Find an acquirer and become a Visa-accepting merchant.
Visa and our third-party partners can help you navigate the process, find an acquirer, and make the most of your status as a Visa-accepting organisation. For example, we can connect you to vendors that provide software platforms that will allow you to accept online donations securely and seamlessly.
Accepting electronic payments may help your bottom line. More people, especially Gen Yers, have a strong preference to pay with cards, and they’ll be more likely to support your cause if you accept Visa. Plus, donors who use rewards cards can actually earn points for themselves while contributing to your cause. That can help you reach your fundraising goals sooner.
Unlike postal contributions or verbal pledges promised by phone, donations made with Visa are immediate and there’s no risk of bad cheques. Your non-profit can also potentially rein in costs that come from having staff spend time opening envelopes, sorting cheques and processing donations manually. A 2012 study found that 69% of US businesses surveyed that accept payment cards saw improvement in some area of their cash management process1.
Another advantage offered by Visa acceptance is the ability to set up recurring donations, which can improve retention and provide a more predictable, reliable fundraising stream. Your acquiring bank can enrol you in Visa Account Updater (VAU), a service that enables the secure electronic exchange of updated account information automatically when a donor’s card information changes.
1 Source: 2012 Visa Small Business Cash Management Survey
Donors value the convenience and security of using the Visa cards they already trust. Research has found that 36% of consumers prefer to use bankcards for charitable donations2 because it’s easy, safe and provides good record-keeping for tax purposes.
2 Source: Visa Charity Donations Quantitative Research, March 2010
Our ongoing commitment to safe, reliable transactions is just one way Visa supports non-profits’ goals to attract more donations. Visa also innovates around new products and technologies to broaden available payment options. These include initiatives around mobile payments; Visa Checkout, our digital payment service; and chip cards for extra security. As the payment landscape evolves, you can count on Visa to give your organisation new and better ways of connecting with donors.
