CAF Bank customers to have low-cost card payment terminals
Howard Lake | 25 July 2011 | News
The 16,000 customers of CAF Bank, the not-for-profit banking subsidiary of the Charities Aid Foundation, now have the facility to accept payments by credit or debit card as a result of a partnership with payment solutions provider Cardsave Community.
Cardsave Community, which works exclusively with the not-for-profit sector, offers a secure, low-cost payment terminal which lets groups and charities accept payments by credit or debit card, whether that is face to face, through the post or over the phone.
For example, charities can use the terminals to accept donations in person at fundraising events or over the phone, and or payments at a charity shop, for tickets, membership or services provided.
It offers charities 12 month contracts, which are much shorter than the contracts usually offered by other major providers.
Cardsave Community terminals are available in countertop, portable or mobile versions.
Marc Frost, Chief Executive of Cardsave Community, said: “Our ethos is very similar to CAF Bank’s in that we aim to provide the same service to smaller organisations that mainstream providers give larger organisations. We already work with thousands of charities, from national names to very small local charities and hope that many of CAF Bank’s customers will now join them in using our payment terminals to increase their options.”
Peter Mitchell, Chief Executive of CAF Bank added: “With this deal, we’re further increasing the options available to our charity customers for accepting payments. Cards are an increasingly important payment method for donors, and with the cheque guarantee facility for cheques recently withdrawn, this approach enables charities to take guaranteed card payments instead.”
www.cafonline.org
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.