I'm the treasurer for a professional organization. We have about 100 members and dues are $30 per year. Up until a couple of weeks ago, all online dues payments were handled by the umbrella organization and they would just cut me a check once per month for deposit into our (separate) account. This is no longer going to be possible, so I need to figure out a way to accept these payments from individuals myself (with a link on our website). I have a business checking account for the organization. I was going to call the bank tomorrow. Do banks normally do this sort of thing, or will I need to use something like paypal? I have a paypal account, but I have only ever used it to send money (plus, I'd want to open a separate account for this). Is it a pain in the ass to set up a paypal account to receive CC payments and then transfer them to a business account? It sucks that I am going to have to keep track of each individual payment now, but it is what it is.
I deal with integrating credit-card processing functions to various merchants as part of my job (B2B). I'm unsure if there's other, less costly options available.
I would check with my bank first to see what's available.
I have been in the business of credit card processing for over 15 years.
If interested, I can help you out.
Tator
For an org that I wor pak with, the fees from our bank were nearly 1k per year, so we switched to PayPal.