One ministry that has used eGiving.com to “revolutionize [their] ministry’s financial support foundation” is close to reaching their goal of having 80% of their annual budget provided through eGiving.com’s recurring electronic giving solutions for ministries.
As you read that, you may be wondering why they would set such a goal. Or you may be wondering why they wouldn’t prefer another method, such as time-honored paper checks, the ever-popular PayPal, or more mainstream e-checks processed through their bank.
After learning about the many unique aspects of eGiving.com that set its methods above the rest, however, you’ll likely be asking a different question: “Why not eGiving?”
Time-Honored Paper Checks
While in your lifetime, paper checks may have always been the norm for paying bills and making charitable donations, they are a fairly new development. Before the 1950s, cash or barter systems were generally the norm, worldwide. As with any new ideas, checks were not accepted within the Christian church, at first.
From lost and “bounced” checks to the labor-intensive processing involved, electronic giving solves many issues inherent in the system used in recent decades. Add to this the driving yet gradual push to ultimately eliminate inefficient paper checks from the financial exchange system, and you can see how timely it is to help your church or Christian ministry begin to realistically embrace a cashless, checkless giving system.
Bypassing the archaic processing systems required by hard-copy checks, PayPal allows for online payment to anyone (or any company or ministry) who has a valid e-mail address. From the cold, commercial format to the lack of human customer support, this venue is probably not the kind of personalized system that you want to offer your valuable donors. The fee structure is somewhat difficult to anticipate, as well, and recurring payments are hard to track on the ministry’s end.
Most banks now offer EFT provisions, which not only eliminate the paper-handling issues but also give more customer support and easier record-keeping capabilities. One of the main benefits of EFT options that allow for electronic giving solutions is that by setting up recurring giving, pledges are more likely to become realities. While your bank may provide a solution to many of the problems connected to old-school giving methods, the giving platforms they can provide for your ministry’s needs are limited.
By choosing eGiving.com, you’ll not only open your ministry up to online payments and recurring electronic giving solutions, but you’ll be continuing to function as a ministry. Your givers will feel comfortable with their custom giving pages, and you’ll receive support by fellow believers who think in more than dollars and cents: They’re Kingdom-minded Christians, just like you. Because eGiving.com isn’t just a business, but it’s also a ministry, your ministry will benefit by receiving the kind of personal interaction and service you give those to whom you minister.
Because of the unique setup of eGiving.com, our records show a 95% retention rate in recurring giving over a 5-year period. But our services don’t stop there. By helping you implement a variety of web-based giving solutions into your ministry’s total plan, our team can be part of seeing your ministry grow and thrive and further the Kingdom of Christ. Paper checks, banks, or PayPal software will never get excited about that!