Payments with purpose – why CSR is so important

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At Payaro, we’re inspired by helping others, giving something back and making a difference to the world we live in.

Corporate Social Responsibility (CSR) is a massive part of our business.

It not only drives everything we do but also the way we help our customers achieve their own CSR objectives.

We’re passionate about helping people and positively impacting their lives by redirecting financial resources to benefit those who need it most with every transaction we process.

We’re the UK’s first CSR-accredited payment processing provider, and our purpose is to create the most ethical payments company in the industry. We aim to take a proactive approach to CSR while helping our customers to grow.

We’re on a journey and a mission to encourage companies to be more aware of the impact of their business on the rest of society, to create economic, social and environmental benefits for everyone.

But what is CSR, and why is it important not just to us but to each and every business we work with?

What is CSR?

More and more companies are placing great importance on sustainable business practices and CSR to help improve communities, the economy and the environment.

There’s no right or wrong way to go about CSR. Every business is different and will care about different issues and causes.

The point of CSR is to drive corporate change for the better and help businesses gain a better understanding of the impact their practices have on the world around them.

CSR is about taking an approach that contributes to sustainable development and delivers economic, social and environmental benefits.

Society benefits from the positive changes that good CSR brings about, but businesses can benefit too.

Consumers are more likely to work with and trust a brand that has a good track record on CSR. So, implementing a positive CSR strategy can help enhance your reputation, build a more loyal customer base and, ultimately, increase your bottom line.

And employees are also more likely to want to work for an organisation that takes CSR seriously.

CSR makes attracting, recruiting and retaining talent easier and can help build staff morale. This, in turn, leads to a more motivated and productive team, resulting in enhanced customer service and competitive advantage.

Firms are being called upon more and more to report on and showcase their commitment to CSR, which can help when bidding for public and private sector tenders, so it’s something that businesses of all sizes cannot afford to ignore any longer.

What is CSR accreditation?

Payaro is proud and honoured to be the UK’s first payments company to be awarded CSR Accreditation, the global standard for social responsibility.

It is awarded only to organisations that can demonstrate their commitment to integrating social, environmental, ethical, human rights and consumer concerns into their business strategy and operations.

CSR Accreditation provides businesses with an effective way to benchmark their CSR efforts against their peers and competitors, track their progress and plan their future activities.

To achieve it, firms must demonstrate the impact their activities have in four key areas of CSR – environment, workplace, community and philanthropy.

They focus on areas such as energy efficiency, recycling, staff engagement, health and wellbeing, community engagement and supporting charities.

CSR-accredited organisations can use the CSR Accreditation logo for three years to showcase their commitment to – and excellence in – CSR to give consumers, suppliers, customers and staff confidence and peace of mind.

How Payaro can help you meet your CSR objectives

We’re passionate about working with like-minded customers and partners who want to offer hope to society’s most vulnerable.

Our innovative card payment and EPOS technology helps all our customers to make a positive impact with every payment they take. The way it works is simple.

Whenever a customer buys anything using a credit or debit card, a small fee is charged to the business owner. A portion of that fee is automatically donated to one of our charity partners, and we make a donation too.

While the individual amounts are tiny, when they are multiplied by the number of card transactions we process every day, it soon adds up to a considerable amount.

We are currently supporting the Buddy Bag Foundation, a Midlands based charity that helps young children in emergency accommodation after fleeing domestic violence.

It provides children entering emergency care with a backpack containing all the essential items they need, such as toiletries, pyjamas, socks, underwear and comfort items like a book and a teddy bear.

It’s a wonderful cause that we are proud to support. We’re also hoping to connect with several other charity partners in the months ahead.

Get in touch

We work with like-minded customers to help them achieve their CSR goals and give something back with every payment they take. Our ground-breaking technology allows our customers to make a donation of their choice to one of our designated community partners with every transaction.
For a free consultation so we can understand your business requirements and your CSR objectives, get in touch today.