The cashless system in Circular allows organizations to manage all financial transactions electronically, eliminating the need for cash handling. This includes membership fees, event tickets, donations, and other payments.

Circular utilises the Stripe gateway to securely manage the addition and removal of funds from your digital wallet.

No, Circular does not have an eWallet. Circular is a digital wallet, which, while similar, has some key differences. An eWallet saves card information and is primarily used for making online purchases by automatically filling in your bank details. A digital wallet, like Circular, allows you to securely top up your money to be stored digitally on our platform.

This means your funds are always available to be spent within Circular or at any registered, Circular-approved communities. However, it is not a bank account for storing money. Funds loaded onto Circular are meant to be spent within the application, providing a convenient and secure way to manage your transactions in our ecosystem.

Yes, when setting up your Circular community, you will be informed of the specific fees based on your subscription type. In most cases, Stripe charges $1 per top-up or withdrawal.

Circular supports multiple currencies as allowed by Stripe. The currency options depend on the country of your Stripe account.

Yes, Circular supports recurring payments and subscriptions through Stripe. This is ideal for membership fees, donations, and other recurring charges.

The benefits of a cashless system include:

• Increased security and reduced risk of theft.
• Improved convenience for members and administrators.
• Enhanced tracking and reporting of transactions.
• Reduced administrative overhead.

Encourage your members to switch to electronic payments by providing clear instructions and support. Gradually phase out cash transactions by setting a cutoff date and communicating this to your community.