Non-profits seeking an easy and efficient way to collect donations might want to consider setting up electronic or online options. The Internet is already used for everything from shopping and paying bills to communicating with loved ones, so why not use this great online tool for collecting electronic donations too, to save everyone time and money. Here are some of the many reasons why CEOs may want to consider accepting donations electronically at their non-profits.
1.) Receive Money Faster
Online giving is important because the funds become available more quickly than when checks need to be processed or people pledge donations. Sometimes pledges remain outstanding because they are forgotten about or because the donor just doesn’t take the time to mail in the check or visit the non-profit’s office. This is why online giving makes it easier for the donor to transfer money to the organization. This increases the organization’s cash flow, which helps to fulfill end-of-year projections and goals, and makes it easier for the non-profit to transfer money to its different accounts.
To read the original article: For the Non-Profit CEO: Start Accepting Donations Electronically : Under30CEO
