EFT Makes Recurring Gifts A Reality

* Increases income and provides a predictable source of funds.

* Lowers fundraising costs, as the organization sends fewer solicitation mailings and has to process fewer paper checks. Biedermann says it can cost anywhere between $1 and $2 to process one check. Processing a paper check requires an administration process, including time and overhead to account for the check, travel to the bank and entering the information by hand into the database.