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Electronic pledge payments

by Joanne
(Chicago)

We have a number of members using the electronic payment system.

As treasurer, I feel that people should set up their own payments, I am not comfortable with the church office having bank account information and they have more than enough to do.

The pledgers need to renew their information every year. I feel that this is a good practice but some people think that their pledge amount will be changed automatically.

I am wondering how other treasurers/church accountants feel about this. Thank you.

Comments for Electronic pledge payments

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Jan 24, 2019
 Electronic payment
by: Anonymous

Taking electronic payments is a big hassle for small churches. If you give by cash or check, then it's likely 100% of that is being used by the church.

But if you give electronically or by credit card, it's likely 2%-6% is going to a bank or other company managing the transaction.

Here, if you use the same bank as the church, there is a way to do it free of charge, which is what I do. But things get dicey real quick if you don't.

I've setup a paypal account for our church to do this. No one has tried it yet, because frankly, its too complicated. Also, once I explain that 2% goes to paypal, they would rather just give by check.

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Join in and write your own page! It's easy to do. How? Simply click here to return to Accounting.

If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.

Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)



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