Two local residents with diverse backgrounds and common interests in social and environmental issues are turning debit card banking fees into a way of helping socially conscious nonprofits through their Washougal-based company, GroundSwell.
Daniel Rubano, of Camas, is GroundSwell’s founder and chief executive officer, while Joseph Graves, of Washougal, is a co-founder and chief experience officer at the company.
The business model behind GroundSwell looks something like this: the company creates custom branded Visa debit cards and offers those cards to their supporters. When people use the debit cards, the transaction racks up money for GroundSwell’s nonprofit partners.
“When (our) supporters buy things using the card, the businesses they shop at have to pay a fee to accept the card payment,” Graves explained. “We share that payment with the nonprofits.”
The GroundSwell program currently works with Metropolitan Commercial Bank, of New York, and three nonprofits — LEAD (Leadership Education and Development), an Atlanta-based organization with a mission of helping youth develop into high achievers and responsible leaders; Life after Hate, a Chicago organization that helps people leave extremist hate groups; and Prospera, an Oakland, California-based organization that partners with low-income Latina entrepreneurs to build collectively owned businesses.