6 Best Payment Processing Solutions For Nonprofits in 2023
Are you in search of the best payment processing solutions for your nonprofit? Look no further! In this blog, we've compiled a list of 6 top-notch payment processing solutions for Nonprofits to help streamline the donation process.
Read on to find out more!
If you need cash assistance in terms of managing your non profit then ZarMoney would be the best choice for you. Ranked amongst one of the most ideal payment processing solutions, ZarMoney helps Nonprofits in terms of managing payment by cash and provision of cash payments.
Due to its affordable pricing and easy-to-use interface, it ranks at the top of our list. ZarMoney’s features, such as donation tracking, recurring donations, and customizable reports, make it perfect for managing grants and other financial transactions.
Additionally, ZarMoney's integration with popular fundraising platforms such as GoFundMe and Kickstarter makes it a one-stop solution for nonprofit organizations.
ZarMoney offers comprehensive services for Nonprofits, including health agencies and personal care services. It benefits those providing services for children, such as day care services and childcare facilities.
With ZarMoney, managing finances becomes more accessible, allowing more time and resources to be focused on providing quality care in childcare settings.
Moreover, It provides excellent customer support with a dedicated support team to help nonprofits with any issues they may face. ZarMoney is amongst the most viable payment processing solutions for nonprofits organizations. Especially those seeking an all-in-one payment processing solution.
ZarMoney Feature List
- Accounts Receivable
- Payment Processing
- Invoice & Estimate
- Order Management
- Inventory Management
- Multi-currency support
- Customizable templates
- Inventory management
- Real-time tracking
- Secure and scalable platform
- Customizable access levels.
Top 3 ZarMoney Features
ZarMoney offers a range of bookkeeping features, making it an ideal payment processing solution for nonprofits. With its comprehensive tracking of income and expenses, nonprofits can easily monitor their financial transactions.
The software also allows users to create customized invoices and purchase orders, making it easier for nonprofits to manage their billing processes.
These features and ZarMoney's user-friendly interface make it an excellent choice for nonprofit organizations looking for a reliable and efficient payment processing solution.
2. Accounts Receivable
ZarMoney's accounts receivable feature is a valuable tool for nonprofits. It enables users to create and manage customer invoices, track payments, and send reminders for outstanding balances.
This feature streamlines the billing process for nonprofits. Thereby, reducing the time required to manage their accounts receivable. With ZarMoney's user-friendly interface, nonprofits can easily keep track of their finances and ensure timely payments from customers.
This feature and ZarMoney's other bookkeeping tools make it the best payment processing solution for nonprofits looking to streamline their financial operations.
ZarMoney's invoicing feature is a powerful tool that simplifies the billing process for nonprofits. With customizable invoice templates, nonprofits can create professional-looking invoices quickly and easily.
The software also allows for automatic invoicing, recurring billing, and payment reminders, which help to streamline the invoicing process.
ZarMoney's invoicing feature helps nonprofits get paid faster and gives them greater visibility into their billing and revenue streams. These features make ZarMoney the best payment processing solution for nonprofits looking to improve their financial management processes.
ZarMoney Pros and Cons
- Comprehensive bookkeeping
- Customizable invoicing and purchase order creation.
- Accounts receivable management
- User-friendly interface
- Powerful reporting and analytics tools
- Inventory management capabilities
- Integration with popular payment gateways
- Affordable pricing plans
- No hidden fees or long-term contracts.
- Excellent customer support
Some Nonprofits may prefer traditional forms of payment processing
The payment plan offered by Zarmoney comprises a basic package of $20 per month. This cost covers two users, and an additional fee of $10 per user for any other users. This package includes unlimited transactions and customer service based in the US.
Features like these make ZarMoney amongst the ideal payment processing solutions for nonprofits. In fact, for individual users, there is a plan for $15 per month. It includes unlimited transactions and the same features as the small business plan, with US-based customer service.
For larger businesses with over 30 users, a custom plan is available. Starting from $350 per month, it includes specialized training, custom features, dedicated account representation, and priority support.
Average Customer Rating of ZarMoney from Software Directories
This section will present the average user rating for ZarMoney gathered from prominent tech forums like Capterra, GetApp, and G2. Per the customer feedback on these platforms, ZarMoney's average rating is 4.7 out of 5. Thereby, making it rank amongst the most high-end payment processing solutions for nonprofits.
Here are a few of the testimonials submitted by ZarMoney users on leading tech forums like GetApp. Check out this review by Shawn G.
“ZarMoney is very easy to use and perfect for my small businesses. They quickly answered any questions I had although it was so fast and easy to set up so I didn't need much help. In less than a week I set up five small companies included entering all transactions for the prior year and some further back.”
And here’s another review by David B.
“After extensive research and comparison with several web-based accounting programs, I narrowed down to 4 and then selected Zar Money. Understanding the program and setup was fairly straightforward, and the features offered and functionality were better than the competition. After using the program for a while, however, some things became cumbersome to manage, such as daily and journal entries and inventory management. On top of this, I was not satisfied with the inadequate display options for the dashboard. At this point, I am still undecided on continued use of Zar Money when compared to the program I was already using.”
