Giving Key

In payment processing, ISO stands for Independent Sales Organization. ISOs are third-party companies that act as intermediaries, connecting merchants with payment processors to enable them to accept electronic payments. They essentially help businesses get set up to accept credit cards and other payment methods, and they may also provide other services like POS systems and software.

Here's a more detailed explanation:

ISOs act as "matchmakers":

They bring together merchants looking for payment processing solutions with acquiring banks and payment processors that offer those services.
They handle the "front end":

While acquiring banks and payment processors handle the actual transaction processing, ISOs focus on onboarding new merchants, providing support, and sometimes even offering equipment and software.
They are authorized to sell services:

ISOs are typically authorized by acquiring banks to sell merchant services on their behalf.
They can be large or small:

Some ISOs are large companies, while others are individual entrepreneurs or smaller businesses.
They are not payment processors themselves:

While some payment processors also act as ISOs, most ISOs don't handle the technical details of processing transactions.

A 501(c)(3) is a designation given by the Internal Revenue Service (IRS) to nonprofit organizations that operate exclusively for exempt purposes and do not distribute profits to private individuals or shareholders. These organizations are exempt from federal income tax, and donations to them are generally tax-deductible for donors.Key Facts about 501(c)(3)

Organizations:

Tax-Exempt Status: These organizations do not have to pay federal income taxes on donations or most revenue related to their charitable purpose.
Donations are Tax-Deductible: Donors can often deduct contributions to 501(c)(3) nonprofits on their personal tax returns.
Purpose Requirements: To qualify, the organization must be organized and operated exclusively for purposes such as:
- Charitable
- Religious
- Educational
- Scientific
- Literary
- Testing for public safety
- Fostering national or international amateur sports competition
- Preventing cruelty to children or animals
No Profit Distribution: Profits cannot benefit private individuals or shareholders.
Restrictions on Political Activity: 501(c)(3) organizations cannot participate in political campaigns and have strict limits on lobbying.

Benefits of 501(c)(3) Status

Federal tax exemption for most income
Tax-deductible donations for donors
Eligibility for grants from foundations or government agencies
Discounted rates on services like postage, software, and advertising (e.g., Google Ad Grants)
Credibility and trust from the public

Scope and Objective

Giving Key and Giving Key App provides ISO's and their Merchant Clients the ability to donate Credit Card residuals to 501c3 Non-Profit Organizations, by allowing them to select from a library of Non-Profits available in the App. Non-Profit organizations may register at the onboarding portal, by providing their Tax-ID credentials and stated business profile, then submitting for approval. Additionally, ISO's may extend an invitation link to onboard with Giving Key to their Merchant clients. At the Onboarding Portal, approved Merchants and 501c3 partners will need to establish a Stripe account, in order to send or receive residual donations.

ISO Partners will also need to establish new Stripe account credentials, in order to reflect available balances, and facilitate the residual donation transfers. Residual balances made available for donation by Merchants will be demonstrated in the Giving Key App dashboard. The ISO Admin dashboard will reflect merchant client residual balances, account history and activity, and new account onboarding status. The ISO admin dashboard will also contain Terms and Conditions, Pricing Tiers and Privacy disclosures, agreed to at account opening by the ISO. All new account applications are subject to terms and approval by Giving Key.

Mission and Purpose

It is the Mission of Giving Key to provide a B2B platform for 501c3 charitable organizations to receive donations directly from merchants, using credit card residuals made available by the ISO Partners. Completion of this process is facilitated using the Giving Key App and the ISO Admin dashboard, which includes Stripe account functionality. To receive donations, 501c3 partners must also confirm Stripe account functionality. All Stripe terms and account conditions apply. It is not the purpose of Giving Key to provide payment processing services to end user merchants.

Top-Up Functionality

Regarding Top-Up Functionality, should Individual Merchant Partners (Individuals) wish to make additional donations, using a personal credit or debit card. This process can be accommodated using the donate/shopping cart link, provided by the 501c3 Organization at onboarding. Account onboarding requirements and 501c3 credentials are provided in the application process, and submitted for approval by Giving Key. This includes a link for Top-Up donations, should one be available.

Directory 501C3

Logo	Organization	Cause
	HP First Star	Schools and Community
	Testing Charity	Community and Economic Development
	Caring Compass	Sports and Recreation
	Amit Nbt Merchant	Philanthropy

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