Fintech meets sport: Sporting Chance Prize Draw partners with Volt
London, 15th March 2023: Sporting Chance Prize Draw, a UK-based not-for-profit organisation striving to bring together the sporting community and charities across the country, has partnered with leading global payments gateway Volt to bring faster, simpler and more secure payments to its community and donors.
Volt’s open banking solution will enable Sporting Chance Prize Draw to attract contributions from donors via real-time account-to-account payments, fast forwarding the payment process for participants across the UK.
Established in 2021, Sporting Chance Prize Draw was created to raise funds for UK-based charities, working with individuals, clubs and businesses from the UK’s sporting community to secure amazing prizes. Founded with the overarching ambition to ensure that 100% of the money raised via its prize draw goes to the chosen charities, Sporting Chance Prize Draw now supports 30 UK charities, including Future for Heroes, London Sport, Switch the Play Foundation, The Wave Project, School of Hard Knocks and The Childhood Trust.
Sporting Chance Prize Draw’s annual prize draw is underway and will close on the 31st of March. This year, the organisation is working with its charity partners with an aim of raising a six-figure fundraising total. In 2023, the organisation has doubled the number of outstanding prizes that are in play: 80 sporting prizes await the lucky winners. Participants can enter the draw with a minimum donation of just £10, and be in for winning a sporting prize of their choice, including a chance to experience the Paris Olympic Games with Team GB, a skiing weekend in St. Moritz, Switzerland, a flight experience with Scotland rugby players, or tickets for a Queens Park Rangers home game.
Simplifying the payments process for donors was central to Sporting Chance Prize Draw’s goal to double its impact in 2023. Volt’s real-time, account-to-account payments gateway delivers on that crucial requirement, removing friction during the payments process and improving conversion: from good intentions to actual donations.
Volt harnesses open banking, a regulatory framework that enables consumers and businesses to pay directly from their bank accounts, authorising their payments securely via APIs deployed by Third Party Providers (TPPs) such as Volt. Volt’s intelligent payments platform creates a flexible and scalable solution, delivering a seamless payments experience for Sporting Prize Draw and its donors.
Contributions are collected online, with a minimum amount of £10, and every penny raised will be donated to the 30 chosen charities. The winners will be drawn soon after the Prize Draw closes on the 31st March, and winners will be notified via email.
“We are all sports fans committed to making a positive difference for small charities in the UK. In the early days of lockdown 2020, we started by wanting to help a couple of small UK charities and we launched the first Sporting Chance Prize Draw in March 2021. Every penny raised goes to charity, because all of our administration costs are underwritten by private individual contributions or, as we get bigger, through corporate sponsorship. The Prize Draw is only possible because of our small team and those who kindly give us their time and support – organisations and people like Volt and its stellar team,” says Simon Jacot, Founder at Sporting Chance Prize Draw.
“We continue to see huge potential for transformation in the payments sector and for organisations everywhere, including not-for-profit, to securely receive real-time payments via one seamless experience. We’re proud to support Sporting Chance Prize Draw, a not-for-profit organisation whose values align very closely with ours. Volt will provide the payment solution to enable contributions from donors and participants, but additionally we have also pledged to cover any payment transaction costs not covered by the donors. We see this commitment as an extension of our mission as a business, which is to create ultimate payment freedom for everyone, everywhere,” says Matt Komorowski, Chief Revenue Officer at Volt.