ZarMoney Customer Support Options
ZarMoney offers various customer support options, including email, phone, and live chat support. They also have a comprehensive knowledge base, video tutorials, and a community forum to assist users with queries or issues. Their customer support team is available from Monday to Friday during regular business hours.
ZarMoney Product Screenshots
ZarMoney available apps
ZarMoney is a web-based accounting payment processing software. It is accessible on any device with an internet connection. It does not require any specific operating system or device, and there is no need to download or install anything. The software is accessible via popular web browsers such as Chrome, Firefox, and Safari.
ZarMoney is amongst the most high-end payment processing solutions for nonprofits. It offers a comprehensive payment processing solution. Features like recurring donations, automatic receipt generation, and discounted transaction fees make it amongst the best payment processing solutions.
Amongst the most ideal payment processing solutions for nonprofits is PayPal. It has revolutionized how people shop and transfer money online. PayPal offers a fast, easy, and secure way to pay and get paid. It allows users to link their bank accounts and credit/debit cards.
Users can also utilize their PayPal balance to make transactions. It's available in over 200 countries and supports 25 currencies.
PayPal Feature List
- Third-party integrations
- No transaction fees for donors
- Online checkout
- Installment Payments
- Easy setup
- Donor data and reports available
- Customizable donation pages
- Recurring giving options
- Dispute resolution services
- Buyer protection
- Alternative to link bank accounts
- Link credit/debit cards
Top 3 Paypal Features
1. Online Checkout
PayPal's payment processing solutions for nonprofits allows online checkout features. These enable nonprofits to accept donations online with ease. With a customizable donation page and various payment options, donors can quickly and securely contribute to your cause.
This feature also allows nonprofits to track and manage donations, send receipts, and connect with donors directly. It's a simple yet powerful solution that helps nonprofits raise funds and achieve their goals.
2. Installment payments
PayPal's installment payment feature offers a flexible payment option for nonprofits. It allows donors to split their contributions into manageable payments. This helps increase the likelihood of more significant donations.
As donors can contribute more without straining their budgets, it becomes feasible for them. Moreover, this feature simplifies the donation process for nonprofits. With payments automatically distributed over time, the process is seamless.
Installment payments options also reduce the barriers to giving and encourage supporters to contribute to their cause. It's a win-win for everyone involved and a great way to drive more donations and make a more significant impact.
3. Third-party integrations
PayPal's third-party integration feature offers possibilities to streamline and enhance your financial transactions. With the tap of just a few clicks, you can connect your PayPal account with popular platforms like Shopify, WooCommerce, and more.
PayPal, one of the most high-end payment processing solutions for nonprofits, makes donations seamless. Say goodbye to tedious manual entry and hello to data syncing across multiple apps. This feature saves you time and effort, so you can turn your focus on what you do best.
PayPal's Pros and Cons
- Easy and secure
- Online payment processing
- Integration with popular e-commerce and fundraising platforms
- Global payment processing
- Support for over 100 currencies
- Customizable donation and payment forms to match nonprofit branding
- Transaction fees can be higher compared to other payment processors
- Time-consuming and complex for nonprofits
- Donors need an account
- Restricted activities can limit fundraising efforts for some nonprofits
- Limited customer support options outside of online resources
- Limited community forums
With a vast network of over 300 million users in 200+ markets, PayPal can help you reach more donors and build a loyal community. Moreover, PayPal provides discounted transaction rates for confirmed 501(c)(3) charities and no monthly fees for most products.
Additionally, the service offers low rates for all other nonprofit organizations. It has no extra charges for setup, statements, withdrawals, or cancellations.
PayPal can be integrated with over 200 e-commerce platforms, these include;
- Constant Contact.
Average Customer Rating of PayPal from Software Directories
This section will present the average user rating for PayPal gathered from prominent tech forums like Capterra, GetApp, and G2. Per the customer feedback on these platforms, PayPal's average rating is 4.7 out of 5.
Some reviews of PayPal on popular sites like Capterra state:
"It has been seamless and teaching how to use it for clients has also been great. I like PayPal and would recommend it."
"I think it is really great and convenient and despite the fees, there are still some features/services that are really good and helpful."
"I like this software because of its security system. This app is very secure and helpful for easy transactions of money."
PayPal's Customer Support Options
PayPal offers a variety of customer support options, including phone, email, and chat support. They also have an extensive help center with articles, videos, and guides to assist customers.
Additionally, they offer community forums where customers can ask and answer questions from each other.
PayPal Product Screenshots
PayPal available apps
PayPal is supported on iOS and Android devices through its mobile app on App Store and Google Play. It is also available on web browsers for desktop and laptop users, making it accessible to a broader range.
Additionally, PayPal offers SDKs for developers to integrate PayPal into their own mobile apps and websites.
