SwipeGood Now Supporting Chase, WF, BofA, Amex

[anemitz]

http://mashable.com/2011/01/11/swipepay-expands/

[BenjieGillam]

Great work guys! Do you have plans to support UK/EU cards in the future?

[anemitz → BenjieGillam]

We're definitely looking at internationalizing the product in the future, but right now we're focused on the U.S. market.

[twakefield]

That's awesome...Congrats on getting it done!

[zaius]

So does this mean you're tying in with banks one by one, instead of using something like yodlee?

[anemitz → zaius]

We're connecting with banks based on popularity with end consumers. It's our goal to make SwipeGood accessible to everyone in the future.

[beoba]

5% operational expenses? Sounds a tad high.

Are they currently a 501(c) (or similar)?

[sync → beoba]

"Is SwipeGood a non-profit?

Our goal is to make giving to charity as easy and as impactful as possible. By structuring ourselves as a for-profit business, we believe we can make a much larger impact on the world and help non-profit organizations become more efficient in their fundraising efforts."

So, no.

[mattdoka → sync]

I bet the 5% is largely from credit card processing fees. Hopefully you guys can work out a deal with the processors at some point...

[anemitz → mattdoka]

Exactly right. And yes, we're hoping for that too:)

[anemitz → beoba]

Our view is that in order to move quickly and enact as much change as possible, we need to be structured as a for-profit (C-Corp).

Since we're not charging charitable organizations, the 5% is used by us to cover the cost of operating our business. If you think about it in that context, it's not very high:)