Using Gateway Recurring Billing for Donations

Many nonprofits offer their benefactors the option of weekly, monthly or yearly payments of support. If you are part of one of these nonprofit organizations, you probably know that entering and accepting these payments into your payment processing system can be time consuming and overwhelming sometimes. In order to stop this type of frustration when entering donation payments, you can get gateway recurring billing and stop the annoying data entry, which will free your time up for something that really counts: the goal of your nonprofit.

Features and benefits of setting up gateway recurring billing for your donators are many. Though it was already mentioned that it is a huge time saver for you it is also a huge time saver for those who are donating to your nonprofit. They will not need to be reminded that it is time for a payment and they will enjoy the convenience of having the payment taken of their credit card on a specific day each month. In addition to billing each month, your system will also be able to bill in other increments including weekly, quarterly, semi-annually or annually. In fact, you can even find systems that will take payment whenever you tell it to, even if it is not a traditional time frame. For instance, if you have a donator who wants to donate $500, you may take $300 the first week, and then take $100 in ten days, then the rest in 15 days. You will have total control of when you are accepting payments when using gateway recurring billing.

In addition to all of the convenience listed above, your donators will also be able to sign up to donate right on your website. They can even set their own terms on payment if you like. They will be able to view the history of their payments, set up new payments, raise or lower their donation or stop or start recurring payments. They can also print statements and receipts as needed. As the owner of the account and the administrator of the gateway recurring billing, you too will have access to all of that as well and can log in to make changes, should the donator need your assistance.

Benefits for you, as the nonprofit with gateway recurring billing include not only the recurring billing aspect itself, but also the added features of collective reporting, tons of different reports you may need and even monitoring trends. All of these things can be extremely important when running a nonprofit.

If you are ready to set up gateway recurring billing for your nonprofit and you already have some kind of credit card account, such as a third party, contact them in order to setup gateway recurring billing. If they do not offer it, or you have no credit card processing at this time, the internet is a great place to start looking. Many payment processors will offer discounts to nonprofits which can save you a bit of money as well. Though it will be an additional operating cost, you will very likely begin receiving many more donations!