Heyas All,
The reason I ask is that I would like The Children's Hour to be more widely-accredited with the different credit card companies like Citibank, Standard Chartered, HSBC, BDO, Equitable and all the rest.
I would like to open as many channels for people to give to Children's Hour, aside from the systems we already have in place :)
Currently, we only accept BPI and AIG credit cards.
If there is anyone here in PEx who can give me some information regarding the opening of Merchant Accounts with the various credit companies, please do reply to this thread.
Specifically, I would like to ask the following:
For our target market who already have credit cards
1. What are the procedures for creating such a merchant account?
2. What service fees are involved, and can these be waived for non-stock, non-profit corporations such as The Children's Hour?
3. If we needed to create a savings/checking account with your bank/institution, how much would we need to have in the account on a daily/weekly/monthly basis?
4. Will we be provided with a POS unit?
5. For repeat customers/donors on a monthly basis, would the charging be on our end, or can your company handle all procedural matters? (verifying amounts, etc.) - the bottomline is that we would like to make it as easy, convenient, and hassle-free for our customers/donors to remit money to us.
For our target market who do not have credit cards as of yet:
6. Can we co-brand a credit card and come up with a "Children's Hour" credit card? If so, what is the minimum # of credit card applications necessary?
For a co-branded card, can annual membership fees be waived?
I was thinking along the lines of pre-approved credit cards with spending limits of P5,000 or so a month. Sort of like a credit card exclusively dedicated (but not necessarily so) for donations & purchase of Children's Hour merchandise.
7. Still thinking along these lines, if not a co-branded credit card, a co-branded cash/debit card?
*I regularly donate P500 to Unicef every month (for which they give me a lot of greeting cards - i have a growing stack here at home :lol: ), and I'd like to be able to develop a similar system for The Children's Hour.
By accepting donations via credit card, we are able to assure customers that there is no pilferage in the system since donations are immediately credited to our merchant account, as well as provide them with the ease and convenience of not having to worry about separate monthly billing statements as donations can be automatically placed on the credit card bills they already have.
If anyone can help me with these arrangements, I would greatly appreciate it :)
Please help spread the word! Children's Hour already has several mechanisms already in place to make it easier to help many filipino children nationwide:
1. G-CASH (For Globe and Touch Mobile Subscribers) * *new!!* *
•To donate, text: DONATE>space<amount>space<MPIN>
Send to 28829178025419
•For donors outside the Philippines, donations may be sent to G-CASH’s partner merchants.
•For more information, visit www.globe.com.ph
2. Salary Deduction
A lot of the corporations in the Ayala Group of Companies have used this method. Drop me a line if you'd like for us to schedule a presentation for your company!
3. myAyala.com Portal - THANK YOU, PXRDC!!! :naughty:
Click here for more information on donating through myAyala.com (http://www.myayala.com/shop/products.asp?categ_id=270&product_id=4396&merchant_code=LP01)
4. Direct Bank Remittance
Bank Remittance:
• Children’s Hour Peso Account (Bank of the Phil Islands)
Account Number: 2591-0024-84
–Ayala Triangle Branch
• Donations will be (BIR) tax exempted.
*Please fax your deposit slip to 893.2236 or email to ask@childrenshour.org.ph
5. Thru Ayala Foundation-USA:
• Address cheques to:
Ayala Foundation USA
255 Shoreline Drive, Suite 128
Redwood City, CA 94065, USA
• Donations will be 501 (C)(3) certified
*Volunteers Needed!* :D
T H A N K S !
NC
Children's Hour - Every Hour is Time Well Spent.
http://www.childrenshour.org.ph