A nonprofit organization is an institution that conduct their affairs for the purpose of assisting other individuals, groups or a particular social cause rather than garnering profits for themselves. The revenue of nonprofit organizations are based on the goodwill and charity of others. Nonprofit organizations typically depends on alternative sources of money and is focused on raising money through a variety of methods such as individual donations, fees for goods or services, goods, corporate contributions, grants from government or foundation, interest from investments, fundraising or loans. It then donates the money it receives to help fund the organization’s objectives and goals.
Anyone who runs a non-profit organization knows that it is vital to cut costs at every opportunity as funds and resources are limited. In our increasingly cashless society, many people prefer to pay through a credit or debit card. Donations are increasingly being made through online payment portals. Besides taking payments, many non-profit organizations usually require flexible solutions that also allow them to collect information about donors and sponsors for future fundraising drives. Some donors also prefer to set up auto recurring payments. Therefore the payment processing of a non-profit can be unique and complex. Payment processing relating to nonprofits, describes the handling of donors’ financial information whenever they make an online donation transaction, whether it is submitting a donation, buying merchandise, paying a membership fee, or registering for an event. Point of Sale or POS system helps to manage the transaction between the buyer and the seller. POS system features various combinations of software, hardware and services to keep track of stock, prices, taxes, sales, date, time, payments and discounts. POS software can run on a variety of computer hardware, from standard desktop systems and laptops to mobile devices such as Android phones and tablets, iPhones, and iPads. This make it a viable and affordable choice for small businesses, nonprofits, and charities.
Whether you are with a small charity or large foundation, you know how important it is to have a smart POS System. One of the best pos for nonprofits is the Clover 2.0 Pos System. This system is a powerful software which accepts credit card donation and track transaction, from recording donation collections to producing detailed reports. Its design is innovative and sleek. Unlike its predecessor, the new Clover Station 2.0 accepts EMV cards and this offers customers a peace of mind that payments are being handled with utmost security.
The software has received a much-needed redesign to address these shortcomings and today there are more dynamic options available and features visual displays that are easier to manage and considerably more streamlined. What are the other features of the Clover 2.0? You have a large screen, faster payment processing, customer-facing printer display, fingerprint scanning, sophisticated inventory tracking and time sheet management tools.
Make an even stronger impression on donors by giving them the option to donate in a way that suits their needs.A good POS system like Clover from Merchant Account Solutions will make transaction-related tasks easy, allowing you to focus on the bigger picture of managing your nonprofit’s retail presence and interacting with customers. Fundraising should always be this smooth.