So does this avoid B of A's infamous Keep The Change patent?
Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
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Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#12It would be nice to have a how it works page, you must give me a compelling reason for me to signup my credit card, at least I will like to know how it work.
Good point. We need to improve the landing page plus signup page. Any ideas? :)
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#13Earlier quoted context omitted.
Love the idea, I was about to sign up when I realized that it isn't done automatically, that's kind of a deal breaker for me. When you get the Yodlee integration send an email out :)
The problem is that Yodlee is very expensive to get started with financially, (not technically). The point is to get people excited about the project and to sign up now, to convince someone to foot the cost of yodlee and keep all the money flowing to charity.
It would be nice if banks offered a simple API to tap into in order to get access to ones account details. I know the BankSimple guys are planning on having Oauth support in able to allow people to build services around their service and now have to go through Yodlee necessarily.
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#14Call me paranoid, but I am not brave enough to pass step1 in your registration, sorry!
Although I even know one of the founders :)
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#15How much money you take from the roundup money?
I feel like this idea would hold more weight as a non profit.
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#16Call me paranoid, but I am not brave enough to pass step1 in your registration, sorry! Although I even know one of the founders :)
Yeah fair enough :) We need to build way more trust on step1 - any ideas?
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#17How much money you take from the roundup money?
I feel like this idea would hold more weight as a non profit.
We thought about it long and decided that the ultimate goal is to have the maximum impact and make SwipeGood sustainable without any grants and gov support. We believe that it doesn't matter what form the org has but how much positive change we can make in the long term...and we believe we can be more creative as a company and more agile in making change happen :)
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#18I know that these round-up programs are quite popular -- but it reflects a sloppy-with-money mindset I just don't have.
Let's say you're a super-heavy card user -- 5 times a day. And charges are random in the cents value -- so on average a charge yields a $0.50 allocation.
Why not just donate (30 days * 5 transactions/day * $0.50/transaction =) $75/month to your chosen purposes (be they personal savings as with BoFA or a charity as here)?
Sure, you cold use transaction volume as an initial indicator of ability-to-pay or a socially-normed anchor-value. But, there really ought to be more consideration of personal circumstances than that. (What's your overall savings/debt? What are your other obligations?) And, this only requires an occasional look-back at prior volume to set a benchmark level -- not a constant function of every transaction.
Sure, putting allocations on autopilot improves compliance to a stated plan... but that can be done without the 'round-up' transaction gimmick. (Lots of systems for auto-charging donations or savings on weekly/monthly/paycheckly/etc. schedules already exist.)
And why $0.50 per transaction? If trying to achieve an optimal savings rate, it's unlikely that's the right ratio for anyone.
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#19The idea sounds like it might be interesting, but I can't imagine how this works and neither your website nor the facebook page linked at the bottom tell me anything about it.
I might suspect that if I signed up with Facebook Connect that there might be more information, but it's not clear whether that's the case - and I wouldn't try it on the off chance.
I would suggest that there needs to be more up-front information to explain what happens if I use Facebook Connect to login. How does giving you my credit card work? On the face of it, that sounds like a scam. Is this service for everyone, or only people in the USA? After signing up, how easily can I opt out? etc etc.
But I'm curious to know more.
Re: Rate my startup: SwipeGood - Roundup every purchase you make & donate the change
#20indeed a nice idea ,,, consider changing the swipegood logo and by making it more apparent... how will that work, i dont know, but its a nice thing that people will surely appreciate....