PayPal is an ideal payment processing solution for nonprofits due to its ease of use, secure transactions, and affordable pricing. It offers customizable donation buttons and recurring payments.
PayPal’s integrations with popular fundraising platforms, making it a go-to choice for many organizations. Customer support is also available 24/7 for any assistance needed.
Fundly is amongst one of the best payment processing solutions for nonprofits. It is a crowdfunding platform that offers payment processing services to help individuals and organizations raise money for their projects or causes. It provides a user-friendly platform that makes creating and promoting fundraising campaigns easy.
Fundly accepts donations through credit cards, debit cards, or PayPal. It provides a mobile app that makes it convenient for donors to give anywhere.
Moreover, it provides tools to help fundraisers increase their reach and boost their donations. These include social media sharing, email campaigns, and customizable donation pages. With Fundly, anyone can turn their passion into a successful fundraising campaign.
Fundly Feature list
- Crowdfunding platform
- Peer-to-peer service
- User-friendly interface
- Promote fundraising campaigns
- Accepts donations through credit card, debit card, or PayPal
- A suite of tools to increase the reach
- Boost donations
- Social media sharing and email campaigns
- Mobile app for convenient donor giving
- Customizable donation pages
- Recurring giving options.
Top 3 Fundly Features
Fundly's Crowdfunding helps nonprofits tap into the power of their community, inspiring individuals to come together and make a difference. The crowdfunding feature of Fundly, makes it amongst the best payment processing solutions for nonprofits.
Fundly provides a powerful way for nonprofits to raise funds and engage supporters. With a customizable campaign page, nonprofits can easily share their message and encourage donations from a broad audience.
The platform also offers tools to track and manage donations, send updates, and thank supporters. Whether you're launching a new project or supporting an ongoing cause, Fundly's crowdfunding feature is a valuable tool. Nonprofits looking to raise funds and build momentum for their mission can use it effectively.
2. Peer-to-Peer service
Peer-to-peer fundraising is a fun and effective way for nonprofits to reach new audiences, build momentum, and make an enormous impact. Fundly's peer-to-peer service empowers nonprofits to expand their reach and connect with new donors.
With this feature, nonprofits can create a fundraising campaign and invite supporters to set up individual fundraising pages to support the cause. This approach leverages the power of social networks.
As supporters can share their pages with friends and family to raise funds on behalf of the nonprofit, Fundly comes at the fore-front as a viable payment processing solutions for nonprofits
With Fundly's peer-to-peer service, nonprofits can tap into the passion and creativity of their supporters to raise funds and achieve their goals.
3. User-Friendly Interface
Fundly's user-friendly interface is valuable for nonprofits, allowing them to quickly and easily create and manage fundraising campaigns. With intuitive navigation and clear instructions, nonprofits can easily customize their campaign pages, track donations, and communicate with supporters.
This feature saves time and eliminates frustration, enabling nonprofits to focus on their mission and build momentum for their cause. The user-friendly interface also helps to ensure a positive donor experience, fostering trust and engagement with the nonprofit.
Fundly's commitment to simplicity and ease of use makes it a great choice for nonprofits looking to make a big impact without a steep learning curve.
Fundly's Pros and Cons
- Customizable crowdfunding campaigns for fundraising efforts
- Peer-to-peer fundraising tools
- User-friendly platform
- Drag-and-drop interface
- Easy campaign setup
- Social media integrations
- Real-time tracking of campaign progress and donor data
- A mobile-optimized platform
- Dedicated support team
- No platform fees for verified 501(c)(3) nonprofits
- Fundly's transaction fees can be higher than other crowdfunding platforms.
- Limited customization options
- Limited support for certain payment methods and currencies
- Fundly's platform is primarily geared toward social media sharing.
- Limited customer support options outside of online resources and email support
Fundly charges a platform fee of 4.9% for each donation made through its platform. In addition to the platform fee, there is a payment processing fee of 2.9% plus $0.30 per donation.
This fee structure allows Fundly to provide nonprofits with a user-friendly platform for online fundraising. Thereby, making it a top-notch option when it comes to choosing payment processing solutions for nonprofits.
Fundly integrates with the following applications;
- Constant Contact
- Double the Donation
Average Customer Rating of Fundly from Software Directories
This section will present the average user rating for Fundly gathered from prominent tech forums like Capterra, GetApp, and G2. Per the customer feedback published on these platforms, Fundly's average rating is 3.8 out of 5.
According to popular websites like Capterra, Fundly’s reviews are as follow;
“Fundly provides an all-in-one solution for our CRM needs in NPE. We are very pleased with its events-management and financial components”
"Overall, I am very impressed with Fundly and would highly recommend it to other businesses."
"The daily call-in sessions are a valued, judgment-free zone that I visit often - although less often than I used to, thanks to the help I've received."
Fundly Customer Support Options
Fundly offers a knowledge base and FAQ section on its website to address common questions and issues. In addition, users can submit a support request through a form on their website or via email. They also have a phone support option available during business hours.
