Credit Card Processing 101
Original Event Date: Sep 7, 2017
Running Time: 46:57 minutes
Presenter: Erik Verryden, National Processing Solutions
Donations are the lifeblood of ALL nonprofits! Giving your donors easy options to donate is key to your nonprofit's success. By making it easier that usually means you need to accept all forms of payment such as credit and debit cards. Accepting donations via debit or credit card also means you will have cost associated. By allowing your donors to use credit and debit cards, means you will pay a fee to accept such a form of payment. This is where the maze begins for those of you that attempt to understand what you are really being charged or if you are paying too much to your provider.
This is perhaps one of the most confusing parts of successfully running your nonprofit. If you’ve ever spent any time trying to read a merchant statement, chances are you didn’t experience any particular revelations of clarity.
The focus of this webinar will be on:
- The different parties that are involved in every transaction
- The reasons behind each parties fee
- The typical fee amount you can expect each party to charge
- The two basic types of pricing structures your processor has to choose from
- Semi Annual increases passed down to your nonprofit
- What to look out for on your merchant billing statement
(Necessary vs. Unnecessary + What is too much?)
- Compliance issues
Cost: Free to Attend
The Presenter: Erik Verryden, Founder/CEO, National Processing Solutions (NPS)
Erik Verryden started in the merchant services industry in the year 2000 fresh out of college. He quickly learned that this was a very important industry, but it had many shortfalls, especially in the service, support, and ethics department.
He founded National Processing Solutions (NPS) in 2003 with the mission to help change this trend.
Since then, he has helped grow NPS into an industry leader in payments as well as a powerful vehicle to drive automatic, recurring donations back to nonprofit organizations.