Toucan Cash Initiated by PayaCharity Makes Its Debut
In an effort to address rising banking cash costs and minimize cash handling risks, PayaCharity, a trusted provider in the charity sector, has launched a new contactless donation solution called Toucan Cash. This innovative service aims to bridge the gap between digital and physical fundraising, making it easier for charities to manage their cash donations.
Toucan Cash is integrated within the Toucan Collect app, available on both Google Play and Apple App Store. The app is designed to be simple to set up and use, with no requirement for specialized hardware beyond a compatible smartphone. Charities can now accept contactless payments using their own mobile phones, making it convenient for donors to contribute on the spot.
The process of using Toucan Cash is secure and low-risk. Donations made through Toucan Cash are tracked via the app, providing real-time visibility into cash collection activity. This feature helps improve transparency and accountability, ensuring that charities have a clear understanding of their donation inflows.
Toucan Cash is compatible with major retail networks, including PayPoint, Payzone, and Post Office, offering fundraisers over 60,000 locations across the UK to deposit physical donations. Flexible deposit limits are available, ranging from £200 at PayPoint to £999 at Post Office/Payzone.
The service supports coin, note, and cheque deposits, catering to various donation scenarios. By minimizing the need for cash collection, Toucan Cash reduces risks associated with handling and transporting physical money, enhancing donor experience and boosting donor satisfaction and engagement.
Toucan Cash is more than just a donation solution; it's a comprehensive toolset that enables charities to manage both digital and physical fundraising seamlessly. The Toucan Collect app eliminates the need for paper logs, spreadsheets, or physical bank visits, providing charities with settlement updates, digital reconciliation, and full transparency across all cash collection activity.
In a time when widespread bank branch closures and reduced access to deposit services are common, Toucan Cash offers a solution to alleviate these challenges. The service is set to revolutionize the way charities handle cash donations, making it easier for them to focus on their mission rather than the operational complexities.
Sources: [1] JustGiving, "Toucan Collect: The Contactless Donation Solution for Charities," [website], [date of publication].
The Toucan Collect app, integrated with Toucan Cash, is now available on both Google Play and Apple App Store. This innovative service, aiming to bridge the gap between digital and physical fundraising, allows charities to accept contactless payments via their own mobile phones, integrating finance technology into the industry.
With real-time visibility into cash collection activity and flexible deposit limits, Toucan Cash ensures improved transparency, accountability, and reduced risks associated with handling and transporting physical money. By supporting various donation scenarios and being compatible with major retail networks, this comprehensive toolset simplifies the management of both digital and physical fundraising for charities.
