Why do I need to sign an agreement with Givex to use cards I’ve already bought through ABA?
The agreement that was previously signed is with both ABA and Givex and will not be transferable to an in-store program even though booksellers have paid up front for certain services. The 50-cent per card transaction (or service) fee that you paid upfront when purchasing cards, covers the initial activation, and all redemptions and balance checks for the life of the card. It also covers customer service, reporting, and transaction processing. The only other transaction fee that is charged is 25 cents for increment (adding value to an already active card). Increment is currently billed quarterly as used by the bookseller. The new agreement will guarantee certain pricing (to be determined) as well as give Givex the ability to charge for increments and new card orders. Even if you never increment or buy another card, in order to continue to process through Givex, you will need to sign an agreement.