Fundly Product Screenshots
Fundly available apps
Fundly's mobile app is available on both iOS and Android platforms. The application is downloaded from the App Store and Google Play Store. Fundly is also accessible via web browsers on desktop and mobile devices.
Fundly is amongst ideal payment processing solutions for nonprofits. It provides an easy-to-use platform for fundraising campaigns, event management, and donor management.
Fundly also offers a mobile app for seamless access, multiple payment options, and affordable pricing plans, making it a viable choice for small to mid-sized organizations.
Stripe is amongst the most well known payment processing solutions for nonprofits. It allows businesses of all sizes to accept payments online. Stripe offers a comprehensive set of tools and APIs to manage payments, subscriptions, and invoices.
These features make it a flexible solution for businesses. Amongst the various payment processing solutions, Stripe stands at the forefront due to lots of reasons.
Some of them include the fact that Stripe accepts payments from all major credit and debit cards and digital wallets. These include Apple Pay and Google Pay. It also supports over 135 currencies and offers instant payout options.
Stripe prioritizes security, using advanced fraud detection tools and complying with strict regulatory standards. With its easy-to-use dashboard and powerful features, Stripe is a popular choice for online businesses looking to streamline their payment processing.
Stripe Feature list
- Custom solutions
- Global Business
- A comprehensive set of tools
- APIs to manage payments, subscriptions, and invoices
- Accepts payments from all major credit and debit cards
- Digital wallets
- Supports over 135 currencies
- Instant payout options
- Advanced security features
- Fraud detection
- Real-time alerts
- Intuitive user interface
- Robust feature set
- Customizable donation pages
- Recurring giving options.
Top 3 Stripe Features
Stripe's e-commerce feature provides nonprofits a powerful platform to sell goods and services online. With customizable checkout pages, easy payment processing, and robust reporting tools, nonprofits can easily manage their online store and track sales.
This feature also integrates with popular e-commerce platforms like Shopify and WooCommerce, allowing nonprofits to expand their reach and build their audience.
E-commerce is valuable for nonprofits looking to diversify their revenue streams and reach new supporters. Stripe's user-friendly interface and reliable payment processing make it an excellent choice for nonprofits of all sizes looking to optimize their online sales.
2. Custom Solutions
Stripe's custom solutions provide nonprofits with tailored payment processing and fundraising solutions that fit their unique needs. Whether launching a new fundraising campaign, accepting recurring donations, or implementing a custom payment flow.
Stripe's team of experts can help you create a solution that works for you. This feature allows nonprofits to optimize their payment processing and fundraising strategies, improving efficiency and effectiveness.
With Stripe's custom solutions, nonprofits can focus on their mission and leave the technical details to the experts.
3. Global Business
Stripe's global business feature enables nonprofits to accept payments worldwide, supporting over 135 currencies and dozens of payment methods. This feature opens up new fundraising opportunities for nonprofits, allowing them to reach donors wherever they are located.
With support for multiple languages and global payment processing, Stripe makes it easy for nonprofits to expand their reach and build their audience on a global scale. Whether you're working with donors across the street or across the ocean, Stripe's global business feature is a phenomenal tool for nonprofits looking to make a big impact.
Stripe's Pros and Cons
- Robust and customizable payment processing solutions
- E-commerce and fundraising efforts
- Global payment processing
- Support for over 135 currencies and payment methods
- Customizable payment forms
- Advanced fraud protection
- Security features to ensure safety
- Secure transactions
- Access to detailed reporting and analytics tools
- Fundraising progress
- Third-party integrations
- Financial reporting
- Dedicated support team
- Stripe's pricing model can be complex
- Different rates for different payment methods and currencies.
- Limited support for certain payment methods
- The platform requires technical expertise
- Complex for nonprofits.
- Limited customer support options
One notable feature of Stripe is the availability of discounted transaction fees for eligible organizations. However, it is crucial to consider that the discounted rates only apply to donations and not to product, service, or ticket transactions.
To qualify for the discounted rate, an organization must receive at least 80% of its income from tax-deductible donations. Stripe's donation fees are almost identical to PayPal's at 2.2% + $0.30 per transaction.
For transactions that are not donations, the fee is 2.9% + $0.30 per successful charge.
Stripe supports integrations with over 300 platforms, including;
- Apple Pay
- Google Pay.
Average Customer Rating of Stripe from Software Directories
This section will present the average user rating for Stripe gathered from prominent tech forums like Capterra, GetApp, and G2. Per the customer feedback on these platforms, Stripe's average rating is 4.7 out of 5.
According to Capterra, Users have the following feedback for Stripe
"In addition to the great developer tools most ecommerce software already supports Stripe. The dashboard and reports are excellent."
"It's great, very easy to understand how to use, ethical team and they are great with the email service with important notifications."
Stripe Customer Support Options
Stripe offers a comprehensive support center with articles, guides, and tutorials on how to use the platform. In addition, users can contact support via email or a contact form for more complex inquiries. Stripe offers phone support for urgent issues, but only for paid accounts.
