But like a credit card, these cards can be used to make payments securely anywhere in the world. Like a debit card, these cards connect to a user’s bank account to make real-time payments. No personally identifiable information is shared when sending or receiving money, making the transaction secure. Money transfer tools such as Cash App™, PayPal™, Venmo™, and Zelle™ give customers a secure way to pay with the click of a button. Here are some of the top digital payment tools SMBs plan to use and how each one can help to safeguard business payments. How popular digital payment methods make businesses more secure Research from Cybersource 1shows that 28% of merchants are choosing to use a variety of digital payment options specifically to lower their risk of payment fraud. Digital payment tools can help protect customer and company data by offering consistent and comprehensive safeguards. It's also critical to make payments safe. "Using a variety of digital payment tools can also lower business costs and automate payment data tracking, which saves time and contributes to informed business decision-making." "Customers today want a number of easy ways to pay, and successful SMBs are meeting that need with digital tools", says Kate Conroy, Senior Vice President, Enterprise Payments Strategy & Innovation at Citizens. The positive impact is clear in the data: Resilient companies are expecting 68% growth in the coming year. Resilient businesses in the survey offer 25% more digital payment tools than less resilient companies. Specifically, resilient companies are turning to digital payment tools in greater numbers. More than one-third of all small and midsized businesses (SMBs) in a recent survey from Citizens say that expanding the number of customer payment methods they accept is a current priority. Companies are recognizing that it's a competitive advantage to offer a variety of payment options. To gain insight, you can query and report on these transactions with the Payment Services field.įor more information, see Blackbaud Checkout.It's a good business practice to make payments easy since both business and consumer buyers are accustomed to making purchases the way they want. Under Vendor, PayPal is automatically selected. On the New Gift/Pledge screen, under Gift Types, select Payment Service. When you enter information for single gift made with PayPal or Venmo, you can mark the gift as a PayPal transaction. Users will now be able to select to pay with their PayPal or Venmo account. After donors select Process Order during checkout, Blackbaud Checkout takes them to securely finalize payment details. The eStore module allows you to directly manage the content of your eStore pages from eTapestry so you can sell items on your website directly to your constituents and integrate the payment information with your database. PayPal or Venmo are now supported and display in Blackbaud Checkout if your merchant account is enrolled with PayPal. After users select Submit when they fill out online giving, event registration, or membership forms, Blackbaud Checkout prompts them to securely finalize payment details. You can create and publish your own Do It Yourself (DIY) Online Forms to use for online giving, event registrations, membership, and more. Transaction information is not available in the Blackbaud Merchant Services web portal.īefore you can accept PayPal or Venmo donations, you must first connect your PayPal to your Blackbaud Merchant Services account. Note: You will need to troubleshoot or reconcile PayPal and Venmo transactions through your PayPal and Venmo business accounts. You can also manually enter a gift with PayPal or Venmo information however, the ability to process these payments when you enter a gift is not available. PayPal and Venmo payment methods are currently available for DIY Forms and eStore/Cart only. To enable these payments, set up PayPal integration in Blackbaud Checkout by following the steps in the PayPal Integration Setup Guide. PayPal and Venmo are now available as payment methods for one-time transactions in Blackbaud Checkout for users with a Blackbaud Merchant Services account. Note: As Venmo is a mobile payment service owned by PayPal, Venmo transactions are marked in eTapestry as PayPal transactions.
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