Small Denomination Transactions – with your credit card
I have mentioned my “issue” about bag packs in my local supermarket. I never go to the shops with loose change, I only ever go with cards. Every other weekend there is some local group that is doing a bag pack for a cause that I would be more than happy to give a couple of euros to, but I dont have the change.
This could be the solution
Its the DipJar. Targetted at customers who want to leave a tip in, lets say a coffee shop. It surely has a role to play in fundraising too? I came across it on springwise, and here is their summary:
The device is a cylinder containing a card slot that can be placed at the point of sale at venues where a tip may be expected, such as a restaurant or hotel. Users insert their card, take it out and wait for the confirmation sound to indicate that the transaction – which is always USD 1 – was successful. Since the sum is a small amount, no PIN is required. If the cardholder wants to leave a tip larger than USD 1, they need only to ‘dip’ their plastic the desired amount of times. Fees on debit and credit card transactions mean that staff actually see USD 0.80 of each dollar at the moment, but the company is working on getting that figure up to around USD 0.90.
DipJar enables service-based businesses to capture tips that otherwise might not be collected due to the difficult nature of charging small amounts to cards.