Stripe Product Screenshots
Stripe available apps
Stripe is supported on iOS and Android devices. It can be accessed through web browsers on Windows, Mac, and Linux operating systems. Stripe also provides a mobile SDK for building in-app payments on iOS and Android.
Stripe is an ideal payment processing solution for nonprofits due to its user-friendly interface, secure transactions, and flexible payment options. With seamless integrations and customizable checkout pages, Stripe makes it easy for nonprofits to accept donations online and manage their finances efficiently.
Square is a payment processing solution that offers businesses of all sizes an easy way to accept payments. It provides various tools and features, including a point-of-sale system, online payment processing, and invoicing.
Square's card reader is easy to use and connects to a smartphone or tablet, allowing businesses to accept payments anywhere. It also offers fast deposits, with funds usually available within one to two business days.
Square's online payment processing features include support for digital wallets and the ability to create customizable payment pages. With its simple and affordable pricing, Square is a great choice for businesses that want an easy and cost-effective payment process.
Square Feature list
- Third-party applications
- Banking solutions
- Contactless payments
- Point-of-sale system for accepting payments
- Easy-to-use card reader
- Fast deposits with funds
- Online payment processing
- Support for digital wallets
- Customizable payment pages
- Simple and affordable pricing.
Top 3 Square Features
1. Third-party applications
Square's third-party application feature provides nonprofits various tools to support their fundraising and payment processing needs. With integrations for popular applications like QuickBooks, Mailchimp, and Eventbrite, nonprofits can streamline their workflows and manage their donor data more efficiently.
This feature also offers customizable reporting tools, allowing nonprofits to track their fundraising progress and measure their impact over time. With Square's third-party application feature, nonprofits can access the tools they need to optimize their fundraising and payment processing strategies and focus on their mission.
2. Banking Solutions
Square's banking solutions feature provides nonprofits with robust access to financial services and support to manage their funds more effectively. With Square's FDIC-insured deposit accounts and payment processing services, nonprofits can easily manage their finances, accept donations, and pay bills.
This feature also offers a range of customizable tools for managing expenses, tracking revenue, and generating financial reports. Square's banking solutions are designed to support nonprofits of all sizes, making it easier to manage their funds and focus on their mission..
3. Contactless Payments
Square's contactless payments feature is valuable for nonprofits looking to enhance their in-person fundraising and payment processing capabilities.
Square's contactless payments feature provides nonprofits a safe and convenient way to accept donations and payments in person. With Square's mobile card readers and contactless payment options, nonprofits can securely accept supporters' donations.
This feature also offers customizable payment options and the ability to track donations in real time, making it easier for nonprofits to manage their fundraising efforts.
Square's Pros and Cons
- Contactless payment options
- Robust reporting and analytics tools
- Integration with popular e-commerce
- Easy management of donor data and financial reporting
- Dedicated customer support team
- Square's platform is well-known and trusted
- Square's pricing can be high
- Limited support for certain payment methods
- Opportunities for some nonprofits
- Customization options for payment forms and checkout processes are more limited than other solutions.
- Square's dispute resolution process can be time-consuming and complex for nonprofits.
- Some users have reported issues with customer support responsiveness and reliability.
- Square's platform may integrate better with certain fundraising platforms than other solutions.
Square offers transparent pricing, so you know exactly what you'll pay. When a customer makes a payment, Square only keeps a small fraction of the fees, most of which goes directly back into your business.
The rates are as follows:
- 1.6% per transaction on Square Terminal or Square Register
- 1.9% per transaction on Square Reader and Square Stand
- 2.2% per transaction for manually-entered transactions, which includes products like Square Invoices or Square Online.
Custom rates are available for organizations or businesses that process more than $250,000 per year in card payments based on various factors. If you don't qualify for custom rates, you'll pay Square's standard credit and debit card transaction fee.
Square integrates with over 100 popular apps, some of which are as follows;
- Barcode scanners
Average Customer Rating of Square from Software Directories
This section will present the average user rating for Square gathered from prominent tech forums like Capterra, GetApp, and G2. Per the customer feedback published on these platforms, Square average rating is 4.7 out of 5.
According to Capterra, users have the following reviews about Square.
"What I like most about the software is the friendliness of the app and the abundance of analytics regarding your business."
"The best part is the analytics. Love how easy it is to customize the menu and make it easy to check people out."
"This is perfect for mobile on the go sales. The process is very simple and the customers love how easy it is to use."
Square Customer Support Options
Square provides various customer support options such as phone and email support, live chat, social media support, and a help center with articles and tutorials. Additionally, Square has a community forum where users can connect and share knowledge with other Square users.
Square Product Screenshots
Square available apps
Square application is supported on iOS and Android devices. It is also available on web browsers and can be accessed on desktops and laptops. Additionally, it integrates with popular e-commerce platforms such as WooCommerce, Magento, and Shopify.
