There are more than 1.5 million nonprofit organizations based in the U.S., such as the Nature Conservancy, Feeding America and Direct Relief, and they all rely on donor support. As such, nonprofits need to be prepared to process online donations safely and securely, which can be done through software geared specifically toward nonprofits and their unique needs. For example, nonprofit payment gateway software provides secure payment functionality for both nonprofits and donors. These payment gateway solutions connect nonprofits to their bank’s processing platform to securely transmit and authorize payments such as donations, membership fees and online purchases.
According to Giving USA, American donors contributed an estimated $390 billion to U.S. charities in 2016, rising 2.7 percent. The Charitable Giving Report found that in 2017, overall charitable giving in the U.S. increased 4.1 percent while online giving grew 12.1 percent. Total charitable giving is expected to increase 3.8 percent in 2018, according to a recent report by Indiana University Lilly Family School of Philanthropy. Charitable giving is on the rise and NPOs need to be prepared to securely process all of those donations.
Nonprofit payment gateway software
The nonprofit sector is comprised of a wide array of health, education, civic, environmental advocacy, social, arts and culture, legal and international relation organizations. No matter their focus, nonprofits all share a central goal of raising funds to support their missions and further their causes. Nonprofit organizations need payment gateway solutions that provide their organizations and donors with essential security. So, to expand upon our payment gateway software solutions, this category will focus solely on the nonprofit sector.
Payment processing tools secure donors’ financial information, detect and prevent fraud, and verify that the donors are, in fact, not robots. Nonprofit payment gateways provide all of these features but specifically for the nonprofit sector. They often provide comprehensive options for donation pages as well as integrations with nonprofit CRM and other e-commerce tools, such as subscription management software in the case of recurring payments.
Features may include, but are not limited to:
- Accepting payments including credit cards, debit cards and other forms of electronic payment
- Protecting users’ financial information
- Detecting and preventing fraudulent activity
- Specializing in online transactions for the nonprofit sector
- Encrypting sensitive information via a virtual terminal
- PCI compliance
- Recurring billing
- Donate button
G2 Crowd is partnering with Camp Kesem, a national nonprofit organization, to support the more than 5 million children in our country impacted by a parent’s cancer. For each review, G2 Crowd is donating $10 — with a goal of raising $5,000 — to provide year-round support and a fun week of camp for five children.
Nonprofit payment gateway products
Let’s learn a little bit about the 11 products that kick off this category launch. They are listed below in alphabetical order and range from 0–183 user reviews.