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When looking for a credit card processor, assess your business needs upfront: decide on your non-negotiables and must-haves, then work from there and look for providers that offer features that match your needs and goals. Of course, take pricing and credit card processing rates into consideration! One that provides invoicing features?
The ability to accept non-cash donations is crucial. The Federal Reserve Bank of San Francisco found in its 2021 Findings from the Diary of Consumer Payment Choice that cash use accounted for 19 percent of all payments. A merchant account is an account that you open with a bank to accept credit card payments.
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