It used to be common thinking that business and charity were mutually exclusive. Business was business, and charity was charity. Times have changed, and now many business owners are looking for more creative ways to impact their communities through their businesses.
Wyatt Worden is one such business owner. He had a vision to turn everyday buying and selling into passive revenue streams for nonprofits around the world. And since 2015, his company, Telos Payment Processing, has been doing just that. With Telos, a company can convert a portion of their credit card processing fees – a “necessary evil” of doing business these days – into a passive stream of support for the nonprofit of their choice, all without paying a penny more.
In response to the pandemic-induced surge in demand for contactless payment solutions, Worden began building TelosPay, an online payments platform focused on making the payment experience easy and intuitive for both the customer and the business. The most popular feature of TelosPay is one that allows a customer to pay by simply replying “Yes” to a text message sent through the system. On average, business owners get paid 92% faster through TelosPay than other e-invoicing methods.
“We are taking a commonsense approach to alleviating unnecessary friction in the payments process,” Worden says, “and giving away .5% of every transaction at the same time. There’s no catch, no hidden fees, no surprises. It’s just a better way of processing payments that happens to bene t others.”
Worden admits the company has a long way to go to see some of their bigger plans realized, but for now, he’s satis ed with the progress. “More is on the horizon for TelosPay, and we’re excited about the direction we’re headed.”