Open Banking, Payments
Wonderful provides account-to-account (A2A) payment services. Created to disrupt the charity fundraising sector with a completely fee-free service, Wonderful is now developing a range of services for third sector and commercial clients leveraging the power of open banking payments and the organisation’s inherent corporate social responsibility values.
Wonderful has truly harnessed the power of A2A payments to extend the reach of its fee-free, non-profit fundraising platform at Wonderful.org. Previously backed by the Co-operative Bank and now by a new corporate sponsor, the platform’s impact was - until recently - significantly constrained by the high cost of handling card payments for the charities, donors and fundraisers attracted by its zero-cost approach. In fact, in previous years, the non-profit’s entire corporate sponsorship budget was gobbled up by card-processing fees. The fundraising platform is now blazing a tech-for-good trail by moving exclusively to A2A donations - simultaneously increasing awareness, confidence and adoption of Open Banking payments through the viral effect of online charity fundraising.