Top 5 Credit Card Processors for Nonprofits

Payment Processing Tools for NonprofitsRating
iATS Payments4.9 out of 5.0
Fundly4.8 out of 5.0
Stripe4.3 out of 5.0
PayPal4.1 out of 5.0
Braintree3.9 out of 5.0

If your nonprofit wants to start accepting online and mobile donations, you need to have a payment processing tool.

Payment processing tools complete the backend operations that take funds from your donors’ accounts and deposit them into your nonprofit’s bank account.

While there are hundreds of different payment processing tools that your nonprofit could choose from, we’ve got the best four right here.

Each payment processor comes with pros and cons, but these four are the cream of the crop and can help you start accepting online donations quickly and easily.

Top Credit Card Processors for Nonprofits

#1) iATS Payments

iATS payment processing for nonprofits

Overview

iATS Payments was formed two decades ago on a simple premise: to help nonprofits process donations more easily and more efficiently.

Now in their 20th year in business, iATS Payments has proven that commitment time and time again.

They maintain the highest security standards (level 1 PCI compliance) and offer their nonprofit clients a whole host of fundraising and payment processing solutions.

iATS Payments also integrates with dozens of nonprofit fundraising software providers.

This means that if your mobile bidding provider, text-to-give tool, donation page software, and peer-to-peer platform all use iATS Payments to process donations, your financial reporting is automatically synced and in one place.

Why We Love It

iATS Payments is one of the only payment processing tools that works exclusively with nonprofit organizations. Because of this specialization, iATS is able to give their nonprofit clients the best possible customer service in the industry.

Plus, the multitude of channel partners that iATS Payments has means that your nonprofit can seamlessly transition all of your payment processing into one, easy-to-use tool, regardless of the different types of software you have.

Pricing

Rates for credit card processing range from 2.49% (for Visa, MasterCard and Discover) to 3.2% (for American Express) per transaction.

ACH processing is offered at a flat $0.26 per transaction no matter the amount.

#2) Fundly

Fundly offers a stellar crowdfunding platform for nonprofits.

Overview

Although it isn’t a traditional payment processor, Fundly does offer tools to help nonprofits collect donations online.

Between its crowdfunding platform, peer-to-peer services, and other nonprofit tools, it is the perfect option for nonprofits looking to collect donations securely and through a user-friendly interface.

For the technical credit card processing step of collecting donations, Fundly gives users the option of going through WePay or Stripe.

Why We Love It

Fundly is designed with the fundraiser and the donor in mind so you can be sure that your organization will be able to use the platform and your donors will too!

Pricing

Fundly’s platform fee is 4.9% per donation. Additional credit card processing fees will be assessed and determined depending on if you use WePay or Stripe.

#3) Stripe

Stripe is one of the most common payment processing tools

Overview

Stripe mainly does payment processing for businesses and for-profit entities, but they work with nonprofits as well.

Stripe is an aggregator, meaning that it processes payments through its own merchant account. Nonprofits don’t get to choose their own merchant account like they would be able to with a dedicated payment processor.

However, Stripe does offer mobile payment processing, which is helpful for businesses and nonprofits that need to accept payments on the go at events or gatherings.

Why We Love It

All of Stripe’s forms are built to stay on your nonprofit’s website. Donors don’t get redirected to a third-party site where they may or may not finish the donation process.

Pricing

Stripe’s regular payment processing fee is 2.9% + $.30 per transaction.

However, nonprofits can contact their sales team for a discounted price if they so desire.

#4) PayPal

PayPal is one of many payment processing tools for nonprofits

Overview

PayPal is another payment processing tool that uses its own merchant account to process transactions for businesses and nonprofits.

PayPal is PCI compliant and allows nonprofits to securely process donations both online and on-site (with the help of PayPal Here).

There are no extra fees for account setup, statements, withdrawals, or cancellation.

Why We Love It

PayPal enables nonprofits to accept donations made with credit cards or with a donor’s PayPal account.

Pricing

PayPal offers a discounted rate for nonprofit organizations.

They charge 2.2% + $0.30 per transaction.

#5) Braintree

Braintree is one of the many payment processing tools that your nonprofit can use

Overview

Braintree Payments, a PayPal company, allows nonprofit to easily accept all kinds of donations, ranging from debit and credit cards to Bitcoin and Apple Pay.

However, Braintree is a payment processor that requires a developers to get up and running. While it is easy to use for your donors, it might be a bit more complicated to set up on your nonprofit’s end.

Braintree does keep all of your donors’ personal information on their servers, and they also make sure that your donation forms are PCI compliant.

Why We Love It

The variety of payment options that Braintree Payments accepts means that all of your supporters can give the way they want to.

Pricing

Braintree Payments charges 2.9% + $0.30 per transaction. An additional 1% fee applies to transactions processed outside of your home currency.

Additional Payment Processing Resources

Payment Processing Basics

The basics of payment processing for nonprofits

Payment processing might seem like a foreign and complicated concept, but once you know how it works, it actually makes perfect sense!

Take a look at our guide to payment processing for nonprofits to learn more.

The Dangers of Online Fraud

Online payment fraud

Unfortunately, online payment fraud is a common occurrence. But if your nonprofit knows how to detect and avoid it, life can be a little easier.

Check out this article to learn more about credit card and ACH direct debit fraud.

5 Payment Processing Concepts

You might still have questions about payment processing, and that’s okay! Luckily, we’ve got the perfect resource for you.

Read about these 5 key payment processing concepts to become an expert.

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