Wallace SC&W
Giving Methods
With the move from a society based on cash or checks to one that more and more heavily relies on credit & debit
cards or electronic withdrawals from bank accounts to disperse payments the church is challenged to expand the
methods it uses to accept donations. Below are a few of the companies and present charges for these services.
The presence or absence of a company on this list in no way communicates a valuing or recommendation of their
services. Prospective customers need to pursue due diligence in following up and confirming this information.
Some questions to pursue with vendors include: do they differentiate between qualified and non-qualified
credit card transactions? If so what are the different rates and criterion used? Do they maintain credit/debit card
or account numbers? If so how are they secured?
Vanco Services (800-744-9355 or https://www.vancoservices.com/secure/vanco_login.htm )
(Vanco said they are the recommended service by the Lutheran, UCC and Methodist Churches)
Vanco does not require long term contracts.
Donations from Checking or Savings Accounts:
What is EFT? Ideal for recurring donations, Electronic Funds Transfer (a.k.a. EFT, Electronic
Giving, or Automatic Donation) is a secure electronic transfer of an authorized donation from
your donor's checking or savings account into your organization's bank account.
How does EFT work? After you collect your donors' signed authorization forms, simply make a one-time
entry of their information via Vanco's Online Service Center and the rest is completely
automated. Vanco's Implementation representatives will provide ongoing assistance. If you don't have access
to the Internet, their staff will do the data entry for you for an additional $1 fee.
EFT Fees
• One-time authorization fee (per donor) $ 0.50 or $1.50 if entered by Vanco Services
(changes to banking information: $0.50 or $1.50 if entered by Vanco Services)
• Transaction fee $ 0.25
• Application/setup fee None
• Monthly maintenance fee None
Donations from Credit Cards:
Do I need a swipe machine in order to accept credit cards? With Vanco's e.service®
Merchant Services, you can accept recurring and one-time credit card donations without
any equipment or software. And because recurring donations are automated, you will free up staff time
spent manually keying in credit card information.
How does e.service® Merchant Services work? After you collect your donors' signed authorization
forms, simply make a one-time entry of their information via Vanco's Online Service Center and the rest
is completely automated. Vanco's Implementation representatives will provide ongoing assistance.
Merchant Services Fees
• One-time setup fee $ 25.00
• One-time authorization fee (per donor) $ 0.50 or $1.50 if entered by Vanco Services
• Transaction fee $ 0.45 • Monthly statement fee None
• Discount rates:
Visa, MasterCard, Diners Club and Discover 2.75%
American Express 3.50%
Reports: No Charge via service center ($5/month sent via fax)
Chargebacks: $25 per transaction
Virtual Terminal (optional) $7.50/month
Donations via your Web site:
This solution offers a secure and easy way for donors to make recurring and one-time donations
via your Web site. Service Includes:
• Vanco’s secure web donation pages that match the look of your organization’s website,
• Hosting of the secure web donation pages, and
• Processing of all web-initiated donations based on which of the following solutions your
Organization utilizes:
e.service® Electronic Funds Transfer – Donations transferred via checking and
savings accounts
e.service® Merchant Services – Donations transferred via credit and/or debit cards
Service Requires: Existing website with link to Vanco's secure Web donation pages.
At least one processing solution from Vanco Services.
Fees:
• Setup Fee No Charge
• Monthly Web Hosting Fee $ 25.00 (in addition to hosting fee for the rest of your
Web site)
Churchgiving (www.churchgiving.com) or Parishpay (866-727-4741 or
https://www.parishpay.com/homepage.asp )
30 day cancellation (no long term contract)
Credit Cards:
Credit Card Rates: 2.5% Vs, MC, DS, AE
The donor is credited with the entire amount of the donation, the fee is charged to the church
Fees: $1 and 1% per transaction
No Insufficient Fund charge (just $1 typical transaction fee)
No minimum number of participant to set up
No Set up Fees
Automatic Withdrawal:
Automatic Transfers are made once per month on the 5th or a one time donation
Can divide donations among several funds (capital, budget, mission, etc.)
Donor can change donation up until the 3rd day of each month
Reports can be exported to an excel format
Fee: $1 and 1% per transaction
No other fees for insufficient funds except $1 transaction fee)
Pay Pal (www.paypal.com )
Credit Card Rates:
No monthly fee
No Set up fee
No gateway fee
Rate set based on Monthly/Donations:
$0-$3,000 2.9% + .30¢ ($3.20 on $100 donation)
$3,001-$10,000 2.5% + .30¢ ($2.80 on $100 donation)
$10,001-$100,000 2.2% + .30¢
Virtual Terminal Fee:
$0-$3,000 3.1% + .30¢
$3,001-$10,000 2.7% + .30¢
$10,001-$100,000 2.4% + .30¢
CyberSource (http://www.cybersource.com )
Key Features
Exceptional real-time processing speed
Consumer cards (level I), corporate cards (level II) and procurement cards (level III)
Multiple card brands: Visa, MasterCard, American Express, Diners, JCB, and country-specific bank cards
such as Diners, Maestro, Solo, etc.
Private label cards, Check cards with Visa or MasterCard logo
ATM/Debit cards (PIN-less debit)
Multiple bank and processor connections, worldwide
Unparalleled processing scalability and security
Service reliability backed by 24/7 operations support
Support for additional fraud features through American Express
Supports subscription and installment payments via CyberSource Recurring Billing Service
Cost
$150 set up fee and then $19.95/month + 10¢ per transaction to Cybersource
2.12% + 20¢/transaction for credit card company
If a credit card machine is needed: $375 to purchase or $28/month to rent with 6 month minimum
Checkfree and Fiserve (http://www.checkfree.com )
Provide automatic withdrawal from banks
$500 implementation fee and a per transaction cost of $0.05.
