Electronic Fund Transfer (EFT) is the process of collecting funds on a regular basis from your constituents’ accounts into yours. Typical uses are for regular donations and membership subscriptions.
Donorfy has a built-in integration to the GoCardless system for collecting Direct Debits. However, if you use another form of EFT, or have your own BACS service user number (SUN), you may prefer to use the EFT feature of Donorfy instead which provides the data you need to import into your EFT software to control the process of lodging new instructions and collecting payments.
Donorfy EFT also handles communications with the constituents.