When cardholders sign up for SwipeGood, each of their credit card purchases is rounded to the next dollar. The additional change added to the charge is donated to a charity of their choice.
The result is a constant, passive giving method that for most users amounts to a donation of about $20 per month (SwipeGood collects about 5% for operational expenses). Though the company isn't releasing specifics, co-founder Steli Efti says that SwipeGood's user base has been "growing substantially every day" since its November launch, despite being restricted by the limited payment options it initially supported.
Today, the company is launching support for the top requested banks: Bank of America, Chase and Wells Fargo. It will also support debit cards and checking accounts for the first time, giving more people the option to donate their change to charity.
SwipeGood is also adding 25 new charities to its previous five options, including ASPCA, Food for the Poor, Kids V Cancer, Invisible Children, and the UCSF Benioff Children's Hospital.