No credit card charges on Red Nose donations

Leading credit and debit card issuers have agreed to waive their processing charges on all charitable contributions made using plastic during Friday's Comic Relief Red Nose Day.

Leading credit and debit card issuers have agreed to waive their processing charges on all charitable contributions made using plastic during Friday's Comic Relief Red Nose Day. The agreement is an extension of a deal agreed among card issuers in response to the Boxing Day tsunami disaster. In January, leading banks, building societies and credit card providers said they would waive the charges usually made on plastic transactions for donations to tsunami appeals.

That move followed criticism of the financial services industry, which would have otherwise earned significant sums from charitable donations made in response to the disaster. Charities such as British Red Cross and Save the Children faced bills of up to £300,000 for processing fees, enough to provide drinking water for 420,000 people.

Card providers charge fees of between 1 per cent and 2.5 per cent each time plastic is used in a transaction. The fee is paid by the organisation receiving the payment. The money covers the cost of processing the payment electronically and guaranteeing the funds.

Apacs, the body that coordinates Britain's card settlement systems, said the latest agreement meant charities would not have to pay anything on donations made through the Comic Relief appeal.

"The response from the British public to the tsunami in South-east Asia has been amazing," said Sandra Quinn, a director of Apacs. "The waiving of charges on donations has boosted the amount that charitable groups can spend. The card industry will extend its waiver on card charges to charities involved in the forthcoming Comic Relief Red Nose Day."

However, Apacs rejected calls to make all charitable donations made using debit and credit cards fee-free. It said exempting tsunami donations from charges had cost the industry about £1 million.

Cardholders had donated £100 million in January to the central Disasters Emergency Committee and other charities working with victims of the tsunami. The average donations made were £77.55 by credit card and £49.24 by debit card, Apacs said.

Leading charities urged donors to remember to use Gift Aid when giving to Comic Relief. The tax break, worth 28p in the pound to charities, is available on all gifts made by UK taxpayers, but is often forgotten.

Finacial products from our partners
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    Recruitment Genius: Mortgage Advisor - OTE £95,000

    £40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...

    SThree: Trainee Recruitment Consultant

    competitive: SThree: Are you passionate about sales?Do you have a keen interes...

    Recruitment Genius: Loan Adviser - OTE £30,000

    £17000 - £30000 per annum: Recruitment Genius: This is an exciting opportunity...

    Recruitment Genius: Sales Assistant / Buyer

    £15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

    Day In a Page

    Greece debt crisis: EU 'family' needs to forgive rather than punish an impoverished state

    EU 'family' needs to forgive rather than punish an impoverished state

    An outbreak of malaria in Greece four years ago helps us understand the crisis, says Robert Fisk
    Gaza, a year on from Operation Protective Edge: The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas

    Gaza, a year on from Operation Protective Edge

    The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas
    How to survive electrical storms: What are the chances of being hit by lightning?

    Heavy weather

    What are the chances of being hit by lightning?
    World Bodypainting Festival 2015: Bizarre and brilliant photos celebrate 'the body as art'

    World Bodypainting Festival 2015

    Bizarre and brilliant photos celebrate 'the body as art'
    alt-j: A private jet, a Mercury Prize and Latitude headliners

    Don't call us nerds

    Craig Mclean meets alt-j - the math-folk act who are flying high
    How to find gold: The Californian badlands, digging out crevasses and sifting sludge

    How to find gold

    Steve Boggan finds himself in the Californian badlands, digging out crevasses and sifting sludge
    Singing accents: From Herman's Hermits and David Bowie to Alesha Dixon

    Not born in the USA

    Lay off Alesha Dixon: songs sound better in US accents, even our national anthem
    10 best balsamic vinegars

    10 best balsamic vinegars

    Drizzle it over salad, enjoy it with ciabatta, marinate vegetables, or use it to add depth to a sauce - this versatile staple is a cook's best friend
    Wimbledon 2015: Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

    Brief glimpses of the old Venus but Williams sisters' epic wars belong to history

    Serena dispatched her elder sister 6-4, 6-3 in eight minutes more than an hour
    Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

    Greece referendum

    Greeks say 'No' to austerity and plunge Europe into crisis
    Ten years after the 7/7 terror attacks, is Britain an altered state?

    7/7 bombings anniversary

    Ten years after the terror attacks, is Britain an altered state?
    Beautiful evening dresses are some of the loveliest Donatella has created

    Versace haute couture review

    Beautiful evening dresses are some of the loveliest Donatella has ever created
    No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

    No hope and no jobs in Gaza

    So the young risk their lives and run for it
    Fashion apps: Retailers roll together shopping and social networking for mobile customers

    Fashion apps

    Retailers roll together shopping and social networking for mobile customers
    The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

    Gaping hole at the heart of the European Union

    Treatment of Greece has shown up a lack of genuine legitimacy