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Sunday, May 31 2020
Best Merchant Account for Non-Profits

If you run a non-profit organization, then you know the struggle that it can be to find good business partners that help you to further your cause in an affordable and robust way. Running a non-profit organization is difficult, but it can be made slightly easier with the help of a merchant services partner that understands your mission and is passionate about helping you to achieve it. Spreading awareness for your cause is one thing, but non-profits generally are able to operate because of their ability to take in donations and revenue. Funding is a crucial aspect of running a non-profit, so it is important that you find a merchant services partner that will enable you to process payments securely, safely, and affordably. If you hope to put your non-profit organization in the ideal position to maximize processing potential and get the most out of your merchant services, then finding the best merchant account for non-profits is a necessity.

About Getting a Merchant Account for a Non-Profit Organization

The first thing that you will need to know before getting a merchant account for your non-profit organization is exactly what that process looks like and what is involved. Most of all, you’ll need to know what information and details you will need to provide if you hope to get a merchant account for your non-profit organization. Your approval for a merchant account will rest heavily on your ability to provide these details. Here are some of the pieces of information that you are going to need if you want to apply for a non-profit merchant account for your organization:

  • Personal identification information
  • Business status documentation
  • Bank statement information
  • Bank statement history
  • Functioning website & online presence

If you hope to get a merchant account for your non-profit, these are all essential parts of the process. You can increase your chance for a merchant account for your non-profit organization by being proactive in the information and documentation that you provide to the merchant services that you are applying to.

Benefits of Getting a Merchant Account for your Non-Profit Organization

If you run a non-profit organization that currently does not have a merchant account, then you know the struggles that this situation can sometimes impose on organizations when it comes to growth and facilitating donations and other contributions and transactions. There are several benefits that your non-profit organization can enjoy when you decide to apply for and get approved for a merchant services account.

Accept Online Payments

When you get a merchant processing account for your non-profit organization, you will be allowing your organization to start accepting online payments instead of having to stick to payment methods that are offline such as cash and check. This can be a huge boost to the convenience and time savings for your team as well as those that support your organization. Online payments are basically essential in this world of modern technology and the need for added convenience in all aspects of our transactions.

Accept a Variety of Payments

Another benefit that you get when you partner with a merchant services company to facilitate donations and other incoming transactions to your non-profit organization is that you can start accepting a variety of payments. This means ACH, credit cards, and other payment options that your customers love to use. One of the best ways that you can make your non-profit an appealing target for those that want to help your cause is to make the donation process easy and also make it easy for your contributors to use a range of payment methods.

Expand Your Reach

Perhaps the greatest benefit is that by accepting payments with a merchant services processing company, you will be expanding your reach worldwide. No longer will you have to be restricted by your locality or what people are in your region. With a merchant account for your non-profit organization, you can start marketing your cause around the world because you can accept payments and contributions from anywhere in the world. The power of this is very large and allows for non-profits to grow at high speeds as opposed to being limited by the contributors in their area.

Posted by: Scott Shaw AT 03:39 pm   |  Permalink   |  0 Comments  |  Email
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    © Shaw Merchant Group, LLC. Our goal is to gather accurate, updated information and assist you in your research. We recommended that you check with your service provider or financial institution directly and get independent financial advice before making any commitments or business decisions. 

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