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.