They bring together merchants looking for payment processing solutions with acquiring banks and payment processors that offer those services.
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.
ISOs are typically authorized by acquiring banks to sell merchant services on their behalf.
Some ISOs are large companies, while others are individual entrepreneurs or smaller businesses.
While some payment processors also act as ISOs, most ISOs don't handle the technical details of processing transactions.
Merchant Partners, download the Giving Key App, select the merchant account portal, onboard your business entity, view your available residual account balances on the dashboard, select your cause, transfer your donation. It's that simple!
Individual Merchant Partners, you can increase your donation at your discretion with our Top Up feature, which allows you to designate additional funds using the payment method of their choice. Onboard your account information at our Top Up portal, select the desired organization or cause from the 501c3 library, execute your donation!
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.
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
Our platform allows ISO and Merchant partners to designate Credit Card residual dollars to the charitable organization of their choice. Select from both Local and National causes, available in our extensive, and expanding 501c3 library.
Merchant Partners, download the Giving Key App, select the merchant account portal, onboard your business entity, view your available residual account balances on the dashboard, select your cause, transfer your donation. It's that simple!
ISO Partners, download the Giving Key App, select the ISO Subscription Account portal, action your preferred plan, launch your Admin dashboard on the website, invite your merchants to participate with the Giving Key App!
501c3 Partners, download the Giving Key App, select the Create Charity Account portal, onboard your organization and create your online profile to appear in our library, start receiving your donations! Participation is free, there's no charge for visibility on our platform.
Individual Merchant Partners, you can increase your donation at your discretion with our Top Up feature, which allows you to designate additional funds using the payment method of their choice. Onboard your account information at our Top Up portal, select the desired organization or cause from the 501c3 library, execute your donation!
Merchant processing enables businesses to accept credit cards, debit cards, and other digital payment methods from customers.
It provides the infrastructure and tools to facilitate secure online and offline transactions, ensuring the protection of customer data.
Merchant service providers handle the technical aspects of processing payments, including authorization, clearing, and settlement.
The payment processor facilitates the transfer of funds from the customer's bank account to the merchant's account.
Businesses typically pay fees to the payment processor for their services. Merchant processing statements provide detailed information about transactions, sales, and fees.
Merchant services sales reps (or ISOs) sign up businesses to use credit card processing services.
The more businesses a sales rep brings on, and the higher the volume of transactions they process, the greater the residual income.
A portion of the fees each client pays for credit card processing is allocated to the sales rep as their residual.
Residual income is typically paid monthly, as long as the clients continue to use the processing services.
ISO merchant processing clients can now select from our suite of non-profit 501c3 organizations to receive a donation, directly from the merchant residual account balance. This streamlined and turn-key approach is available to any merchant of participating ISO processors.
Merchants of any size, that accept credit card transactions, are eligible to donate, to the organization they designate.
The Giving Key platform is open to any registered 501c3, in any market, in any US domicile. The Giving Key provides a dashboard, showing the residual account balance, available to donate; and a full library of participating non-profit organizations. Once the 501c3 entity is selected, the merchant confirms the amount, and transaction is executed. Giving Key then generates a receipt, and sends a notice to the organization.
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.
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.
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.
| Logo | Organization | Cause |
|---|---|---|
|
Sierra Bravo | Planet |
|
Sample XYZ | Sample |
|
Hunger Busters | Childhood Hunger |