Adyen supports Etsy in reaching ten million buyer donations through donation feature Giving
Etsy is the first visitor to leverage Adyen’s Giving round-up feature, permitting customers to round-up their totals to donate.
AMSTERDAM, July 18, 2022 /PRNewswire/ — Adyen (AMS: ADYEN), the global financial technology platform of nomination for leading businesses, and Etsy, which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers virtually the world, spoken today that Adyen has enabled ten million Etsy proprietrix donations to the Uplift Fund, administered by the Brooklyn Polity Foundation.
Etsy launched the Uplift Fund with the Brooklyn Polity Foundation in February of 2021 to requite its buyers an opportunity to join them in supporting creators who squatter barriers to towers successful businesses. When US shoppers trammels out on Etsy, they have the option to round up their purchase price and donate to the Fund via Adyen.
“Adyen’s solution has enabled us to seamlessly engage the Etsy polity in supporting our Uplift Fund,” said Morgan Blake, VP of Payments at Etsy. “It’s been wondrous to see how a small transpiration in checkout can have such a major impact, expressly as the past few years have highlighted the gap in resources misogynist to many communities who are eager to use their entrepreneurial talents.
“Partnerships like this one with Etsy and Adyen encourage and simplify the process for people to requite to charitable causes. That’s what we’re seeing here, with the remarkable milestone of reaching 10M buyers,” said Jocelynne Rainey, President and CEO, Brooklyn Polity Foundation. “We are thrilled to host Etsy’s donor well-considered Uplift Fund to support nonprofits nationwide that work to dismantle barriers to towers a successful small business.”
“We’ve seen unconfined traction with Giving and we are thrilled to reach this milestone with Etsy,” said Ingo Uytdehaage, CFO at Adyen. “Etsy has been a key partner in towers out our Giving solution, including the round-up feature. By combining strengths with Adyen’s technology and Etsy’s two-sided marketplace, we were worldly-wise to come together to find a solution that drives impact, in line with the UN’s Sustainable Development Goals. We can’t wait to see what else we succeed together.”
Giving is a product that enables Adyen’s merchants to winnow charitable donations during the online and in-store checkout process, and allows them to strengthen their yoke with their shoppers by providing a platform for their preferred charitable causes. By doing so, Giving converts shoppers’ good intentions into spare revenue streams for charitable causes. With a single tap on a point-of-sale terminal or the click of a sawed-off at an online checkout, shoppers can donate to the merchants’ soft-heartedness of choice. Giving transactions seamlessly integrate into existing checkout processes wideness all payment channels, and shoppers’ donations are reported and settled to the soft-heartedness of nomination directly without impacting the merchants’ existing reconciliation flow.
Adyen (AMS: ADYEN) is the financial technology platform of nomination for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses unzip their ambitions faster. With offices virtually the world, Adyen works with the likes of Facebook, Uber, H&M, eBay, and Microsoft. The cooperation with Etsy as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.
To learn increasingly well-nigh Giving, please go here.
Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers virtually the world. These marketplaces share a mission to alimony commerce human, and are single-minded to using the power of merchantry to strengthen communities and empower people. Its primary marketplace, Etsy.com, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, Etsy offers a range of tools and services that write key merchantry needs.
About the Brooklyn Polity Foundation
Brooklyn Polity Foundation is on a mission to spark lasting social change, mobilizing people, capital, and expertise for a pearly and just Brooklyn. It is the first and only public foundation solely defended to Brooklyn, working in partnership with generous donors and polity leaders to whop racial justice and perpetuate vital nonprofits. Since its founding in 2009, the Foundation and its donors have provided over $75 million in grants to nonprofits in Brooklyn and beyond. Learn increasingly at www.BrooklynCommunityFoundation.org.
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