Payments and Accounting

Accepting credit card payments or bank transfers through your system requires a payment gateway (and merchant account). The systems we evaluated vary greatly in how they support these needs. Some vendors integrate with several payment processors, while others have their own custom solutions. Fees vary by processor and are generally charged on a per transaction basis, and some vendors charge an additional per-transaction fee in addition to processor fees. Many systems allow you to add a checkbox to online donation forms that gives donors the option to cover the processing costs for their gift, which can help defray some of those costs. In addition to asking about processing fees, there are additional questions you should ask about payment processing. Can you set up an automatic process for charging cards on a recurring basis? Does the system store credit card numbers in the database? If so, ask about how they protect credit card data and make sure that the system is PCI compliant at a minimum. Some vendors that allow you to choose from several payment processors will also allow you to connect multiple payment processors to the system for different types of transactions. This can be a benefit for adding…