Credit Card Processing for Accepting Non-Profits

Feb 29, 2016

Running a successful business is tough, and some say that running a successful nonprofit it tougher. Nothing is worse than having a great idea for a non-profit, and being clueless as to how to get started, and afterwards how to grow it. 2016 is here, and it is the perfect time to realize your dreams of operating a non-profit. However, while your idea may be easy, finding tips on how to make the organization successful are not so easy to come by. Below are a few tips to help you rock your non-profit to its full potential in this new year.

First, you must have a clear vision. This can take time to narrow down, because some ideas have multiple ideas rolled into one. Start with one single idea, and go with it. You can always expand on your journey later, after you have found your foothold. Also, be sure to know your endgame, i.e. your end goal. By knowing what you want to accomplish in the end, you can find your starting point in a much clearer light.

Second, do not be afraid to say “no”. Not every friend or family member has the best ideas, and you only need to go with the best of the best. “Good ideas” are not going to cut it in the non-profit world, and you may need to invest in experts to help you find your path.

Third, and most important for long-term success, is stability and consistency. Shareholders will dump you quickly if you are not consistent with your work and its turnout. Board members will have issues if you are unstable in your work proceedings. Also, charity watchdogs will have a field day if your non-profit has significant issues. One bad rating from these guys can drown your dream.

Also, you need to look for credit card processing for accepting non-profits. This is tough, because often non-profits fall into the “high risk” category, leaving them with higher processing fees and few legitimate choices for processors. However, it can be done. You just need to dedicate your time in looking.

While there are numerous other tips, these four things can ensure that your non-profit can succeed, regardless of its purpose. While there will be challenges along the way, but by keeping true to your message and end goal, you can be comforted that your non-profit dream can become a success.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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