Humanity, domestic violence shelters, teen centers, and local food banks are doing wonderful things.
Legally registered 501 (c)(3) non-profit organizations qualify for a merchant account that “gives back,” a percentage of net processing fees. Helping these charities achieve their objectives and goals faster.
Five Reasons to Open a Non-Profit Merchant Account with PaymentMax
- Faster Funding: PaymentMax will deposit credit and debit card funds directly into the non-profit organizations bank account in 24 hours. Third party processors can hold funds for weeks.
- Record Keeping: Having a merchant account will provide cardholder information that can be used to track chargebacks, returns, or other issues with credit card donations. Third party processors do not release this information.
- Increase Donations: Giving donors the ability to donate in-person, online, through the mail, and over-the-phone increases donation potential. Third party processors only process online donations.
- Lower Chargebacks: Third party processors do not list the non-profit organization on the donor’s credit card statement. This can cause increase chargebacks. Donor’s do not recognize the name on their statement and ask for an investigation. Chargeback investigations cost non-profits money, whether they are won or lost.
- Save Money: If you are processing over $500/month in credit card donations, you will save money in processing fees with a merchant account. Third party processors can charge hefty processing percentages, higher than a merchant account.
PaymentMax will “give back,” a percentage of net processing fees to documented non-profit organizations and charities. Putting money directly back where it is needed most.