In 2005 when John Pitzaferro, TransNational’s CEO, approached his home church with an offer to give them credit card processing services for less than his costs, he was met with skepticism and disbelief. Upon analysis, those leaders found that John’s offer would save them $70,000 a year!
The experience with how much his church was being charged from their prior processor weighed heavily on John and the rest of the leadership team at TransNational. They became increasingly concerned that the profits being gleaned from credit card processing fees was taking away from money that could be used in ministry.
In 2008, while at a church service, John heard the speaker tell the story of a man whose business was drilling wells. In the winter months, when drilling ceased in the Midwest area of the US, this man took his business to Africa and drilled wells for free. The story profoundly impacted John. He realized that his well was payment processing. In 2009, John officially launched “My Well Ministry”.
Today this ministry is serving hundreds of churches and 501c3 nonprofits across the country. Since its inception, it has provided savings in excess of $18,000,000, freeing up much needed capital that has been used for ministry and kingdom purposes. Interested organizations should contact our Ministry Director, Carolyn Irwin, to see how “My Well Ministry” can serve them.