Collection Pot Launches Real-Time Pay-Outs

Collection Pot have launched the first digital group collecting solution in Europe to incorporate both Visa Direct and Mastercard Send, enabling rapid disbursement of funds to family, friends, colleagues and charities.

This adoption further enhances Collection Pot as an innovative proposition making it easy for remotely located teams to get involved in collections for their colleagues, knowing there is a secure redemption option.

Donations can be added from anywhere at any time. And now there’s a new way for beneficiaries to receive funds collected on their behalf. In addition to a broad range of gift cards and e-codes, beneficiaries can also receive funds directly into their bank account in real-time.

Wendy Carter, CEO and founder of Collection Pot said “Collection Pot is among the first of the group collecting platforms to globally adopt pay-outs via both Visa Direct and Mastercard Send. Launched at a time when families and friends couldn’t be together, colleagues were working remotely, and the need for charities and community organisations was bigger than ever, being able to quickly send funds really added value to our users”.

Amanda Mesler, CEO at Cashflows, said: “As a result of the Coronavirus, many more people have become reliant on digital payments. We’re pleased to partner with Collection Pot to be at the forefront of making remote, digital group collecting platform a reality for both collectors and recipients”.

So, whether it’s a birthday, wedding, new arrival, charity or community event, Collection Pot makes group collecting simple and fun. Creating a personalised Collection Pot takes minutes and is free to set up. It’s so easy to share the link with family, friends and colleagues to start building your collection.