Square is a great payment processing solution for nonprofits due to its ease of use, affordable pricing, and various payment options. Nonprofits can accept donations online or in-person through Square, making it a versatile option for organizations of any size. Additionally, Square's mobile app allows nonprofits to accept donations on the go.
6. Bloomerang Payments
Bloomerang Payments is a payment processing solution designed specifically for nonprofit organizations. It offers a range of features to help nonprofits manage their donations, including online payment processing, recurring giving, and pledge tracking.
Bloomerang Payments also offers a donor management system that allows nonprofits to track their donors' giving history and create targeted campaigns. It's easy to use and integrates with other popular nonprofit software, making it a seamless addition to any organization's toolkit.
Bloomerang Payments prioritizes security and compliance, offering advanced fraud detection and PCI compliance. With its focus on nonprofit needs and user-friendly features, Bloomerang Payments is a top choice for organizations looking to streamline their donation process.
Bloomerang's Feature list
- Donor Database
- Global donors
- Online payment processing with recurring giving
- Pledge tracking features
- Donor management system
- Creating targeted campaigns
- Integrates with other popular nonprofit software
- Advanced fraud detection
- PCI compliance for added security
- Customizable donation pages
- Reporting options.
Top 3 Boomerang's Features
Bloomerang payments is a powerful integration feature that allows organizations to simplify donation tracking and improve their fundraising efforts. With Bloomerang payments, organizations can easily accept payments.
Moreover, they can also track all donation data in one place. This feature also enables organizations to set up recurring donations, providing a steady revenue stream.
Bloomerang payments integrate seamlessly with popular platforms like Stripe, PayPal, and more. By streamlining the donation process and providing real-time tracking. Furthermore, Bloomerang payments help organizations increase engagement, build stronger relationships with donors, and ultimately, raise more funds.
2. Global Option
Bloomerang payments offer a global payment option that enables donors worldwide to contribute to non-profits with ease. This feature allows organizations to accept payments in different currencies, providing donors a seamless donation experience regardless of location.
Bloomerang payments also provide secure payment processing, ensuring that donor information is protected. This feature supports various payment methods, including credit cards and bank transfers. Thereby, making it convenient for donors to choose their preferred payment method.
3. Fraud Detection
Bloomerang payments offer a fraud detection option that provides an extra layer of security for donors when making contributions to nonprofits. This feature uses advanced technology to detect and prevent fraudulent transactions, protecting both the organization and the donor.
Bloomerang payments also offer real-time transaction monitoring, allowing organizations to track all transactions and identify any suspicious activity immediately. With this feature, organizations can ensure that their donors can give with confidence and minimize the risk of financial fraud.
Bloomerang's Pros and Cons
- User-friendly payment processing solutions for nonprofits
- Contactless payment options
- Safe and secure transactions
- Robust reporting and analytics tools
- Dedicated customer support team
- Bloomerang Payments' pricing may be higher than other payment processing solutions.
- Certain payment methods and currencies may not be supported
- Limited payment forms and checkout processes
Bloomerang has a built-in tool to request donors to cover transaction fees and accepts payments from various sources. The platform charges 2.9% + $0.30 per transaction for credit and debit payments. In comparison, ACH payments are charged at a lower rate of 1% + $0.30 per transaction.
Bloomerang Payments integrates with various third-party apps and platforms. Some of them are listed below;
- Double the Donation
Average Customer Rating of Bloomerang from Software Directories
This section will present the average user rating for Bloomrang payments gathered from prominent tech forums like Capterra, GetApp, and G2. As per the customer feedback published on these platforms, Bloomerang's average rating is 4.7 out of 5.
Customer who have used Bloomerang, reviewed it as;
"We are a small organization, but we now have the tools to do some pretty sophisticated stuff. Being web based makes it a fantastic tool for use on the road”
"It is incredibly helpful and the Bloomerang is so kind and patient. I also love the ease of the email templates."
Bloomerang Customer Support Options
Bloomerang Payments provides several customer support options, including phone and email support. Furthermore, a comprehensive knowledge base, and video tutorials helps nonprofits as well.
Their support team is available during business hours and offers a 24-hour response time for all inquiries. They also provide personalized training sessions for customers who require additional assistance.
Bloomerang Product Screenshots
Bloomerang available apps
Bloomerang Payments is a web-based application accessible on all devices with an internet connection and a web browser. It is not available as a standalone mobile application but can be accessed on mobile devices via a web browser.
Bloomerang Payments is an ideal solution for nonprofits as it provides a user-friendly platform for easy and secure payment processing. With features like recurring donations, customizable forms, and detailed reporting, Bloomerang Payments streamlines the donation process.
Customisable receipts and invoices
Integration with accounting software
Credit limit and Credit Card hold
Best of the Best - Top 3
After a detailed scrutinization of all available payment options, we have found the 3 best options for nonprofits to be as follows;
Nonprofits should choose ZarMoney as their payment processing solution for several reasons. Firstly, it offers affordable pricing plans that cater to nonprofit budgets. Secondly, ZarMoney provides a user-friendly interface that simplifies financial management for nonprofits.
