EFT
EFT Corporation is a PCI DSS certified ACH/EFT and card payment processor founded in 1979, serving thousands of non-profits, churches, schools, and small businesses through its etransfer℠ platform with secure recurring and mobile giving tools.
- Company typePrivate
- Founded1979
- HeadquartersVirginia Beach, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What EFT does
EFT Corporation is a Virginia Beach, Virginia-based payment processor founded in 1979 by current Chairman Will Sawyer, operating as a Payment Card Industry (PCI) DSS certified service provider specializing in electronic funds transfer (ACH/EFT) and card-not-present payment processing. The company positions itself as having processed the first electronic funds transfer donation for a non-profit organization in the United States, and over 45+ years has built a customer base of thousands of organizations across non-profits, churches, schools, and small businesses, including named accounts such as the Salvation Army, DAV, Habitat for Humanity, PBS, United Way, MDA, and Boy Scouts of America.
The company's core product is the etransfer℠ platform, which provides credit and debit card processing, ACH/eCheck transactions, a Virtual Terminal, mobile payment acceptance, Text2Give and Text2Pay SMS-initiated giving, QR-code and online form checkout, and the EZ Payment Program for recurring billing (including newly added weekly frequency). The platform is marketed as PCI DSS compliant with tokenization and secure data handling, targeting customers that need affordable, low-friction acceptance of one-time and recurring contributions.
EFT Corporation generates revenue primarily through transaction-based fees — credit card processing from 2.15% + $0.35, ACH/eCheck at approximately $0.25 per transaction, and Text2Give subscription from $5 per month — supplemented by other recurring program fees, with no setup fees and no monthly minimum in its base pricing. The go-to-market is direct, supported by industry recognition including the Association of Fundraising Professionals (AFP) 25 Years of Excellence award in 2006, and the business remains founder-controlled with a very small (1–10) employee footprint and no disclosed external funding.
EFT firmographics
Firmographics- Name
- EFT
- Legal name
- EFT Corporation
- Website
- https://etransfer.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- EFT Corporation is a PCI DSS certified ACH/EFT and card payment processor founded in 1979, serving thousands of non-profits, churches, schools, and small businesses through its etransfer℠ platform with secure recurring and mobile giving tools.
- Ownership category
- akta.pro rank
EFT industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- ACH Operator & Clearinghouse Services (FSAMAGAA)
- akta.pro secondary industries
- Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where EFT is headquartered
LocationHeadquarters
- HQ city
- Virginia Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
EFT business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: Transaction-based fees charged on credit card, debit card, and ACH/eCheck payments processed through the platform. Fees vary by transaction type with percentage-based rates plus per-transaction fees.
- Subscription/Service Fees: Monthly service fees for platform access, virtual terminal, and reporting tools. Optional packages include no-monthly-fee options with higher per-transaction rates.
- Text2Give Subscription: Low monthly subscription fee for SMS-based donation and payment functionality
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Standard Processing Package |
| Transaction based/ take rate | Pay-as-you-go | No Monthly Fee Package |
| Subscription | Monthly | Text2Give Add-on |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
EFT product offering
Product offeringCore offering
EFT Corporation operates the proprietary etransfer money processing platform that delivers electronic funds transfer (ACH/EFT), credit card, debit card, and eCheck payment processing for non-profit organizations, churches, schools, and businesses. The platform supports online payment forms, virtual terminals, mobile payments, Text2Give SMS donations, recurring billing programs, QR code giving, and event registration, bundled as a unified "One Stop Shop" with PCI DSS compliant processing and dedicated US-based account representatives.
Product overview
EFT Corporation offers etransfer℠, a unified money processing platform providing electronic donation and payment solutions for non-profit organizations, churches, schools, and businesses. The platform operates as a 'One Stop Shop' combining multiple payment methods (ACH/EFT, credit card, debit card) with various delivery channels (online forms, virtual terminal, mobile, Text2Give, QR codes) integrated into a single system. The core etransfer℠ solution is supplemented by add-on services including Reporting and Analytics, Accounting/Software Integration, Event Registration, Custom Solutions, and Data Entry Services. The company also provides sector-specific programs like the First Fruits Giving Program for churches and Fund Designation Tracking for non-profits.
Differentiator
Problem solved
Functional benefit
Products and services
- etransfer Money Processing Platform Flagship SaaS platform providing unified electronic funds transfer, credit card, debit card, and eCheck processing through online forms, virtual terminal, mobile payments, QR codes, and Text2Give for non-profits, churches, schools, and businesses.
- Text2Give / Text2Pay Mobile payment and donation solution enabling customers and donors to make payments via SMS text message using smartphones, available as a low monthly subscription add-on.
