An online donation tool is an all-encompassing solution with features like donor form, donation management, and reports designed to make fundraising easier. On the other hand, a payment processor is responsible for securely processing financial transactions and transferring money directly from the person who donated the funds to the organisation.
Even though an online donor tool may be integrated with the payment processor to manage the transactional aspects, online donation tools offer more features specifically tailored to nonprofit organisations’ fundraising needs.