Furthermore, ZarMoney offers advanced security features to protect sensitive financial information. Fourth, it integrates with popular accounting software, saving time and resources. Their customer support team is knowledgeable and responsive, providing nonprofits with reliable assistance. ZarMoney is the perfect payment processing solution for nonprofits seeking an affordable, user-friendly, secure, and reliable platform.
Paypal is a viable payment processing solution due to lots of reasons. It offers low transaction fees and no setup costs. Moreover, it provides a simple and easy-to-use platform that can be integrated with various e-commerce tools.
Not to forget, PayPal is a trusted and reputable brand that helps build credibility and trust with donors. Furthermore, PayPal has a mobile app that allows nonprofits to receive donations from anywhere. Lastly, it also offers fast and reliable customer service support, ensuring that nonprofits receive timely assistance whenever needed.
Fundly is a reliable payment process solution due to its user-friendly interface. It makes creating and managing fundraising campaigns easy. Fundly allows nonprofits to accept donations online, including mobile contributions.
Moreover, it offers competitive transaction fees and no monthly or setup fees. Fundly also provides various useful tools, such as donor management and social media integration. These help nonprofits maximize their fundraising efforts.
What are the best payment processing solutions for nonprofits that are small-sized?
The best payment processing solutions for nonprofits that are small-sized. These offer low transaction fees, a simple setup, and user-friendly platforms. ZarMoney, PayPal, Fundly, and Stripe are popular options that provide affordable and easy-to-use payment processing solutions for small nonprofits.
What are the best payment processing solutions for nonprofits that are medium-sized?
The best payment processing solutions for nonprofits that are medium-sized. These offer a range of features, such as advanced reporting and donor management tools. ZarMoney, Donorbox, Qgiv, and Network for Good are popular options that provide comprehensive payment processing solutions tailored to the needs of medium-sized nonprofits.
What are the best payment processing solutions for nonprofits that are large-sized?
The best payment processing solutions for nonprofits that are large-sized are robust and scalable. These solutions are capable of handling high volumes of transactions. ZarMoney, Blackbaud Merchant Services, iATS Payments, and Authorize.net are popular options that offer enterprise-level payment processing solutions for large nonprofits.
Which payment processing solution is used mainly by Nonprofits?
Nonprofits often use payment processing solutions that are tailored to their needs. These solutions offer features such as recurring donations, donor management, and fundraising tools to help nonprofits maximize their fundraising efforts. Some popular options include ZarMoney, PayPal, and Stripe.
Buyer's Guide to Payment Processing Solutions For Nonprofits
1. What is a payment processing solution?
A payment processing solution is a system that enables businesses and organizations to accept payments electronically from customers or donors. It typically involves a merchant account that allows for the secure processing of credit cards, debit cards, and other forms of electronic payments.
Payment processing solutions can be integrated into websites, mobile apps, or point-of-sale (POS) systems. They also often offer features such as fraud prevention, chargeback management, and reporting tools to help businesses manage their transactions and finances.
2. What makes a good payment processing solution for Nonprofits?
A good payment processing solution for nonprofits should be user-friendly, secure, and cost-effective. It should offer features tailored to the needs of nonprofits, such as recurring donations, donor management, and fundraising tools.
The solution should also be able to integrate with the nonprofit's existing systems, such as its website or CRM. Additionally, it should provide excellent customer support to help the nonprofit resolve any issues quickly.
Finally, the solution should have transparent pricing and reasonable fees for a nonprofit's budget.
3. Why use a payment processing solution?
Using a payment processing solution can offer many benefits to businesses and organizations. It allows for the secure and efficient processing of electronic payments, improving cash flow and reducing the risk of fraud.
Payment processing solutions can also offer additional features such as recurring payments, chargeback management, and reporting tools to help businesses manage their finances. By using a payment processing solution, businesses can offer their customers and clients more convenient and flexible payment options. Thereby, improving customer satisfaction and loyalty.
4. Use Cases
Payment processing solutions can enable nonprofits to accept online donations quickly and securely, allowing donors to give easily through a website or mobile app.
Nonprofits can use payment processing solutions to set up recurring donations, which can provide a reliable stream of income for their organization.
Payment processing solutions can process payments for fundraising events, such as charity auctions, galas, or races.
Nonprofits can use payment processing solutions to collect membership fees and automate renewal.
Payment processing solutions can process payments for nonprofit merchandise sales, such as t-shirts, bracelets, or other branded items.
Nonprofits can use payment processing solutions to facilitate crowdfunding campaigns, allowing supporters to contribute to a specific project or cause.
Payment processing solutions can be used to process application fees for grant opportunities.
Nonprofits can use payment processing solutions to process payments for corporate sponsorships or donations.
Payment processing solutions can be used to process payments for event registrations, such as conferences or workshops.
Payment processing solutions can offer donor management features, allowing nonprofits to track donations and donor information and automate thank-you messages and receipts.
