Smart Payment: Electronic Checks & Credit Cards
What are Electronic Checks?
- You might know them as Electronic Funds Transfers, or ACH Payments
- No paper check is required. You can
- Take a check by telephone
- Take a check by web
- Convert paper checks to electronic
- Offer Direct Deposit to campaign workers
- Many benefits, including:
- Increase donations: Reach more donors, including people who do not have credit cards
- Save money: Lower fees than on credit card payments. (On a $100 donation, credit card fee = ~$2.50; check fee = < 50 cents)
- Save time: Easy to manage paper checks
- Scan a pile of checks and submit to bank electronically
- Get more from your staff: Direct Deposit will save your staff time and the hassle of going to the bank.
Why isn't everyone doing this?
- ACH transactions increasing by 15% per year.
- Credit card fees get higher every year.
- Recent Check 21 Regulation allows banks to create images of checks and destroy original paper checks. More donors will get accustomed to not receiving their checks back from the bank.
- We believe that ultimately all campaigns will take electronic checks.
What about credit cards?
- Merchant accounts for political campaigns
- Competitive rates
- Quick approval process
- Visa, Mastercard, AMEX, Discover
- Virtual terminal and gateway for credit cards by web
- Terminals for live events (and lowest processing rates) to swipe cards
Why Smart Payment Solutions?
- Highly consultative approach to help our clients find the best payment solutions
- DC-area presence. We understand the needs of campaigns.
- Easy solutions. Your time is tight. Let us help you get running quickly!
