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Offer An Automatic Donation Option
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Using Direct Debit Increases Donation Consistency |
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| Direct debit is Vanco's electronic funds transfer service used to automatically transfer funds from a donor's checking or savings account to your organization's account using the highly secure Automated Clearing House (ACH) network. More than 10,000 churches, schools and foundations of every size and type use our popular direct debit payment solution to automate the recurring donations and payments that are the lifeblood of every nonprofit organization. Direct debit works equally well for processing individual transactions including ticket sales, auctions and one-time gifts. |
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Benefits of Direct Debit |
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| Direct debit offers important benefits to both your organization and its donors. |
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Improves Donation Consistency |
| By using direct debit to automate religious offerings, tuition and fund raising, seasonal slumps are avoided, donations and payments are received exactly as scheduled and overall cash flow becomes more predictable. |
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Reduces Administrative Activity |
| Automating recurring transactions with direct debit eliminates the time spent manually processing checks and pursuing past-due commitments. Once a recurring transaction is entered and scheduled, it does not need to be re-entered again. |
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Frees Up Staff Time |
| Direct debit adds to your organization's productivity by reducing the staff time spent manually processing checks. |
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Notifies You of Returns Faster |
| Receiving notification of returns within two business days of the payment date allows you to address situations quickly. |
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Enhances Donor and Patron Loyalty |
| Donors appreciate this simple, reliable and cost-effective method to manage their giving and other financial commitments. For weekly contributors, direct debit is an especially welcome way to simplify a 52-time a year task. |
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Provides Security |
| Direct debit is more secure than checks, which can be misplaced, lost or even stolen at many points throughout the process. |
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Improves Accuracy |
| Direct debit eliminates the errors arising from illegible and incomplete checks or from posting errors. |
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Helps the Environment |
| Check use has declined dramatically in recent years in part because of the heightened awareness of the resources consumed in printing, processing and transporting checks. Direct debit is a paperless solution. |
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What's in a name? |
Direct Debit goes by many names, including EFT, ACH, Direct
Payment, automatic bill payment, automatic debit and electronic bill payment.
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Did you know? |
For churches and nonprofit organizations that rely on donations, fulfillment
rates for pledges made by EFT average 98%, which is 50% higher than with mail-based monthly donor
programs.
Source: National Automated Clearing House (NACHA)
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Fact |
Consumers who use direct debit are more likely to donate on a
regular basis.
Source: National Automated Clearing House (NACHA)
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Fact |
More than half of all U.S. households use direct debit for at
least one recurring payment.
Source: National Automated Clearing House (NACHA)
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How Direct Debit Works |
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Authorize |
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Donors authorize your organization to debit payments from their checking or savings accounts. This is typically done in writing using an authorization form. Another option is to utilize Vanco's Website Payment solution which allows donors to authorize a donation without using a paper form. |
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Enter the Transaction |
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After receiving a signed authorization form from your donor, the payment information needs to be entered into our system for processing. The easiest and most common way to enter payment information is through Vanco's online Service Center, a secure website designed for our clients to manage their electronic transactions. Once a payment is entered, the rest is automated. A friendly Vanco implementation specialist will help you get going and provide ongoing assistance. |
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Process |
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Prior to each scheduled donation or payment, Vanco transmits a file with payment information via the Automated Clearing House (ACH) network. |
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Deposit |
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A deposit is made to your organization's account for the total amount of the direct debit transactions. Recurring transactions with a fixed dollar amount will continue to process automatically as scheduled until cancelled or put on hold. |
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Confirm |
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Vanco generates a report confirming all deposits made to your account. Donors in turn see the transactions on their account statements from their financial institutions. |
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Seamless Website Integration |
Vanco's direct debit solution seamlessly integrates with our
website payment solution.
- No web design work on your part
- No ongoing maintenance required
- Quick setup (hours, not weeks)
- Free demo available upon request
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Get Started With Direct Debit |
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It's Easy To Get Started! |
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| Click here to request information or download a startup packet. |
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| You may also call 800-774-9355 and ask for a sales representative or send us an email at Sales@VancoServices.com |
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