Payment Gateway Partners
Online Transaction Processing
If your organization wants to do online donations, event registration, or other online financial transactions through our Fundraising Software Module, you'll want to understand the basics of how those transactions are processed.
It might seem intimidating at first, but don't worry. With The Databank it is a smooth, integrated, and secure process. We integrate with four Payment Gateways: IATS, Fast Charge, Authorize.net, and Vanco.
About Payment Gateways:
- Payment gateways are a third party you pay to authorize your credit card transactions.
- If you don't have a payment gateway, you have to authorize the transactions yourself by keying in the credit card number or phoning it in.
- Sometimes they collect the money for you and send you a check; others transmit the money to your merchant account.
- They may or may not take care of contacting donors when transactions are denied, e.g. bad credit card number or over the limit.
- Prices vary; see our chart for details. Some charge account setup and maintenance fees.
- IATS and Vanco are the only ones that do not require you to have a merchant account. They collect the money for you and make an electronic deposit to your account. They are usually a good option for orgs that anticipate a low volume of online giving.
- IATS has special application requirements for political campaigns. Please contact IATS for details.
See process when someone makes an online donation
See comparison chart of thedatabank's Payment Gateway Partners
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