Charity rounding up refers to the process of raising money for charity by using retail transactions at either a retail store's point of sale (POS) terminal or via an online website. The process is scalable and very effective. Whenever you make a purchase using either a debit or credit card the transaction is rounded up to the next decimal. You can also pick the amount of the round up. For example, if you are in North America it can be to the next dime or dollar. A $5.85 can be either $5.90 or $6.00. The roundup is directed to the charitable funding group.
This original proof of concept was developed back 1999 when Wiremite Inc., a digital wallet company, was expanding the services available for the new smart terminal being introduced in retail outlets as well as online purchases. The charitable component was made possible due to the almost cost-free nature of the transaction and the bundling of the services available on a terminal.
Since then there have been more implementations of this type of service worldwide.
GiveTide is the first and only fully native iOS app to use round up for charity technology, which means that it is the only app that doesn't require users to open a separate safari page to process donations. GiveTide provides users with a platform to round up a virtual "spare change jar" and donate it at will to any 501(c)(3) nonprofit in the U.S. with a single tap. https://itunes.apple.com/us/app/givetide-round-up-and-donate/id1220917081?mt=8
Bstow integrates with banking and credit cards in the US. They provide branded solutions for nonprofits, churches, and banks. Charity Roundup an international fund raising. Change It a service integrating with banking and credit card https:// a charitable service tied to Go Daddy internet services Original website for Charity Roundup Round Up for Charity
There have been numerous articles on this process. The Star Article The Waterloo Record
Video Charity rounding up
References
Source of the article : Wikipedia
0 Comments