SwipeGood Now Supporting Chase, WF, BofA, Amex

http://mashable.com/2011/01/11/swipepay-expands/

by anemitz • 16 years ago

78 10 16 years ago

Great work guys! Do you have plans to support UK/EU cards in the future?

anemitz4• 16 years ago

We're definitely looking at internationalizing the product in the future, but right now we're focused on the U.S. market.

twakefield• 16 years ago

That's awesome...Congrats on getting it done!

beoba• 16 years ago

5% operational expenses? Sounds a tad high.

Are they currently a 501(c) (or similar)?

sync• 16 years ago

"Is SwipeGood a non-profit?

Our goal is to make giving to charity as easy and as impactful as possible. By structuring ourselves as a for-profit business, we believe we can make a much larger impact on the world and help non-profit organizations become more efficient in their fundraising efforts."

So, no.

mattdoka• 16 years ago

I bet the 5% is largely from credit card processing fees. Hopefully you guys can work out a deal with the processors at some point...

anemitz4• 16 years ago

Our view is that in order to move quickly and enact as much change as possible, we need to be structured as a for-profit (C-Corp).

Since we're not charging charitable organizations, the 5% is used by us to cover the cost of operating our business. If you think about it in that context, it's not very high:)

zaius• 16 years ago

So does this mean you're tying in with banks one by one, instead of using something like yodlee?

anemitz4• 16 years ago

We're connecting with banks based on popularity with end consumers. It's our goal to make SwipeGood accessible to everyone in the future.

SwipeGood Now Supporting Chase, WF, BofA, Amex

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