#Ecosia tree card license
#Ecosia tree card free

The trees are monitored closely using satellite technology and field visits, and are only counted if they survive for more than three years. Each card has a unique grain and is made from sustainably sourced cherry wood. 80 of profits invested into reforestation and the environment.

#Ecosia tree card free

Ecosia doesn’t plant monocultures or invasive non-native species. TreeCard is the free Mastercard that reforests the planet as you spend. They said 80% of the profit that TreeCard makes will be reinvested in Ecosia’s existing 38 reforestation projects located around the world. But what makes Ecosia different is that they want to build an Earth where the environment does not need to be protected. It is equivalent in function to a search engine such as Google. This may be the first time you've heard about Ecosia, but it's been 11 years since the company was founded in 2009. Ecosia is Treecards mother company and will be working very closely with them as they grow. At this time, Ecosia plans to send the green debit card to its customers in early 2021.The green search engine, Ecosia, has recently announced that it has bought a stake in TreeCard, the world’s first wooden debit card. If you want to support the environment with your debit card in the future, you can sign up for your wooden Treecard. You also have the option of having your debit card blocked in case of fraud. A possible candidate would be Solarisbank, which also supports projects such as Tomorrow or Trade Republic.Īll deposits are protected up to an amount of USD 250,000. I add funds from my primary bank over the next few days and make a few minor purchases. 11/19/21 - I receive my Treecard by mail and email support to activate the card 11/22/21 - Treecard activates my card. This means that the Treecard is based on established and secure structures.įor the European market, a banking partner is currently still missing. 11/11/21 - I'm told that my account has been approved and that I need to contact support once I receive my card to activate it.

#Ecosia tree card license

As a partner for the Treecard, Ecosia has Mastercard as a card partner and Synapse as a financial partner with a banking license on board. This question can be answered quickly and briefly: Yes. In concrete terms, this means that Ecosia will plant a new tree for every 50 euros you pay with the Treecard. Please don't increase your spending just to plant more trees. We encourage you to use Treecard for your everyday spending (groceries etc). All consumption comes with an environmental cost. Treecard helps to minimize the damage of spending.

In the case of the Treecard, 80 percent of the revenue generated is invested directly in Ecosia’s tree projects. Ecosia manages all of Treecard’s reforestation projects. Backed by the eco-friendly search engine Ecosia, TreeCard is releasing a. The issuing bank receives the fee from the merchant. Leaning into this desire is TreeCard a debit card made of sustainably sourced. These are the fees that retailers and banks have to pay for using a debit card. The Treecard earns money through so-called interchange fees. While other card providers rely on (attractive) cashback systems, Ecosia supports nature. Our first product, TreeCard, is a free top-up debit card that puts. Customers in the UK and Germany should also soon be able to enjoy the card.įor the cooperation, Ecosia is taking a stake in the British fin-tech company of the same name, Treecard – both financially and commercially, and with appropriate marketing measures. Were powered by Ecosia, the search engine that plants trees with 15M monthly active users. The Treecard has been available in the USA since October 15, 2020. TreeCard isn't a corporate marketing ploy or a profit-first business: 80 of profits go towards Ecosia tree-planting projects.

We will use that fee to plant trees for you. This is a standard fee paid by merchants (online/physical stores) to accept card payments. This is exactly what the green search engine Ecosia has done. TreeCard is a Visa card which makes money from something called ‘interchange’. So there is no better time to launch a new debit card. One of the reasons for this is that fewer stores – especially smaller ones – accept cash. To avoid unnecessary contact and reduce the risk of infection, more and more people are turning to (contactless) payment by debit card.

But the global corona pandemic has actually changed this attitude. For decades, coins and bills in our wallets were the only true means of payment in Germany. No matter what happened: Germans loved cash. By searching with Ecosia, you’re not only reforesting our planet, but you’re also empowering the communities around our planting projects to build a better future for themselves. Because the green debit card allows you to plant trees and strengthen nature with every payment. Ecosia uses the ad revenue from your searches to plant trees where they are needed the most. The Treecard of the green search engine Ecosia is nevertheless a special feature. Debit cards are becoming increasingly popular as a means of payment in Germany.