Charity work is hard work. The hours are long, the labor may be physically demanding, and the good times can be fleeting. The goal, however, is not to make money. It is to better the lives of others who happen to be physically, mentally, educationally or seriously financially challenged. That is not to say that parties responsible for providing the charity/aid do not need to raise money. The assistance they provide may receive only minimal, (or possibly no), funding from any government entity. Many charitable groups, churches, and non-profit organizations have products that they sell to raise the necessary funds, or services that they provide to everyone, but their main source of income is soliciting donations from kind-hearted members of the public. The easiest way for people to make contributions would be via the Internet, but a lot of aid/religious organizations cannot accept credit card payments online. Donors often do not mail paper remittances if they cannot give online, either. They simply go to the web page of an organization that can accept credit cards, and give their money to that establishment.
The reason charitable organizations lack credit card processing services is due to the credit card processing companies they would have to go through to collect their funds. Since the organizations do not have steady cash flow, the processing companies view them as high risk clients, and deny them the online merchant accounts they need for payment processing. If the processors do give the organizations said accounts, they often come with inflated fees attached, or are subject to third-party financial holds because they are not private. This means that the processors can manipulate the funds the organizations collect in the accounts, while the organizations sit and wait for them – or what is left of them – to be distributed. This kind of treatment from credit card processors is hardly helping any causes.
Thankfully, there are charity credit card processing companies like Charge.com that exist to help businesses and organizations get fair and honest payment gateway services. The application process for a high risk (or even low risk!) merchant account with them is free, and approval can be granted very quickly. 24-48 hours after being approved for an account, an aid organization can start using it to process payments in real-time with instant check verification and immediate transaction authorization. In addition to getting a private merchant account for charity with Charge.com, clients will also receive free credit card readers and have them set up at no extra cost. Expert technical support – also free – is available to all clients 24/7. Other great benefits from Charge.com include the following:
- FDIC Insured accounts
- No hidden fees
- Rates as low as 0.25%
- Transaction charges that cost as little as $0.15
- Virtual Terminals – Web-based terminals that can take orders, process online payments, e-mail invoices, and do detailed bookkeeping
- No interminable third-party processor holds on funds
Charities, churches, and non-profit organizations are already operating on a wing and a prayer. It is crippling their operations to have a lot of their funds plundered and wait weeks for the rest to return. With assistance from Charge.com, their lost finances can find their way home.