PM

Patrick Mayerhofer 🔸

Social Entrepreneur @ GoodWallet and Stealth
120 karmaJoined Working (0-5 years)Dublin, Ireland
thegoodwallet.org/login

Bio

Participation
1

I did my PhD in Health Technology and Data Science in Vancouver and am now looking for opportunities to increase my social impact. I recently graduated from AIM's Founding to Give program, where we aim to increase our impact by building a for-profit company and pledging to donate parts of the exit value. 

 

How others can help me

I co-founded the Good Wallet, the buy me a coffee of charitable givings. Please donate into my Good Wallet and sign up for your own shareable Good Wallet. Let me know if you have any feedback. 

https://thegoodwallet.org/support/patmorli

How I can help others

I can reach out for questions about data science, building simple AI algorithms, and optimizing workflows. 

Comments
16

Unfortunately, we are currently bound to general paypal transaction fees, which depend on region, card type, and so on, and are a bit too high to make a $2 dollar payment worth it. But once we are a non-profit, we will have access to other, much cheaper options.  

Thanks for consistently using the GoodWallet and giving us so much helpful feedback all the time @Christoph Hartmann 🔸 :) 

Hi Johannes! Thanks for the bug report, we are working on resolving that issue! I will reach out personally if I need more info. 

And thanks for also underlining the importance of tax efficiency. It is something where we are actively exploring options. Unfortunately, it will take a while until we can find a solution that we can implement. But there are some potential solutions in the works at the moment :) 

As a graduate from the Founding to Give 25' cohort, I would highly recommend anyone to look into this program. Not only did I learn a massive amount about building and growing a business, but also about how to think about a life with impact in general. 

Amazing post Trish! 🚀

Thanks Rakefet! I listened to the NotebookLM, super cool haha. I will share this with our users if that's cool with you ;) 

And I agree with all your comments. We will be working on adding these features in the app and hopefully also on the landing page soon!

Hopefully we will soon see people sharing their links and QR codes on their pages. If you have any other ideas on how to incentivize people to do so, please reach out to me! 

This could be a great use for a GoodWallet API integration! 

There are multiple pathways that we can go, once we can't afford the transaction costs anymore. And I am looking forward for that problem to have ;)

We are currently paying standard PayPal transaction fees, but that will soon change when we implement a more cost effective payment processor. Some options for covering the transaction costs would be:

  • Allow users to donate a percentage of their payment directly to the GoodWallet and educate/visualize how much would be the minimum to cover fees. That is a common solution of many non for-profits.
  • Put the money that temporarily sits in someone's GoodWallet account before being donated into a savings account. This will generate extra cash through interest and could potentially cover fees. 

These are just some options, but we will consider options in more detail when we hit that roadblock :) 

Totally agree! It was easiest for implementation at the moment to go with one currency. We will soon add other currencies to make it easier and more user friendly for people from different parts of the world :) 

Thanks Karam for the support! 

For sure, eventually corporate partnerships would be super cool to consider. The use of the API as Benjamin lays it out above could go into that direction! 

This is amazing. I believe that it is important to get charity entrepreneurship-like projects going in many places around the world to build the best, most cost-effective charities with talent that is accustomed to local languages, cultures, and so on. I hope many people in the global north will spread the word as financing will be super important to keep this going. It won't be perfect from the start, but if it gets the necessary time, rigour, and financial support, it can become super effective. 

Great stuff Verónica! 

Thanks SK!

Amazing idea! That might help us improve the UX design! 

Load more