Why we don't take cards
Kieron James - 30th Aug, 2023
We do not take a percentage of funds raised, ask for tips, or do anything that prevents 100% of donations going to the causes that charity supporters are so passionate about. We are inspired and driven by that passion.
At Wonderful, we pride ourselves on our commitment to ensuring charity fundraising is fee-free.
We do not take a percentage of funds raised, ask for tips, or do anything that prevents 100% of donations going to the causes that charity supporters are so passionate about. We are inspired by that passion.
Part of maintaining this ethos means being a card-free platform. Although card payments may be familiar to donors, they generate significant fees, which severely restricted our reach and impact.
Instead, Wonderful spent a full year gaining permission from the Financial Conduct Authority to become an Authorised Payment Institute. This allows us to harness the speed, simplicity and security of instant bank payments, powered by Open Banking.
This new and easy way to pay involves a direct bank transfer between the donor and the charity's bank account. We simply ask donors to select their bank and then hand them over to their online bank account/mobile banking app to authorise a pre-populated transaction. The amount and name of the recipient are confirmed from within the donor's online bank account/mobile banking app once the donor. We do not require any bank account numbers, sort codes, card numbers, expiry dates, CVVs or other financial data. Donors simply select their bank, login in the normal way (using face ID, fingerprint or username / password) to authorise a payment which is awaiting their approval.
By using this new and exciting payment method, we can provide a truly fee-free fundraising platform to the UK charity sector at scale, and that’s what makes us wonderful.
If you do not currently use online banking or a mobile banking app, your bank can help you get set up with this. We support most major UK banks, and our list of banks will only continue to grow.
Unlike many other platforms, Wonderful passes donations to the charity in near real-time, so funds can be put to good use more quickly.
Our A2A payments are also safer for your donors’ financial data, as there’s no need for us to ask for card details or other sensitive payment data. We leave that to the banks.
Overall, this means that your donation is cost-effective, faster, and safer.
You won’t see card payments as an option here at Wonderful.
We believe that instant bank payments are the future, and they’re a huge part of what makes us wonderful.