JustGiving taps GoCardless for open banking payments
JustGiving joins Yonder, Nude, Pillar and Plend on GoCardless’ list of open banking payment customers
GoCardless is extending its partnership with online donation platform JustGiving to be its exclusive open banking payment provider.
Taking over from American Express, the fintech will provide JustGiving with both its ‘Instant Bank Pay’ feature, collecting instant, one-off gifts, and its direct debit capabilities for recurring donations.
Over the last 23 years, over $9bn has been raised through JustGiving, which does not charge a commission fee on donations to charity customers and relies on optional tips to cover costs.
According to the fundraising platform, around 10 per cent of its donations go through open banking payments and it is hoping this proportion will grow, with the savings from ‘Instant Bank Pay’ helping to sustain its business model.
“We’re constantly looking for ways to make donations go further, and open banking payments play a pivotal role,” JustGiving senior director, payments and innovation, Oliver Shaw-Latimer said.
“After working with GoCardless for over a year on recurring donations, we were confident that its Instant Bank Pay feature would be perfect for one-off giving.”
Shaw-Latimer said the feature not only helps to keep costs low, but also provides a “best-in-class” fundraising experience for customers and donors.
“By using our unique combination of Direct Debit and open banking payments, JustGiving can give donors and charities more payment choice whilst lowering costs and reducing fraud,” GoCardless MD of UK & Ireland and chief customer officer Pat Phelan said.
“Ultimately, this means more money goes to worthy causes.”
JustGiving adds to GoCardless’ growing list of open banking payment customers, which include credit card provider Yonder, ethical lender Plend, savings app for first time buyers Nide and Pillar, a new fintech platform for all things credit.