OnePrinceton, a payment system that eliminates merchant credit card fees, launched a new program designed for teens and their parents.
OnePrinceton members can now add additional cards to their accounts.
This feature is designed with local teens and parents in mind. Teens can shop in local stores and restaurants with a OnePrinceton card or smartphone. Parents have built-in safeguards: They set transaction limits, receive alerts each time the card is used and a PIN is required for transactions over $25.
Once parents have activated their additional card, they can send an email or text for teens to load the QR code to their phones.
OnePrinceton director Adrienne Rubin said she uses the program with her son Elian, a seventh grader at John Witherspoon Middle School
“As a parent, I enjoy giving my son the freedom to go to town after school and visit his favorite stores and restaurants without needing to give him cash in the morning,” Rubin said in a statement.
In addition, one percent of each OnePrinceton transaction is donated to a local nonprofit organization.
Launched in October, the payment network keeps money in the local economy by increasing the synergy among local businesses, nonprofits and consumers. OnePrinceton eliminates merchants’ credit card fees. Instead, merchants pay a flat rate of $.05 and agree to donate one percent of each transaction to a local nonprofit of the consumer’s choosing. According to Rubin, the program has saved local merchants approximately $5,600, and has sent over $1,900 in donations to local nonprofits.
More information is online at oneprinceton.com.
