Political Campaign Fundraising Merchant Accounts and Payment Processing
Typical Problem
Purported industry specialists charge a high premium for their all-in-one solutions, and usually other resources are needed anyway.
Campaign Fundraising Concerns and how we solve them with the CenPOS gateway:
- Volunteers increase risks and costs. This creates potential liability for data security, but also a need for simple solution. Have you ever handed out donation cards at a fundraising event that requests credit card information to be written down? Identity theft is a major threat. Instead, use smart phones with the free CenPOS app and get cards swiped at the table or door, or add a card reader to any laptop. Micro manage user permissions and shut them down on demand. CenPOS prompts both the user and the donor for the appropriate actions. “Dummy proof” your payment collection to reduce costs and improve record keeping.
- Donor Management: An API (application interface) is available to exchange data with your donor management software. CenPOS supports recurring billing and can send the appropriate secure token to your software as well. CenPOS stores 7 years of data storage vs the typical 18 months of merchant services providers and gateways.
- Campaign Finance scrutiny and Fraud protection: CenPOS mitigates risk of fraudulent cards and also offers advanced protection to block certain payment types including anonymous and foreign issued cards. You’re in control of how tight you want to control donations.
Solution
We can’t change interchange rates, the bulk of your non-negotiable credit card processing fees, but we can improve your qualifying for lower rates with automated interchange optimization.
Tokenization eliminates the risks associated with storing credit card data for recurring donors, and our universal virtual terminal enables you to accept credit cards at every event via smartphone or laptop with a low cost card readers ($69-99).
Other vendor reports sound good until you want to look something up. We offer enhanced research capabilities for up to 7 years data, no coincidence matching IRS rules. Search fields include customer name, cashier, partial card number, date, amount, auth code, and more. Print or copy/paste/export any data lookups.