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How do nonprofits receive money raised?

FirstGiving sends funds raised to the nonprofit on a weekly basis if they've signed up for Electronic Funds Transfer, or monthly if they prefer to receive a check. 

Here’s a little information on the difference between EFTs and mailed checks:

 

First Payment

Ongoing Payments

Reissue

Processing Time

EFT

The Thursday following a donation.

Every Thursday

2nd and 4th Monday of every month

2 business days

Check

Thursday closest to the 15th of the month

Thursday closest to the 15th of the month

1st and 3rd Monday of every month

2 business days + mail

FirstGiving maintains PCI DSS Level 1 certification and stores data using the highest levels of encryption and tokenization.

 

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