Charity rounding up
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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.[1] Whenever a purchase is made using either a debit or credit card, the transaction is rounded up to the next decimal.
This original proof of concept was developed in 1999 when Wiremite Inc., a digital wallet company, was expanding the services available for a new terminal being introduced in retail outlets as well as online purchases.[2] 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.[3]
See also[edit]
References[edit]
- ^ "How to round up purchases for good causes: Roseman". thestar.com. 2014-11-18. Retrieved 2021-08-09.
- ^ "Wayback Machine". 2004-07-29. Archived from the original on 2004-07-29. Retrieved 2021-08-09.
- ^ "ChangeIt uses small change to make big difference". therecord.com. 2014-12-13. Retrieved 2021-08-09.