A merchant account is a bank account that allows a nonprofit to accept online donations via credit or debit cards. This account is set up under a contract between a nonprofit and a merchant-acquiring bank.
Glossary of Payment Processing Terms
Why Do Nonprofits Need a Payment Processor?
What’s the Difference Between a Payment Processor and an Online Donation Tool?
Let’s Use Fundly to Explain the Difference
Top Rated Payment Processors for Nonprofits
How Does Payment Processing Work?
Click on each step to see a detailed explanation.