Salvation Army Accepts Mobile Payments
International Christian charity the Salvation Army is ringing in the festive season by using US mobile payment start-up Square to accept credit card donations on the streets of San Francisco, Chicago, Dallas and New York.
Square – which recently added Virgin Group founder Richard Branson to its list of investors – gives out free card readers that plug into the headphone jack of mobile devices, allowing anyone to accept transactions through a smartphone app. In exchange for a 2.75% fee on all transactions, Square handles all fraud monitoring.
The Salvation Army’s spokesman, Major George Hood, said: “A lot of people just don’t carry cash any more. We’re basically trying to make sure we’re keeping up with our donors, and embrace the new technologies they’re embracing.”
The charity is by no means the first to use Square or similar services for mobile payments, but it is one of the most visible and recognised to use the technology, which is still new to consumers. Read more about mobile payment solutions in Digital Wallets.