Case Study: McLEAR enables fee-free charitable donations with Thredd

McLEAR enables fee-free charitable donations for 100,000+ Ringholders with Thredd

McLEAR, a pioneer in wearable payment technology, sought a solution to enable charitable donations through its smart ring without any transaction fees being deducted. The challenge was to ensure that 100% of a donation would reach the nominated charity, which required navigating the financial and technical hurdles of processor fees. They partnered with the vendor Thredd to find a way to achieve this.

In a collaborative effort, Thredd implemented a solution that allowed McLEAR to launch its RingPay Giving feature. This made McLEAR the first wearable paytech brand to offer fee-free donations. As a result, over 100,000 Ringholders can now support charities directly, extending the programme's financial inclusion and social responsibility.

McLEAR