Running a nonprofit organization is an incredible feat. While providing so much to those in need, a nonprofit business has to be as efficient with their cash as possible.

While one way to save money would be to only accept cash donations, for most nonprofits, you just can’t ignore credit card donations. Donators actually have a higher propensity to donate if it is done with a credit card.

With that being said, there are ways around expensive credit card processing as a nonprofit. As a nonprofit organization, you are put into a nonprofit category for credit card processing. This means that you qualify for lower processing rates, and better perks, if you can prove that you are a registered charity with the Federal Government. Regular processing rates (at Helcim) for merchant’s ranges: the higher the amount you process the lower the rates. Non-profit rates are lowered so much that it is similar to the rates that the highest processing merchants are charged (0.10% + 10 cents per transaction). To understand more about credit card processing rates, read our article on the subject.

Online Donations

Many charity fundraising campaigns today happen online. If you are a looking to accept payments online, you are going to need a credit card processor that allows you to both accept payments through an online payment gateway, and add a ‘donate’ button on your website. With the Helcim Commerce payment pages or Helcim.js technology, a donate button is easy to create and customize. Our online gateway accepts payments online securely.

In-Person or On-the-Phone

Whether you are accepting payments in online, in person, or on the phone, we got you. Helcim can provide its nonprofit merchants with a virtual terminal that allows you to accept payment over the phone. Just type in the credit card information. Getting a Helcim terminal or, a cheaper option: a Helcim phone jack credit card swipe, allows you to accept payments on the go, and in-person.

Recurring Donations

Lastly, if your nonprofit has clients that give donations on a month-by-month basis continuously, we have a subscription management system that lets you bill donators monthly. This recurring manager allows you to organize and analyze how you are doing with collecting new monthly donators, or if donator’s credit cards may expire soon.

As you can see, there are many perks to being a non-profit Helcim merchant that most credit card processors can’t give you. We're proud here at Helcim to work with a number of non-profits across the country, most notably Unicef. While we've always had special discounted rates for charities, we decided to make these rates available to the public so that smaller non-profits can more easily find access to the information. If you are a non-profit and are looking to accept card payments, we are here to help.

Interchange Update for Canadian Non-Profits

Non-profit merchants in the United States have had access to discounted interchange rates for some time. Fortunately with the recent update to the Canadian Interchange, both Visa and MasterCard have decided to introduce a new special interchange rate categories for non-profits:

Card Brand

Card Type

Prior

April 2015

Visa

Swipe or Keyed Consumer

1.540 %

0.980 %

Visa

Swipe or Keyed Infinite

1.740 %

1.170 %

Visa

Swipe or Keyed Infinite Priviledge

2.250 %

1.950 %

Visa

Swipe or Keyed Corporate

1.900 %

1.800 %

MasterCard

Swipe or Keyed Consumer

1.590 %

1.000 %

MasterCard

Swipe or Keyed High-Spend

2.000 %

1.250 %

MasterCard

Swipe or Keyed Premium High-Spend

2.250 %

1.500 %

MasterCard

Swipe or Keyed Corporate

2.000 %

2.000 %

 

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