(Note: You will be charged a minimum of $50 per month)
What business benefits do I achieve using this solution?
- Real-time notifications on your browser to alert you when ACH payments are deposited into your bank account
- Facilitates importing of remittance data into your accounts receivable system for reconciliation in four different file
- formats: CSV, Tab Delimited, XML, Excel.
- Quicker reconciliation of ACH bank deposits with your accounts receivable system.
- Enables you to reverse payments back to CheckFree using electronic net settlement.
- Allows you to better manage your payments through on-line, advanced search and reporting capabilities.
- Enables you to delegate payment functions to other individuals through online user account set-up and management functions.
KIOSKS
(A Kiosk Unit is placed in the church from which transactions
are performed. It also allows online giving through its website)
Securegive (http://securegive.com or 706-228-3210)
The Secure Give system is built around a giving kiosk that features a touch screen monitor, a magnetic stripe reader,
a receipt printer, a secure encrypted PIN pad, and an enclosure. When the donor steps up to the giving kiosk, he
or she will be led through a simple menu that will enable the contributor to donate to your ministry or your non-profit
organization. The first step in the Secure Give System provides the donor with the opportunity to donate anonymously
to the organization or to give a tax-deductible contribution. To receive tax credit, the contributor must fill out an
address form with a virtual keyboard. Once completed the contributor can designate his contributions to one of four
categories: tithe, general offering, building fund or missions. These categories can be customized to meet your
organization's's needs. When the transaction is completed a receipt containing a thank you note is dispensed.
This system is built to operate through a browser running Microsoft Windows XP. Each location must have a
broadband connection to the Internet. Electronic giving not only requires hardware and software, but a company
to process the actual transaction. Secure Give will setup each church or nonprofit organization with a merchant account.
Software License and Support Monthly Fees
Churches – (based on average attendance)
Under 500 $25/unit
501-1000 $50/unit
1001-2500 $70/unit
2501-5000 $90/unit
5001-10,000 $110/unit
10,001-20,000 $130/unit
20,001 + $150/unit
Online Donation $25/site
Debit Only Accounts $50/account
SecureGive Initial Fees
Software Setup Fee $300
Pin Pad
Hardware Installation (price is for 1 unit, each additional unit is $100)
$175
$250
Kiosks Hardware
Mercury Counter Top Unit $2895
SecureGive Stand Alone Kiosk – no graphic $4995
SecureGive Stand Alone Kiosk – full graphic $5495
All units include touch screen, msr swipe and receipt printer.
Options
Stock Graphic $300
Custom Graphic $500
Wireless Card $150
Handles and Wheels add on $200
Merchant/Bank Fees
Pin Debit Card Transaction Fees $0.85
Credit Card Transaction Fees $0.25
Credit Cards –
Check Card Rate (Non pin debit) 1.79%
Qualified Rate 1.99%
Mid-Qualified Rate (i.e. Rewards and Business cards) 2.69%
Non-Qualified Rate (i.e. Corporate Cards) 3.31%
Online/Internet Rate 2.35%
Batch Fee (This fee is incurred only if there is a transaction.) $0.20/day
Monthly Statement Fee $10.00
· Additional charges for stock photography may apply.
· Customer is responsible for Shipping & Handling.
(Prices January1, 2008 Prices are subject to change without notice.)
If your organization needs additional information, please contact: info@securegive.com
Churchlink (http://churchlink.biz or 417-866-9898)
Note: This is a new company just trying to get its feet under it
Notable Features:
Recurring Donations: Users can set up recurring donations, which automatically transfers a specified
amount of money to your church from their specified account, whether it be a debit or credit card, or a
bank account EFT.
Donation Designation: Users can specify what they want their donation to be used for and segment it.
Admin Toolbar: gives great flexibility for the administration to customize the major elements of the system
to fit their needs at any point in time.
Costs: (as of April 16, 2008)
Onsite Initial Costs: Kiosk (19" Touchscreen, Thermal printer, Card swiper, Encrypted pin-pad
Dell Small Form Factor PC) Purchase: $4,495 per unit
Lease: $199/mo/unit (on 3-year agreement)
(Full Color Vinyl Wrap (optional) + $150, Vinyl Wrap Design
if needed): $99/hour)
Online Initial Costs: Setup: $99.00
Onsite Monthly Costs:
Per Church, includes: Secure Hosting / SSL Certificate, Processing Gateway,
Merchant Account, Phone / Email Support, Software Licensing
& Upgrades, Includes per kiosk monthly cost for one kiosk
Cost: $49.95/mo
Per Additional Kiosk (Phone / Email Support, Software Licensing / Upgrades)
Cost: $22.95/mo
Online Monthly Costs: (Secure Hosting / SSL Certificate, Processing Gateway, Merchant
Account, Phone / Email Support, Software Licensing / Upgrades)
Cost: $49.95/mo without Onsite solution
$24.95/mo with Onsite solution
Transactions Costs: Per trans. % Per trans. fee
Debit 1.04% $.2825
Qualified Credit 1.64% $.2325
Mid-Qualified Credit 1.95% $.2325
Non-Qualified Credit 2.70% $.2325
ACH/Electr. Checks 0% $.18
Online Processing Rates: Per Trans. % Per Trans. Fee
Debit 1.62% $.2575
Credit all online credit rates are $.2325
.23% higher than onsite
ACH/El Check 0% $.18
Transaction rates are tied directly to ChurchLink supplier rates, so as their price structures change and as our negotiation
leverage improves, prices occasionally fluctuate.
4.24.08
