MasterCard has officially exempted nonprofit organizations from the recurring transaction mandate. Read More.
The Nonprofit Alliance has been actively working on behalf of nonprofits to clarify the new recurring transaction requirements.
Mastercard has just informed TNPA that they “will be extending the effective date of these requirements for nonprofits until March 21, 2023.” This extension is an acknowledgement that the new requirements as written caused considerable confusion among nonprofits and their processing platform partners, delaying steps toward compliance.
To be clear, nonprofits ARE required to comply with the new subscription payment requirements, but now have an additional six months to prepare.
Additionally, monthly notification (receipting) is ONLY required for donors who have provided an email address. Nonprofits will not need to generate receipts by alternate means (such as postal mail) for recurring donors -whose email addresses are not available. This will amount to considerable cost savings for many organizations.
For more information, please visit https://tnpa.org/mastercard/
Support Center