When you're running a nonprofit, every dollar counts. Whether you're supporting local schools, global aid, or community programs, you can do more with every donation if you keep administrative costs down. One area that often goes unnoticed but can stealthily deplete your resources is payment processing. Merchant fees for charities...
Why 501(c)(3) Organizations Need Specialized Merchant Services
501(c)(3) organizations are the lifeblood of communities, advancing causes ranging from environmental sustainability and hunger reduction to healthcare and education. These nonprofits frequently have extremely tight budgets, with every dollar having to go as far as possible, despite their crucial role. Like any other organization, they still have to process...
Donation Software vs. Payment Processors: What’s the Difference?
Two terms that are frequently used in the context of online transactions and nonprofit payments are payment processors and donation software. Despite their apparent similarities, they have distinct functions and are necessary for efficient donor transactions. Nonprofits can select the best tools to optimize their fundraising potential by being aware...
Do You Need a Lawyer to File for 501(c)(3) Status?
Creating a nonprofit organization is a commendable move towards generating positive social change. A crucial element of operating a nonprofit is securing 501(c)(3) status, which provides tax exemption and can greatly improve your organization's credibility. Numerous aspiring nonprofit creators question: Is it necessary to have a lawyer to apply for...
Mobile Payments for Nonprofits: The Next Step in Fundraising Convenience
Nonprofits now have a unique chance to improve their fundraising with the increasing use of smartphones and the popularity of contactless payments. This article explores the growth of mobile payments, how they affect nonprofit fundraising, difficulties in integrating them, examples of successful use, and the upcoming trends in online donations....