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Monthly PowerPennies |
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Sample PowerPennies CreditCard Statement |
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Monthly Charges $1,001.73 Minimum Payment $131.43 |
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Notes: The above Credit Card Statement shows twenty traditional charges. Fourteen items have coins present. The card issuer follows the cardholder’s instructions and rounds up the fourteen items to the next dollar. A total amount of $7.27 will therefore be created for the cardholder’s selected nonprofit. The routine (as displayed above right) need not be printed in the statement. After the last traditional item (#20) has been processed, the issuer will bill the cardholder for the $7.27 as a donation amount. Issuers who license the rights to offer the PowerPennies program will have the option of billing the customer the $7.27 plus the Minimum Payment Amount OR include the $7.27 in the Minimum Payment Amount. When the cardholder makes the designated payment or pays the monthly charges in full, the card issuer will electronically forward the $7.27 to the EPC Network. Upon receiving the donations, EPC will ACH the net donation directly to the checking account of the respective nonprofit organizations. Return to: PowerPennies CreditCard |
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