Enrolling in e-payments (ACH transfers) ensures your nonprofit receives faster disbursements, reduces administrative work, and enhances security by eliminating paper checks.
Why Register for E-Payments?
- Quick Access to Funds: ACH transfers provide quicker access to funds, processed shortly after the standard cooling period ends.
- Increased Security: Eliminates the risks associated with lost, stolen, or delayed checks.
- Less Administrative Work: Reduces manual effort involved in processing and depositing paper checks.
- Automated and Reliable Payments: Once your nonprofit meets the minimum disbursement threshold outlined in the Givinga Foundation Guidelines, payments are automatically queued and processed according to standard timelines.
How to Register for E-Payments
Step 1: Access Payment Settings
- Click "Reports" in the left navigation panel.
- Click "Update Payment Method" in the Payment Details section on the Reports page to begin enrollment.
Step 2: Complete E-Payment Verification
- You’ll be redirected to Stripe Connect, our secure payment processor, to enter your nonprofit’s banking details.
- Follow the instructions to provide the necessary details, which may include:
- EIN (Employer Identification Number)
- Bank account details (account & routing number)
- Business representative information (name, email, date of birth, SSN, etc.)
- Organization address and contact details
- Submit the form and wait for an email confirmation once your verification is approved.
Step 3: Confirmation & Activation
- Once verification is complete, future disbursements will be sent via ACH instead of paper checks.
- Your payment method in the Reports section will be updated to reflect the e-payment (ACH) status.