Non-Profit Organizations Pay Less Processing Fees

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Most non-profits don't realize that they can get lower payment processing rates by just being who they are.

VISA has special interchange rates for non-profits when it comes to Card-Not-Present (CNP) transactions. Card-Not-Present would include eCommerce (online), phone, fax or mail.

However, not all merchant account providers will give you these special rates unless you request them, so don't forget to ask. They'll probably require some form of verification that you are a 501(c) organization as well.

There are a few providers that specialize in nonprofits and charitable organizations, a couple of them being, Dharma Merchant Services and Merchant Focus. I've personally sent a few non-profits to Dharma and they're still happy with the service...and lower fees.

If you want to maximize your savings, then be sure to ask for interchange-plus pricing while you're at it.

It's little tips like these that add up to big savings in the long-run. Enjoy!