Any business that regularly sends bills or invoices to its clients has learned that paper bills cost far more than the price of a stamp. The hidden costs of paper billing rack up quickly, and after the bill is paid, all that paper often winds up in the trash. By switching to electronic billing, you can make your billing and invoicing process greener — both environmentally and financially.
In the 1950s, retail shopping meant going to specialized stores. You went to the shoe store for shoes, the bakery for bread, the hardware store for nails and tools, and the jewelers for that special holiday gift. By the 1970s, shoppers moved to the malls, where you could find multiple stores under one roof. Later, it was the big box retailers, like Wal-Mart and Target, that attracted family shoppers and offered everything you needed in one store.
For most non-profits, making the donation process as convenient as possible is vital to meeting revenue goals. Text-to-donate, online giving, and mobile credit card processing are the new tools of non-profit fundraising.
When you sign up for a credit card processing account, most providers will emphasize that their service is simple and easy. A month later when you get your first statement, it may as well be in a foreign language given how difficult it is to decipher. You might find fees labeled with mysterious acronyms and/or rates that appear to be different from the ones quoted by the sales rep that processed your account sign-up. Understanding credit card processing rates is a good step toward improving your bottom line