Author Topic: Ways for tzedakas to accept credit card donations  (Read 1006 times)

Offline skyguy918

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Ways for tzedakas to accept credit card donations
« on: October 09, 2011, 08:37:44 PM »
Any suggestions of ways for tzedaka organizations to accept credit card donations with no costs or fees? Would something like Amazon Payments work for this?

Thanks

Offline bubbles

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Re: Ways for tzedakas to accept credit card donations
« Reply #1 on: October 09, 2011, 08:40:03 PM »
Any suggestions of ways for tzedaka organizations to accept credit card donations with no costs or fees? Would something like Amazon Payments work for this?

Thanks

AP would only work for $1000 per month

Offline zale

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Re: Ways for tzedakas to accept credit card donations
« Reply #2 on: October 09, 2011, 10:46:52 PM »
Any suggestions of ways for tzedaka organizations to accept credit card donations with no costs or fees? Would something like Amazon Payments work for this?

Thanks

How can this be possible? When you process your credit card, the issuing bank needs to lay out that money for you. Which bank would loan money for free? In addition, there are other fees to consider, such as the processing fee, which is collected by the processing company (Visa, MC, Amex, Disc)

Amazon probably absorbs the loss of the first 1k/month in the hopes that they will attract a large amount of customers. Aside from that, I don't know of any bank that gives out free loans - even to a non-profit.

Offline Dan

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Re: Ways for tzedakas to accept credit card donations
« Reply #3 on: October 10, 2011, 01:38:53 AM »
Aside from that, I don't know of any bank that gives out free loans - even to a non-profit.
Google does for some.
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Offline AsherO

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Re: Ways for tzedakas to accept credit card donations
« Reply #4 on: October 10, 2011, 01:50:52 AM »
Google does for some.

Only if you're a Google Grants recipient and only until 2012. Besides, your donors would have to use GoogleCheckout FWIU.
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