Fundraising for non-profit organizations is difficult in the best of circumstances. Donations from generous supporters are key to the survival and effectiveness of charities and non-profit organizations.
It is more important now than ever to make the most of every donation. ACH (Automated Clearing House) payment processing solutions, such as those from VeriCheck, provide non-profit organizations with a way to directly deduct donations and fees from a donor’s bank account. This ensures that non-profits are receiving as much of the donation as possible.
How Can VeriCheck Cut Costs?
VeriCheck’s ACH payment processing solutions are an alternative to credit cards or paper checks. Ultimately, this means less processing time. It also means less time spent on recurring billing and invoicing. At the end of the day, saving time means saving money that could be spent on more important things.
With more financial transactions occurring online, the need for paper checks is diminishing. Many online entities no longer accept payment by paper check at all. Using ACH can ease the transition and make your non-profit organization more efficient in the future.
Payments can be made through a payment gateway so that checks and credit card readers are no longer needed. Accepting payments in this way reduces costs.
VeriCheck fees are nominal as opposed to traditional processing fees:
Paper checks cost $3-$5 to process
Credit card transactions can cost 1.5% to 3% of the total transaction amount
ACH costs only $1 per transaction
What Non-Profit Organizations Are Eligible?
There are many types of non-profit organizations. They range from personal passion projects to international support groups. Regardless of the kind of organization, VeriCheck can help streamline giving.
These are only some of the organizations that VeriCheck helps:
•Museums and cultural centers
•501 (c)(3) non-profits
•Fraternal beneficiary societies and associations
What Kind Of Payments Can ACH Accept?
Donations are only one way that non-profit organizations raise funds. For example, ALS had a very successful one-time fundraiser with their “Polar Bear Plunge”. Other organizations offer monthly subscriptions, and others have online auctions. VeriCheck can help with these and many other types of revenue streams.
Some things that ACH can streamline are:
•Accept one-time or recurring donations
•Collect membership fees
•Sell merchandise online
•Sell event tickets
How Does VeriCheck Benefit Non-Profit Organizations?
VeriCheck’s ACH payment processing is designed to manage transactions smoothly and quickly. Non-profits can then better forecast funds and focus on their core duties that support the organization’s mission.
Administration time is valuable and costly. Automated billing direct from bank accounts allows staff member time to be redirected away from processing and handling finances in order to focus on providing services and solutions.
Benefits for Non-Profit Organizations include:
•Lower donation maintenance by 85% or more
•Reduce paperwork and manual processing
•Increase collections, cash flow, and forecasting abilities
•Streamline receivables and reduced uncertainty
•Improve office efficiency and functionality
•Improve donor relations
What Services Does VeriCheck Offer?
VeriCheck can offer much more for non-profits besides ACH. Their services can be custom fit for any non-profit organization, be it a local cause or a world-wide service coalition.
Some of these services include:
•Custom API for simple integration to existing software
•Set up customers on automatic payment plans by using the recurring billing feature
•Store customer and payment information in a secure and compliant web database
•Ability to accept ACH payments and eChecks
•Enable customers to pay on the website or by phone
•Set up customized access control to allow customized views for each user under a single account
ACH and other services that VeriCheck offers can substantially save non-profit organizations money. It saves money that can be used for other vital functions that support the mission. Contact VeriCheck today for a live demo of how VeriCheck can help your organization.