In a credit card transaction, both the cardholder and the credit card issuer have the right to question or dispute a transaction. When such disputes go unresolved, merchant account holders may be subject to a Chargeback, which can hurt your bottom line as a business.
There are a few standard electronic billing and invoicing software programs that everyone has heard of — the ones that the average entrepreneur might be tempted to toss into his or her shopping cart (real or virtual) when making the initial purchases needed to set up a business.
Although accepting donations via credit card can result in a significant boost to donation receipts for nonprofit organizations, many nonprofits are hesitant to make the technological jump required to accommodate their donors' convenience. The reasons for this reluctance are as numerous as the nonprofit organizations themselves, but a few explanations tend to surface over and over again.
The ability to accept donations by credit card can be a major asset to nonprofit organizations. Not only does nonprofit credit card processing offer donors the ability to contribute in a way that may be most convenient to them, but people tend to give more when they use their credit cards compared to other donation methods. There are numerous options available for nonprofits that want to accept credit card donations, and it's not always obvious which solution is right for a given organization's needs.