That's interesting. I was told by Blackbaud it DOES affect us.
Deputy, Development Operations Semper Fi & America's Fund
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We have so many of our recurring indicate the DO NOT want a monthly receipt.
If MC forces this, we will then have to tell these people it's out of our hands and our suggestion is to change to Visa, Discover, or other forms of payment. That seems like a dumb move on MC's part.
Bottom line, we don't need to worry until after our busy season!
Update 9/2/22: Thanks for following along as this situation evolves! We have just received confirmation on a few points. This information comes from The Nonprofit Alliance.
In short, Mastercard acknowledges that the new requirements as written (and particularly the definition of "subscription") caused considerable confusion among nonprofits.
They have clarified that nonprofits are required to comply with the new Mastercard rules.
However, Mastercard will be extending the effective date of these requirements for nonprofits until March 21, 2023. Furthermore, monthly notifications (receipting) will only be required for donors who have provided an email address. Nonprofits will not be required to generate receipts by alternate means for donors whose email addresses are not available.