In this episode of Profiting with Nonprofits, the host sits down with Greg Garfield, founder of Chip In, to explore how everyday financial transactions can become a sustainable funding stream for nonprofits.

Greg shares how his decades in merchant processing led to a breakthrough idea: redirecting a portion of transaction profits back to nonprofits, creating recurring donations without requiring additional contributions from donors. This model empowers businesses to support causes passively while improving their ESG (Environmental, Social, Governance) impact and reducing processing costs.

The conversation also challenges the common reliance on platforms like Stripe, highlighting limitations such as lack of support, rigid pricing, and fund control issues. Instead, Greg advocates for dedicated merchant accounts that offer flexibility, transparency, and stronger relationships.

Overall, the episode reframes payment processing as an untapped fundraising lever—showing nonprofits how to generate consistent revenue by integrating giving into everyday business transactions rather than relying solely on direct donations.

You can connect with Gregg Garfield.

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