May 1, 2012

A new player in the nonprofit donations space

FrontStream’s entry into nonprofit sector from JD Lasica on Vimeo.

FrontStream enables nonprofits to handle donations with several advantages

Target audience: Nonprofits, foundations, NGOs, social enterprises, cause organizations.

JD LasicaIlove the serendipity of who you bump into at the Nonprofit Technology Conference each year. At last month’s event, I sat down to lunch with my partner John Haydon and Leila Khoury, director of business development for FrontStream Payments.

If you haven’t heard of FrontStream, they’re a newcomer to the nonprofit space, although they have a long and solid record with businesses and the education marketplace.

With FrontStream, nonprofits can build a donation capability into your website with your own branding — and at a remarkably low cost of just 2.99% of the amount when donors use most credit cards (3.5% for American Express). Customized branding is included at no additional cost. You can create a special campaign widget using FrontStream, or have someone set up a booth at one of your events to accept donations on the spot using a swipe terminal or wireless device.

One the benefits of FrontStream for nonprofits over other alternatives is that you can collect donations directly on your own website instead of being sent off to a third-party site like Fundly, Rally, Authorized.net, PayPal or Google Checkout. And, unlike donation aggregator Network for Good, which holds your funds for 30 to 60 days, your nonprofit will receive the donations immediately.

“We want to be the donation processor anywhere and any time,” Leila says.

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