5. Key Features
Nonprofits must track donations and donor information to build relationships with their supporters and increase fundraising.
Payment processing solutions enable nonprofits to set up and manage recurring donations to increase regular giving.
Customizable Donation Forms
Nonprofits need customizable forms to collect donor information and allow donors to give in a way that fits their preferences.
Secure Payment Processing
Payment processing solutions should be secure to protect the nonprofit and the donor from fraud and data breaches.
Nonprofits need mobile-compatible payment processing solutions to accept donations from smartphones and tablets.
Integration with CRM
Payment processing solutions should integrate with a nonprofit's existing CRM system to help manage donor information and communications.
Reporting and Analytics
Nonprofits need reporting and analytics tools to track donation trends, donor engagement, and campaign effectiveness.
Payment processing solutions should support multiple currencies to enable donations from international donors.
Payment processing solutions should offer transparent pricing and reasonable fees that align with a nonprofit's budget.
Payment processing solutions enable nonprofits to create and manage peer-to-peer fundraising campaigns to engage supporters and raise more funds.
Payment processing solutions should offer event management features to help nonprofits organize and manage fundraising events.
Automated Receipts and Thank-You Messages
Payment processing solutions enable nonprofits to automate receipt and thank-you messages to donors, increasing donor satisfaction and engagement.
6. Pros of payment processing solutions
Payment processing solutions can make donating quick, easy, and convenient, leading to an increase in donations.
Improved Cash Flow
Payment processing solutions can speed up the payment process and reduce the time it takes to receive donations, improving nonprofit cash flow.
Payment processing solutions provide secure transactions, reducing the risk of fraud and protecting donor information.
Payment processing solutions can automate many donation-related tasks, such as issuing receipts and thank-you messages, saving time and increasing efficiency.
Better Donor Management
Payment processing solutions can offer donor management features, enabling nonprofits to better track and engage with donors.
Flexible Giving Options
Payment processing solutions offer flexible giving options, such as recurring donations and mobile giving, which can appeal to a wider range of donors and increase giving.
7. Cons of payment processing solutions
Payment processing solutions charge fees, which can cut into a nonprofit's budget and reduce the amount of money that goes toward its mission.
Payment processing solutions may experience technical issues, leading to delayed or lost transactions.
Payment processing solutions can lead to payment disputes between donors and nonprofits, which can be time-consuming and costly.
Payment Processing Time
Payment processing solutions can take time to process payments, which can delay the availability of funds to nonprofits.
Payment processing solutions may need to integrate more easily with a nonprofit's existing systems, requiring additional time and resources to set up.
Payment processing solutions can be vulnerable to security breaches, which can put donor information at risk and damage a nonprofit's reputation.
8. Ease of use
The ease of use of payment processing solutions for nonprofits varies depending on the provider and the nonprofit's needs. However, many payment processing solutions offer intuitive interfaces, easy setup and management, and customizable features that make it feasible for nonprofits to accept donations and manage donor information.
9. Integrations to look for
When choosing a payment processing solution, look for the following integrations;
- Gravity Forms
- Click & Pledge
- Give Lively
10. How to choose a payment processing solution for nonprofits?
When choosing a payment processing solution for nonprofits, consider factors such as ease of use, security, fees, customization options, integration with existing systems, and support. Choosing a solution that aligns with the nonprofit's goals and budget and offers features that meet its specific needs is important.
11. What is a Payment Processing Solution not a good fit for?
A payment processing solution may only be a good fit for nonprofits operating offline with internet or mobile devices. Additionally, nonprofits primarily relying on in-person fundraising events, such as charity auctions or galas, may not need a payment processing solution. It's important to assess the nonprofit's needs before deciding whether a payment processing solution is necessary.
FAQs (Frequently Asked Questions)
1. What is a payment processing solution?
A payment processing solution is a system business and organizations use to accept and manage online payments. For nonprofits, payment processing solutions can make accepting donations quick, easy, and secure.
Payment processing solutions are exceptionally popular among nonprofits. In fact according to Statista, 61 percent of nonprofits have increased their budget in past years.
These solutions typically offer features such as automated receipts, customizable donation pages, and donor management tools.
2. Why do nonprofits need payment processing solutions?
Nonprofits need payment processing solutions to streamline the donation process, increase donor engagement, and improve cash flow. These solutions make it easy for donors to give, enable nonprofits to manage donor information, and provide secure transaction processing.
Payment processing solutions can help nonprofits reach their fundraising goals and further their mission.
3. What is the best payment processing solution for nonprofits?
There is no single best payment processing solution for nonprofits, as the right solution will depend on the nonprofit's unique needs and budget. Evaluating different solutions based on features, ease of use, fees, and support is important to find the best fit.
Some popular payment processing solutions for nonprofits include ZarMoney, PayPal, and Stripe.
In conclusion, payment processing solutions for nonprofits are essential for nonprofits seeking to improve performance. While many options are available, the six best payment processing solutions for nonprofits are ZarMoney, PayPal, and Stripe.