Managing online giving is a huge part of fundraising, and you want to feel confident about your tools when receiving and accounting for these Gifts! However, with all of the terminology and different parties involved, we know some of the steps of the process may be a bit confusing! Virtuous Giving powered by Virtuous Payments is an integrated system designed to make the process seamless for both your organization and your donors! Whether you're using Stax or Stripe, Virtuous Giving works behind the scenes to collects Gift information on your Giving Form, syncs with the Payment Gateway to process the card and moves the funds into your bank as a Payout, and then provides Reconciliation Reports with transaction details.
Below, you'll find a helpful flowchart that covers the process in Virtuous Giving from when a Donor submits a Gift online, to it appearing in your CRM, and later your bank account.
Learn more about managing online transactions through Virtuous Payments here.