- Virtual Terminal Web-based payment terminal for processing face-to-face, phone, and direct mail payments without requiring equipment or software installation, accessible via computer and internet connection.
- EZ Payment Program Automated recurring payment solution enabling customers to schedule weekly, monthly, quarterly, or annual payments to improve cash flow and reduce collection costs.
- Online Payment Forms Customizable web-based payment forms for accepting one-time or recurring credit card, debit card, or EFT/ACH payments on organizational websites, with all technology handled by EFT.
- First Fruits Giving Program Automated offering program for churches that schedules automatic transfers from donor checking, savings, debit card, or credit card accounts on weekly, monthly, quarterly, or annual cycles.
- Event Registration Streamlined online registration service for both free and paid events, with customizable forms for organizations and event-specific needs.
Quantifiable outcome
- Low credit card processing rates starting at 2.15% + $0.35 per transaction with no setup fees or monthly minimums
- +3 more outcomes
Companies that use EFT
Customer profileNamed customers14 records
Segments4 records
Ideal customer profiles4 records
EFT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature5 records
EFT partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
EFT competitors and assessment
Company assessmentDirect peers
- Tithe.ly: Tithe.ly offers church giving, tithing, and donation software with mobile/SMS giving similar to EFT's Text2Give and First Fruits Giving Program, targeting the same faith-based customer segment.
- Funraise: Funraise is a non-profit fundraising and donation platform offering online forms, recurring giving, and payment processing, directly overlapping with EFT Corporation's non-profit donation processing offerings.
- Bloomerang: Bloomerang is a donor management and fundraising platform for non-profits that includes integrated online donation processing, directly competing for the same non-profit payment processing and donor management workflows.
- Pushpay: Pushpay provides electronic giving and engagement solutions specifically to churches and faith-based organizations, directly overlapping with EFT Corporation's church and religious organization vertical and Text2Give-style mobile giving functionality.
- DonorPerfect: DonorPerfect provides non-profit fundraising software with integrated donation processing, recurring gifts, and donor management, serving the same non-profit customer base with similar payment-and-CRM functionality.
- Vanco Payments: Vanco Payments provides faith-based and non-profit electronic payment processing, including ACH, debit/credit card, and online giving tools, directly comparable to EFT Corporation's etransfer platform and vertical focus.
- Aplos: Aplos specializes in church and faith-based accounting and donation management software with integrated online giving, directly comparable to EFT Corporation's church vertical offerings.
Broad incumbents
- Stripe: Stripe is a dominant general-purpose payment processor offering ACH, card processing, and developer-friendly APIs that increasingly compete for the same SMB and non-profit payment processing wallet.
- PayPal: PayPal offers general-purpose online payment processing, recurring billing, and donation buttons that overlap with EFT Corporation's online payment forms and non-profit donation processing capabilities.
- Block (Square): Square (Block) provides card processing, ACH, and integrated commerce tools for small businesses, broadly competing with EFT Corporation's SMB segment with a more modern product experience and brand.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
EFT social profiles
Digital presenceEFT compliance and trust
Trust signalCompliance1 record
EFT financial estimates
Financial estimateRevenue estimate
Valuation estimate
EFT leadership team
Management profileNumber of profiles
Profiles1 record
EFT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EFT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EFT
What does EFT do?
EFT Corporation operates the proprietary etransfer money processing platform that delivers electronic funds transfer (ACH/EFT), credit card, debit card, and eCheck payment processing for non-profit organizations, churches, schools, and businesses. The platform supports online payment forms, virtual terminals, mobile payments, Text2Give SMS donations, recurring billing programs, QR code giving, and event registration, bundled as a unified "One Stop Shop" with PCI DSS compliant processing and dedicated US-based account representatives.
Is EFT a public or private company?
EFT is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EFT founded?
EFT was founded in 1979. It employs 1 to 10 people.
Where is EFT based?
EFT is headquartered in Virginia Beach, United States, in the North America region.
How does EFT make money?
Three revenue lines are on record. Payment Processing Fees are the primary driver. The others are subscription/Service Fees and text2Give Subscription.
Who are EFT's main competitors?
Direct peers on record are Tithe.ly, Funraise, Bloomerang, Pushpay, DonorPerfect, Vanco Payments and Aplos. Broad incumbents are Stripe, PayPal and Block (Square).
Does EFT have an API?
No public API is recorded for EFT.
What industry is EFT in?
EFT's product category is Payment Processing. Its primary akta.pro industry code is FSAMAGAA, ACH Operator & Clearinghouse Services, with a secondary code of FSAGABAN, Payouts, Disbursements & Mass Payments Infrastructure. Its NAICS code is 52232 and its SIC code is 6199.