Learn how much you can save after implementing a cash discount program for non-profits. Non-profit surcharge programs vary by state.
* Estimated Savings Per Month Based on a 3.5% Average Credit Card Processing Rate.
An Introduction to Nonprofit Cash Discount Programs & Surcharge Programs
Nonprofit cash discount programs and surcharge programs are increasingly being adopted by charitable organizations. Many nonprofits overlook their merchant statements, which can be a costly oversight. Getting charged fees simply attacks the bottomline. The sector is known to sneak in hidden fees, including credit card processing fees, PCI compliance fees, gateway fees, terminal fees, software fees, annual fees, and more. Imagine a scenario where these fees didn’t exist. That’s the vision behind the program we’ve developed at EliminateCardFees.com.
The financial benefits for nonprofits can be substantial. Larger organizations often see significant savings, but even smaller nonprofits can feel a profound impact, particularly if you’re burdened with high credit card processing fees. By eliminating these fees, nonprofits can redirect funds towards their mission, using the money to make good on the organization’s mission or even for outreach, education, or even expanding their staff.
Non profits aren’t exempt from economic factors. For instance, like for profit businesses you are likely battling issues such as reduced supporters during these turbulent times.
It’s not unusual for nonprofits to face processing fees of 3.5% or more. Simply eliminating these fees can be a game-changer. By implementing a surcharge on credit card transactions, nonprofits can offset these expenses while still offering supporters the option to pay by debit card or cash to avoid a non-cash rate adjustment. This concept of cash discount programs and surcharge programs for nonprofits is not new and has been utilized effectively for some time.
Nonprofit cash discount programs and surcharge programs are increasingly being adopted by charitable organizations. Many nonprofits overlook their merchant statements, which can be a costly oversight. The sector is rife with both overt and hidden fees, including credit card processing fees, PCI compliance fees, gateway fees, terminal fees, software fees, annual fees, and more. Imagine a scenario where these fees didn’t exist. That’s the vision behind the program we’ve developed at EliminateCardFees.com.
The financial benefits for nonprofits can be substantial. Larger organizations often see significant savings, but even smaller nonprofits can feel a profound impact, particularly if they’re burdened with high credit card processing fees. By eliminating these fees, nonprofits can redirect funds towards their mission, whether it’s for outreach, education, or even expanding their staff.
The significance of these savings is critical, especially considering the effects of inflation on many organizations. Like many others, nonprofits have seen both the cost of goods and labor rise sharply. A recent report from the Bureau of Labor Statistics indicates a 4.5% increase in labor costs.
It’s not unusual for nonprofits to face processing fees of 3.5% or more. Simply eliminating these fees can be a game-changer, allowing organizations to manage increased labor and operational costs without raising prices. By implementing a surcharge on credit card transactions, nonprofits can offset these expenses while still offering supporters the option to pay by debit card or cash to avoid a non-cash rate adjustment. This concept of cash discount programs and surcharge programs for nonprofits is not new and has been utilized effectively for some time.
them
Processing Fees?
Setup Fees?
3.5%+ Processing Fees
Termination Fees?
$195 to $1,495+
Hidden Month Fees?
$295 Termination Fee
PCI compliance fees?
Very Common
Setup Total:
$0.00
$195 to $1,995 Setup
Monthly Fees:
$0.00
$1,000 to $10,000+
The advantages of a nonprofit surcharge program from EliminateCardFees.com are numerous. Unlike other services that merely reduce credit card fees, our program eliminates them entirely. You’ll never need to go searching for a new processing solution because everything else will be a net increase.
This is a key benefit, as most processing reps will offer to only reduce fees by a few basis points. The real savings come when you eliminate them entirely. If you haven’t already, check out the calculator above to see how much your nonprofit could save.
Another significant benefit is the elimination of all other fees. Nonprofits are often subject to a variety of unpredictable fees, including early termination fees, monthly fees, terminal fees, internet fees, batch fees, statement fees, and more.
Continuing with the benefits, our program doesn’t lock you into an expensive contract either like the competition typically does. You’re free to leave the program at any time if it doesn’t meet your needs.
The technology that comes with our program is state of the art. With Google Pay, Apply Pay, & tap to pay, you’ll have all the modern features you need. Our technology can even help you grow donations from your supporters! This is done with innovative text marketing, cross marketing, happy birthday & anniversary wishes, and more!
Let’s use a $100 example.
So in this example – if a supporter decided to donate with cash you would have two options. If you opted for the cash discount program, you could reward them by offering a 4% discount for a total of $96.00. This is because if you took a credit card at a $100.00 transaction, after your current fees, you would net $96.00 so you are passing that savings to your customer. Your terminal would do all the calculations for you. If you opted for a surcharge program, there would be no cash discount. Surcharge programs for animal hospitals are available in most states. Contact us for details.
If your supporter chooses to pay with a credit card with either a cash discount or a surcharge program, a 4.0% non-cash rate adjustment would be added to the $100. This would make the total $104.00. This amount would cover the processing fees that are currently being deducted from your bank account.
So say goodbye to enriching the large processing companies and you’ll net the same as if you took cash. Remember, your client has the choice to avoid the rate adjustment by paying with cash. Many times, clients just pay with their credit cards to stack airline miles or other benefits from their exotic credit card reward programs.
Give us a call at 877.624.8043 or fill out the form and a representative will reach out to you to answer any questions and send you the application to begin.
There are no setup fees. After approval, you will receive a free terminal that automates the cash discount program. There is no money out of pocket.
Our team will analyze your historical rates to identify a discount rate that is applicable to you. Typical rates are 3-4%.
To maintain compliance, you will have to post the signage. This is also great as it shows customers that you offer a cash discount!
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