Gyve’s round-up feature is giving change a second chance to make a BIG difference.
Want to know how much your church could raise with round-up? It’s amazing!
How does round-up work?
Gyve’s round-up feature involves the collection and donation of change gathered during debit card, credit card, and ACH purchases.
Every purchase made with a card attached to the round-up feature adjusts the purchase price to the nearest dollar. Then collects the difference for donation. Meaning, if a purchase total came to $3.12, the new total transaction amount reads $4.00. The $0.88 difference accumulates for later contribution. Once it accumulates to $20, Gyve makes the donation. To YOU.
How much does round-up generate?
An average round-up donor generates $20 per month. That is $240 per year. A donor base as little as 300 people equal $72,000 in additional revenue per year. When viewing round-up revenue potential, account for families. Take a quarter of the church’s member base as actual giving units. For example, a 6,000 person church contains approximately 1,500 givers. This equals $30,000 a month in additional revenue. That’s $360,000 a year with full participation.
Round-up increases revenues
When rolled out correctly, the round-up tool increases the donation base and the donation amounts. The Gyve dashboard includes communication tools to help leaders encourage participants to join. Gyve provides vision casting resources with text, picture, and video clip capabilities. Coaching is available as needed.
The round-up feature is a first step, or onboarding, in giving; it does not replace regular and recurring giving, rather it is an addition in giving for current givers.
Round-up increases participation
Round up funding entices participation.
Many churches increase their member participation by redistributing round-up funding back into the community. Round-up funds can be used for benevolence. By showing members the good things their round-up dollars are accomplishing, they are encouraging people to join.
The round-up feature is an excellent use of technology, but to reach its FULL potential vision casting is helpful.
We are here to help.
Gyve is an online and mobile giving platform on a mission to help churches build a culture of generosity.
The Gyve system creates environments to develop donors while providing multiple donation options, including one-time, recurring and roundup (microdonation) giving. Gyve is complete with data analysis, reporting, giving-trend tracking, and target marketing.