A recent study has shown that over 90% of all church donations come from cash and checks in the offering plate and 43% of people go a week at a time without using cash. This could indicate a missed opportunity. Have you ever wondered how many people attending your Sunday service or church event want to give, but can’t? Not because they can’t afford to, but because they don’t have cash or a check on them.
According to CNN Money, 43% of American adults go a week at a time without using cash at all. Instead, they depend on debit and credit cards.
If you want to modernize your giving options and increase your donations, you should have a credit/debit card donation alternative that people can easily access.
According to one estimate, organizations lose up to 80% of consumer impulse transactions if they don’t accept credit cards.
When you have a special speaker or are supporting a missionary family, it is critical to provide a simple way for your congregation to donate on the spot. When they walk out your doors, their desire to donate is often forgotten.
Accepting debit and credit card donations is important, but what is the best way to do that? Obviously, having a credit card terminal in the foyer or resource center is not practical.
133.7 million people in the U.S. own smartphones.comScore Reports February, 2013
Less than 3% of all donations are received that way. Traditional online donations are great, but they miss the mark in terms of simplicity, convenience and impulse. Then what is the solution? There’s a good chance it’s in your pocket or on your desk right now…your smartphone!
What do these stats mean for your church? A massive segment of people are being overlooked when it comes to giving: potential mobile donors. You can solve the problem by literally turning every smartphone into a mobile donation credit card terminal!
Utilize a platform that makes it easy for your supporter’s to donate with their smartphone and debit or credit card of their choice.
Avoid paying monthly and any type of set-up fees.
Be cautious of sites that claim “We only charge X% plus credit card fees.
As good as it sounds, “PLUS CREDIT CARD FEES” can be expensive. To process any Visa, MasterCard, American Express or Discover card, these card companies set their own rates per transaction (known in the industry as interchange). After the card companies set their rates, processors build their fees on top plus fees they don’t want you to know about.
To avoid these hidden fees, take advantage of a mobile donation platform that has a flat rate for every donation. This can save you the headache of trying to figure out what transaction rate you are actually paying and most importantly it can save you money.
With location services built into most smartphones, this technology can be a great opportunity to collect donations at your events in different locations.
Using location-based donation services, your church can provide a giving option to people at your live events who might not have extra cash, but do have a smartphone and a debit or credit card. In addition, you can use one platform for all of your events throughout the year.
At Modern Giver, we believe that giving financially should be simple and convenient. Churches should offer options that today’s tech- savvy consumers expect. That is why we built our platform.
As the premiere mobile fundraising tool for churches, schools and other non-profits, Modern Giver provides the ability to utilize location-based mobile donation options for live events.
With Modern Giver, anyone with a smartphone can donate to your church in real-time using the credit or debit card of their choice. It is fast and easy for people to give – and doesn’t cost a dime to join! Unlike other credit card processing options, there are no monthly, hidden or confusing fees. We only charge a simple flat fee for every transaction. It’s that easy.
Our goal is to offer churches a simple giving solution with cutting-edge technology, while being streamlined and transparent. Sure, we need to charge fees to stay in business, but we are committed to running our company by the Golden Rule.