ChangeIt is a Waterloo company that has come up with a new way to give, through purchases made using a credit or debit card. “Fewer people are carrying cash or coin with them. We are now even paying for coffee with a credit or debit card,” he says. “So what happens to all those spare change donations that were a lifeline for a lot of charities?”
That is the problem ChangeIt set out to tackle.
Card customers of participating financial institutions go to the ChangeIt website, register their card, and sign on to having purchases “rounded up” to the next dollar or two dollars. They also fill out which of the 86,000 Canada Revenue Agency registered charities they would like their change to go to. At the end of the month, “rounded up” numbers are added together and donated to the charities of their choice. You see the donation as a single charge that comes off your card once a month.
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