Non-Profits are the lifeblood of the social development community in any country right now. What with government accountability dwindling by the minute – it is up to social entrepreneurs and SJWs to take up the cause of the marginalized and weave it into a success story. This dream can be actualized only with the help of a steady flow of donations keeping the mission alive. Technology makes it easier than ever to streamline donations by using ACH payment processing meant for non-profits via low-cost methods.
Electronic transfer of funds from one bank account to the other is known as ACH. This transfer happens through an Automated Clearing House network – also known as ACH – that helps connect every bank across the country with each other. Fast and secure, the ACH payment processing tool enables donations to pop up instantly in your non-profit’s bank account as a direct deposit from the beneficiary. The donor only needs to initiate payment through an authorization form online. Once information about bank accounts such as account number, routing number, and financial entity name is provided – they are free to choose on the amount they wish to donate and swiftly make a one-time or recurring payment The Two types of ACH Transactions are Direct ACH deposit – meant for ‘pushing’ money into other accounts and Direct ACH payment – meant for ‘pulling’ money from individual/ business accounts. This is the type where a Donor would set up a one-time or recurring payment with Premium Payments website to make their significant donation to your Non-profit.
Premium Payments helps you easily set up an ACH payment platform for your non-profit. An ACH transaction typically consists of the following elements:
The final step in this arduous but meticulous process is for the RDFI to debit or credit the entity’s account.
Premium Payments helps track all donor information important to your non-profit using an integrated singular solution. All revenues from merchandise, fundraisers, or ticket sales also get synced together. What’s more, is that you get 24/7 access to financial reporting that guides all your decisions.
The benefits of the ACH non-profit payment processing tool are far-reaching, to say the least. From helping one to keep the foundation or organization up and running by easing the process of payment to helping out in bringing additional revenue through merchandise – ACH can be a game-changer. More so, fundraisers are the life-blood of most non-profits where ACH payment processing is useful for ticket sales as most online sales and digital wallet platforms accept ACH payments instantly.
Some significant benefits to equipping yourself with the ACH payment processing tool are as follows:
Recurring donations through ACH payment processing tools are said to get 42% more donations in a year as compared to one-time donations. The biggest of organizations are utilizing this donor behavior – by breaking down the donation and offering upgrades, such as UNICEF. It is time to give up the paper trail and stop counting cash when a partnership with Premium Payments helps you collect ACH payment information and also automate all future donations. Usher in an era of recurring donations and seamless transfer with the help of ACH payments processing.
To know more in-depth details about ACH payment processing, connect with us on (954)-934-9004, (305)-747-5855. Let us help you start your Premium Payments risk free premium online payment trial today!
Premium Payments offers cutting edge remote payment solutions. We are committed to helping businesses speed up their payment cycle by offering ACH payment services, Electronic check services and Credit card Processing services. We offer payment processing solution for Auto Dealers, law firm and attorneys, Insurance agents/companies, Accountants and Accounting firms, Non-profit organizations and Property management companies. Call (954)-934-9004, (305)-747-5855 or email us at email@example.com To Start Your Risk Free Trial. No Credit Card Required.