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More complex solutions go as high as $15K for mid-sized and large charitable organizations. When it comes to SaaS (Software as a Service) for a charity, you can find other options that cover the basics for next to nothing. Not Feature-Complete: Square’s nonprofit tools include a lot for a very low price, but it’s certainly not all-encompassing.Prohibited Goods & Services: One of the most important ways to avoid issues is to accurately disclose your business type and ensure that you don’t sell anything on Square’s prohibited goods and services list, which would throw you into the high-risk merchant category.
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That’s why we encourage all of our readers to learn how to reduce their risk of termination or funding freezes. However, no matter what processor you go with, you’re going to have this risk. Account Stability: While representing a very small fraction of all of Square’s accounts, the largest category of complaints against Square involves account freezes and terminations.No Nonprofit Discount: If there’s one big drawback to using Square as a nonprofit, it’s that Square doesn’t offer lower processing rates to 501(c)(3) organizations.Using Square for nonprofit donations offers a plethora of benefits, but it’s not without some potential hiccups. The Limitations Of Using Square For Nonprofits Feature Heavy: Square offers a lot of tools to its customers, aiming to be a one-stop shop for businesses with modest needs.
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You can get your account up and running, create a Square donate button, sell merchandise with a buy button, and even launch an entire fundraising website, all on the same day.
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