VoPay's Payment Tech Spurs Growth & Donations for GiveWise

Intro

The GiveWise Foundation Canada stands out as a leading digital platform in Canada, dedicated to facilitating meaningful donations through Donor Advised Funds (Giving Funds). Its fundamental mission is to close the gap between donors and charities, simplifying the journey towards making significant, transformative donations.

In today's dynamic economic landscape, Canadian charities face a pressing challenge: an increasing demand for their services against a backdrop of declining donations. Compounded by the inefficiencies of traditional payment systems, this situation poses significant hurdles for the charity and non-profit sectors. 

Recognizing these challenges, GiveWise sourced a payment partnership with VoPay to help them overcome the industry's longstanding payment obstacles.

The Problem

Organizations in the charitable sector grapple with the inefficiencies of outdated payment processing methods, significantly impeding their operational efficiency. Traditional donation methods, like cheques and bank transfers, suffer from lengthy processing times, leading to delays in fund allocation and a lack of financial transparency that complicates cash flow management. Furthermore, the complex and resource-intensive nature of reconciling these transactions diverts attention and resources away from charities' core missions. High transaction fees also reduce the total amount of donations received, limiting the impact charities can have.

For GiveWise, addressing these payment processing challenges was vital. With donors and charities seeking secure, hassle-free donation methods, the platform needed to provide an efficient, compliant, and straightforward payment solution that would meet the needs of its users.

The Results

With VoPay’s payment API integration, the charity platform achieved impressive results, marking a new era in charitable giving. VoPay’s payment solutions have streamlined the donation process and significantly boosted the efficiency and impact of philanthropic efforts across Canada.

During a time when donors were giving less in Canada, GiveWise was able to increase donations by 44% on a year-over-year basis. Thanks to faster money flows, charities were able to access these donations quickly and easily, helping them achieve their charity objectives faster. In addition to increased donations, the overall experience the donors had with GiveWise improved massively, with easy recurring payments and simple bank connection workflows.