How much can my organization make through the Compass For Your Cause program?
While every organization is different, here's a sample of how easily the money can add up.
The Main Street Cancer Society recently began a Compass For Your Cause relationship and encouraged 100 members to join. Each member makes an average of $500 worth of qualifying check card purchases per month. How much does their organization make in one year?
|$50 x 100 members =||$5,000 initial royalty payments*|
$500 (in qualifying purchases)
x 100 members
x 12 months x .25% =
|$1,500 Additional Royalties|
|Total||$6,500 for your organization!|
*Accounts and check cards subject to approval. $25 minimum opening deposit required. Organization member must make 5 transactions (deposits, checks, online bill payments, ACH transactions or check card purchases) within first 60 days of opening the checking account in order for the organization to qualify for royalty payments. Organization member must be a resident of AL, AZ, CA, CO, FL, NM or TX and must be at least 18 years of age (19 in AL) to qualify.
† Royalties will begin accumulating immediately upon opening of a new checking account. Accumulated royalties will be deposited into the organization's Compass checking account 60 days after opening of organization member account. After the initial deposit, royalties from checking accounts will be deposited into the organization's account on a monthly basis.
†A "Qualifying Purchase" is any signature-based purchase, Internet purchase, phone or mail-order purchase, bill payment, contactless purchase (purchases made by holding your Visa card or other device up to a secure reader instead of swiping your card), or small dollar purchase for which you are not required to sign, made with an enrolled Visa card, which is processed or submitted through the Visa U.S.A. Inc. payment system. A Qualifying Purchase does not include a purchase made using a Personal Identification Number (PIN) or purchase you initiate through identification technology that substitutes for a PIN.
Compass assumes no tax liability for royalties earned or paid under the Program. Organization shall solely be liable for any tax consequences of or in connection with their participation in the Program. Compass gives no warranty and accepts no responsibility as to the ultimate treatment of any potential tax on royalties paid under the Program.
Organization must be approved and enter into an "Affinity Card and License Agreement" Program subject to terms and conditions of Agreement.