Processing Fees on Credit cards waived off for Haitian Donors

Betsy Markey has requested the credit card companies to wave off the processing fees when the donors pay by their credit card for the Haiti relief funds. Credit card companies take 3% of the transactions made by your credit card even for charity donations but by this effort of removing the processing fee more people will be urged to join hands in the relief fund.

This Fort Collins Democrat Betsy Markey wrote a letter to the heads of the major credit card companies and then American Express announced that it would repay fees to about 65 collecting money for Haiti Relief.  Similar step was taken by American Express and a number of credit card companies for the 2004 Tsunami relief.

The amount of money that the credit card companies make with the charity donators is whopping and if this kind of money reaches people in need then that’s the best thing. Markey emerged as a leading congressional critic of credit card companies to levy processing fees on donations and is still fighting to wave it off for the well being of the survivors.

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Processing Fees on Credit cards waived off for Haitian Donors

International Aide for Haiti

The Haiti earthquake was one of the most disastrous earthquakes in the history of mankind; it has destroyed a number of houses and taken a number of lives. Some families are still looking for their family members in that tense situation.
Organizations all around the world are joining hands together and making an effort to help this nation and its survivors. If you want to help them there are a number of charity appeals on the internet which will help you help those unfortunates.

One of the most important appeal is on Twitter from Yele which is the charity set up by the Haitian rapper Wyclef Jean but this works only for the US mobile users, in UK you can find out which are the charity organizers and then contact them and provide your help.

The simplest way of donating is through the Disaster Management Committee which is harmonizing one huge Haiti appeal on behalf of 13 UK charities that includes ActionAid, British Red Cross, Cafod, care International UK, Christian Aid, Concern Worldwide, Help the Aged and many more like these.

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International Aide for Haiti

Recession diminishes Charity by 10%

A survey conducted by some of the charity organizations have found out that the charity has gone down by 10% as the people pulled their hands back due to recession. According to Investec Private Bank around 71% of people said that they donated a good amount of money to many of the relief funds in 2009.

Another survey showed that one among five people said that they had reduced the amount of money they gave for charity as recession was hounding them in a great deal. Investec also said that the fall in income was expected to have been made worse for charities since the returns they are receiving are very low in deposit accounts. Charities normally hold around 15% of their assets in cash.

Charities like other sectors have suffered the harshness of recession and a drop in donations is affecting many of the organizations to carry pout their good work said Jack Jones of Investec Private Bank. To solve this problem many of the deposit accounts are also offering terrible interest rates so it is crucial that they shop around for accounts that will give them a good return.

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Recession diminishes Charity by 10%