© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Charities Urged to Provide Better Payment Methods
Posted 22nd November 2016

Charities Urged to Provide Better Payment Methods

More than one in three people say they are more likely to give money to charity in the festive season.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Charities Urged to Provide Better Payment Methods
Image

Charities Urged to Provide Better Payment Methods

More than one in three people say they are more likely to give money to charity in the festive season. This is according to a new survey conducted by Direct Debit payment solutions provider First Capital Cashflow, which showed that 38% of the UK public are keen to donate to a good cause in the coming weeks.

However, further research indicated that many charities could be missing out on huge sums of money because they’re still far too reliant on outdated donation methods.

A second survey by the company revealed that 26% of Britons are planning to set up a Direct Debit that will enable them to give money to their favourite charities on a regular basis. Unfortunately, statistics have shown that nine out of 10 charities don’t yet offer such services.

This is an opportunity that organisations cannot afford to miss, as the Institute of Fundraising recently pointed towards research that showed charitable Direct Debit cancellation rates have fallen sharply of late. According to reports, the average annual rate of cancellation dipped to 2.67% in 2014 – down from over 4% in the recessionary years of 2008 and 2009.

In short, people who sign up for a regular Direct Debit payment appear to be increasingly likely to maintain their financial commitment over a prolonged period.

Helen Hannah, Commercial Director at First Capital Cashflow, said the statistics show that charities need to cater for the growing demand for technology and convenient payment options if they are to get the most out of their fundraising efforts.

“In 2016, organisations that still insist on using cash are missing out in more ways than one. Not only are they potentially losing money, they’re also unable to gain access to crucial data and insights that can inform their wider strategies,” she commented.

“It’s particularly important to have technology in place during peak giving periods. We’ve found that 38% of people are more likely to donate at Christmas, which is a lot of extra transactions that need to be processed.”

You can read more about First Capital Cashflow’s research, including a list of good causes that are expected to be busier than usual this Christmas, here.

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
An Alpine Luxury Resort of the Highest Calibre
Innovation
05/05/2017An Alpine Luxury Resort of the Highest Calibre

The high Alpine luxury resort St. Moritz is 1,800 metres (5,910 ft) above sea level, a place I recently visited to enjoy luxury hotel facilities, as well as winter sports including skiing not to mention the gastronomic wonders of the region.

Read Full PostRead - Eye Icon
Russia’s investment will ensure stable supply of Russian crude through 2021
Finance
02/02/2018Russia’s investment will ensure stable supply of Russian crude through 2021

Russia’s investment will ensure stable supply of Russian crude through 2021

Read Full PostRead - Eye Icon
3 Things To Know When Financing Your Small Business
Finance
01/09/20213 Things To Know When Financing Your Small Business

Every small business gets to the point where it needs more money either to go on with its operations or to be able to make the most of an important opportunity to grow. Here are a few things you need to know when financing your small business.

Read Full PostRead - Eye Icon
KPMG Yorkshire Advise Redhall Group During Cape PLC’s Acquisition
Finance
10/06/2015KPMG Yorkshire Advise Redhall Group During Cape PLC’s Acquisition

KPMG Yorkshire Advise Redhall Group During Cape PLC's Acquisition

Read Full PostRead - Eye Icon
AI in Finance: How Fintech Leverages Machine Learning to Transform Banking
News
19/02/2024AI in Finance: How Fintech Leverages Machine Learning to Transform Banking

Artificial Intelligence (AI) and Machine Learning (ML) are not just buzzwords but pivotal tools reshaping how we interact with money, from automated investing to fraud detection. This transformation is not just a glimpse into the future; it’s the reality

Read Full PostRead - Eye Icon
Innovative Crowdsourced Penetration Testing
Innovation
22/07/2019Innovative Crowdsourced Penetration Testing

Penetration testing is supposed to help organizations find and fix vulnerabilities in their systems before criminal hackers can exploit them.

Read Full PostRead - Eye Icon
5 Reasons Why the Energy Industry Needs Blockchain
Innovation
28/10/20205 Reasons Why the Energy Industry Needs Blockchain

According to Global Market Insights, the adoption of blockchain technology in the energy sector will generate over $3 billion by 2025 owing to an increase in deployment in the power, oil and gas sectors. Lars Rensing, CEO and Co-Founder of enterprise blockchai

Read Full PostRead - Eye Icon
One Machine, More Freedom
News
01/08/2022One Machine, More Freedom

SkyRunner, LLC is a privately held aircraft manufacturing company headquartered in Shreveport, LA, USA, which designs and manufactures the MK 3.2, a special light sport aircraft for civilian and military end users.

Read Full PostRead - Eye Icon
LEWIS Acquires Tayburn In Six-Figure Deal
M&A
23/05/2024LEWIS Acquires Tayburn In Six-Figure Deal

Creative and digital agency, LEWIS has acquired Tayburn in a six-figure cash and equity deal that will combine almost a century of creative and digital expertise.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow