- Blackbaud (BLKB, Financial) launches Blackbaud Integrated Payments, expanding payment processing capabilities.
- New solution offers 0% processing fees for Complete Cover customers, saving millions.
- Expedited Giving feature will distribute donations up to 95% faster, launching in late 2025.
Blackbaud (BLKB) has introduced Blackbaud Integrated Payments, an advanced payment processing solution extending their existing Blackbaud Merchant Services. This expansion allows third-party software providers to leverage Blackbaud's Payments API, further integrating with YourCause for corporate employee giving programs.
The new solution includes several key features aimed at enhancing efficiency and security. These include optimized checkout experiences, automated credit card updates, fraud detection mechanisms, and centralized reporting. Organizations using Blackbaud's Complete Coverâ„¢ benefit from 0% processing fees, which has resulted in significant savings, totaling millions last year.
One of the notable promises of Blackbaud Integrated Payments is the potential increase in conversion rates and donation sums. According to Blackbaud, organizations have experienced conversion rates of up to 30% and donation increases of 40% when utilizing their Optimized Donation Forms.
Furthermore, a new feature named Expedited Giving is set to launch in late 2025. This functionality will expedite the distribution of donations from corporate programs, allowing nonprofits to receive funds up to 95% faster. This aims to streamline the donation process, making it easier for both donors and recipients.
Several partners, including Almabase, Odin, SmartTHING, SwipeTrack, GivBee, and Pledge, are already utilizing this expanded payment system. These partnerships are expected to grow further, with more integrations planned throughout 2025.
Through the Blackbaud Integrated Payments launch, Blackbaud aims to empower social impact organizations, fostering greater fundraising efficiency and enabling them to focus more on their missions and creating a positive social impact.
