Non-Profit Organization

Non-Profit Organisation Merchant Account

A merchant account for non profits gives your business the ability to receive card transactions online or through an in-store terminal. The account grants permission to the nonprofit organization to accept and process payments from vendors, suppliers, and donors.

Pros and Cons of NPOM Account

Pros :

• Nonprofit’s name appears on donor’s credit card statements
• Excellent branding opportunities
• Funds flow quickly into nonprofit’s account

Cons :

• Complicated fee structures
• Wide variance of cost across processors
• Longer time to set up and more legal hoops to jump through