Visa, American Express Post List of Fee-Free Credit Card Donation Sites
Credit card donations to Haiti relief operations may help cash get to the island faster than text donations, as recently reported on CardRatings.com. However, donors can squeeze extra dollars into each transaction by selecting the right credit card and the right charity.

Typically, charities that accept credit cards must pay between two and four percent of pledged amounts as interchange fees to their payment processors. Processors share those fees among clearing banks and transaction networks, covering the costs of moving money from credit lines to charities' accounts. 

Visa and American Express have publicly announced that they will refund their portions of interchange fees collected on behalf of qualifying relief agencies through the end of February. Some charities have also negotiated free or discounted interchange fees from their payment processors, usually disclosing those agreements on their websites.

American Express officials told reporters this week that consumers could monitor a list of charities benefitting from discounted interchange fees. That list has been posted on the website of the U.S. Agency for International Development (USAID).

Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying.


About the Author

joe

Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.