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| COMMON FAQs OF BUSINESS PARTICIPANTS |
An exciting new funding avenue. Now any business which accepts credit or debit card payments can financially support your non-profit!
Generally, the following points represent approximately 95% of related questions nonprofit partners might be asked by a business they are soliciting to support their cause via MICROFUNDEDART$ credit and debit card processing.
My Current Merchant Services Contract Has An Early Cancellation Policy. Will I Be Penalized For Chamging Processors?
If your business choses to support this initiative through
particiption, we can usually absorb ay "early cancellation" penalities
associated with switching our merchant services account to our services.
Will I Have To Install New Credit Card Processing Terminals?
If you own your own terminals they can generally be simply
reprogrammed. However, our program can generally provide new equipment
at no cost if your credit card transaction volume exceeds $1,000 per
month. You can then keep your older units as backups.
What Do I Need To Provide In Order To Receive A Rate Quote?
All that is needed is a complete copy of a recent merchant
services statement (include all related pages for an accurate
counter-quote). We can generally provide a competitive quote within 48
hours.
OK, I Have Received My Quote And
Will Save Money With This Program. I Am Ready To Support My Charity By
Participating. What Do I Do Next?
Simply fill out the two page application form and fax it to 888.597.1596 along with (a) a copy of a cancelled check for the business account your transaction revenue will be deposited into and (b) a copy of the required documents as indicated on the application. You're new contract should be prepared within 48 hours. After signing our agreement, your merchant services can generally be switched within two or three business days.
Is My Financial Contribution Tax Deductible?
Yes, subject to the requirements and limitations of
Section 170 of the Internal Revenue Code, the contributions will be tax
deductiable.
Can I Change To Whom My Donation Is Sent?
Yes, changes to your non-profit recipient can be made bi-annually.
Will I Receive A Year-End Statement From MICROFUNDEDART$ For IRS Reporting?
No, the non-profit you chose to donate to will isue this as is required by IRS ruling.
Additional Questions?
Contact us at info@microfundedarts.org for answers to any additional questions concerning this program.
We can help you successfully fund your non-profit Arts organization. Simply fill out our online request form if you would like additional information on becoming a MicroFunded Partner.
We will try our best to respond to interested parties within 24 hours.
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