There is new information on the Mastercard Mandate for Recurring Transactions and how it impacts nonprofits.
Mastercard has officially exempted nonprofit organizations from the recurring transaction mandate. iATS Payments by Deluxe has worked with Mastercard to share the impact these changes would have made on nonprofits and we are thankful the effort by many has resulted in this change.
This update would not have been possible without the leadership and dedication to this campaign by The Nonprofit Alliance. Their continued support and advocacy for the good work of the nonprofit industry has made a huge difference in this outcome.
Here is everything you need to know about this new mandate.
What Mastercard is doing
- Help ensure a more positive cardholder experience
- Mitigate negative practices associated with the utilization of a
- subscription and recurring billing model
- Reduce negative impacts to the ecosystem, such as chargebacks
Customer Benefit
These changes help to ensure a better cardholder experience and lower
the number of disputes by focusing on merchants that fail to properly
manage cardholder complaints and chargebacks related to a
subscription/recurring payment plan.
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