Date post: | 14-Jun-2015 |
Category: |
Technology |
Upload: | pdxtech4goodorg |
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How to Evaluate
Payment Processors
Presented by:
Presenter:
Lila Pigott
Solutions Analyst
Q&A:
Lila Pigott and
Cat Monaghan
A payment processor is a service that
processed credit card payments. Processing
includes verification of available funds and
anti-fraud measures.
What is a Payment Processor?
Why Are We Talking About
Payment Processors?
• Most nonprofits use one
• Reevaluation may be required
based on changing organizational
needs
• What do you want it to do?
• How much does it cost?
• How easy is it to use?
The Big Three
Questions to Ask When You’re Picking a
Payment Processor
What Do You Want It To Do?
• Payment types
• Volume
• Integrated or unintegrated
What Do You Want It To Do?
Payment Types
• Donations
• Event Tickets
• Memberships
• Online Shopping Cart
• Peer to Peer Fundraising
• Recurring Payments
What do you want it to do?
Volume
• Low Volume: 90% of donations come in via
check. Five online donations per month.
• Increasing Volume: Online donations
increased from 50 to 75% of donation volume
over the past year. Processing time has
doubled for staff.
• Integrated: Event ticket purchases made
through website are automatically reflected
on the contact record of the purchaser in
database.
• Unintegrated: Books purchased via Paypal
through website. Staff manually associate
purchase with contact record in database.
What do you want it to do?
Integrated or Unintegrated
• Transaction fees
• Per transaction flat rate
• Flat rate event fee
• Per month flat rate
• Contract fees
How Much Does it Cost?
• The more it does, the more complex it is
• The ole’ time vs money conundrum
• It’s plug and play only up to a certain point
Create new event pages
Manage various donation funds
Multiple campaign pages
How Easy Is It To Use?
Payment Types
• Donations – PayPal, FirstGiving, IATS Brickwork, Click & Pledge,
Linvio Payment Connect, Network for Good
• Event Tickets – PayPal, Eventbrite*, Click & Pledge*, Brown Paper
Tickets, Acteva*, RegOnline, Cvent
• Memberships – MemberNation*, Click & Pledge*
• Online Shopping Cart – PayPal, Google Shopping Cart, Click &
Pledge* connector, Nexternal, Square
• Peer to Peer Fundraising – FirstGiving, Razu, Fundly*, StayClassy,
CauseVox, Kimbia*
• Mobile Giving – Mobile Giving Foundation, MobileCause, mGive,
Click & Pledge*
• Additional Processors – Authorize.net,
*Has Salesforce integration or integration is in progress.
Solution Comparison Selection limited to those than can integrate with Salesforce
Payment Processors* Donations Events Memberships Peer to Peer Online
Shopping Cart Mobile Giving
ActevaRSVP v
Click&Pledge v v v* v v
Common Ground v v v
Cvent v
Eventbrite v
IATS Brickwork v
Linvio Events v
Linvio Payment
Connect v
Nexternal v
RegOnline v
*Custom programming required
Questions?