Cashless payment costs aimed to be cut by software
The software has been created by digital consultancy Caution Your Blast in partnership with online payments firm SumUp with an aim to slash costs in taking cashless donations.
A digital agency has released fundraising software it claims will cut the cost to charities of accepting cashless donations.
The agency claims that the cost of setting up cashless donations can be cut from around £500 to £100.
So far around 400 charities have signed up to using the software , which has been created in partnership with mobile payments firm SumUp.
One charity already using the software is St Andrews Church in Hove, Sussex.
“This Christmas we expect it to benefit us in our efforts to help local homeless shelters and beyond,” said the Rev. Dan Henderson from the church.
In addition the software has a video setting to allow charities to showcase the work they are doing.
Ben Stewart, Founder, Caution Your Blast said: “Charities can’t afford to invest in costly card payment systems, yet our increasingly cashless society means they soon won’t have a choice.”
Peter de Souza, Head of Business Development (UK & IE) at SumUp added: “The team has also added new features such as Gift Aid declaration and the ability to play videos on the campaign screen which are boosting the funds being raised even further.
“It’s an incredible initiative, especially at this time of year and the global potential for this technology is huge.”
Latest figures show the public’s growing appetite for using cashless payments.
Between January 2018 and July this year the number of bank ATMs in the UK distributing cash fell from 54,000 to 49,000. Analysis by Global Payment Trends, released last month, forecasts debit cards will replace cash as the leading payment method by the end of the year.
However, this analysis also warns that more than eight million people in the UK are at risk of digital exclusion due to this boom in cashless payments.