Fundstream Inc. announced today the implementation of a new payment method for supporters using its FundScrip gift card fundraising program. The new method of payment, unique to FundScrip in gift card fundraising, Online Bill Payment Service, allows supporters of FundScrip registered not-for-profit groups and causes to pay for their orders through their online banking web sites without incurring any processing fees.
FundScrip’s Online Bill Payment Service can be used by customers of most major financial institutions in Canada including; BMO Bank of Montreal, Royal Bank of Canada (RBC), Toronto Dominion (TD-Canada Trust), Bank of Nova Scotia (Scotiabank), Canadian Imperial Bank of Commerce (CIBC), National Bank, Caisse Populaire Desjardins, Laurentian Bank, ATB Financial, Credit Union Central, TelPay, ING Direct. Payments can also be made by telephone, since the online version of this service is the evolution of the pre-existing telephone bill payment service.
Fundstream President & CEO, Christopher Hill, explains “This new payment method required a significant investment in both time and money, and is important because it eliminates two significant barriers to using a program like ours: first, using many other forms of payment incurs transaction fees; and second, other ‘free’ forms of payment require providing personal financial information. It’s an established, easy-to-use form of payment known to virtually everyone with a Canadian bank account; and moreover, it is not offered by any of our competitors, reinforcing our title as Canada’s most innovative fundraising program.”
With the addition of Online Bill Payment, FundScrip now boasts an impressive arsenal of payment options, including Credit Card, INTERAC® Online, and Electronic Funds Transfer.
For more information about this service, please click here.