My Well Ministry
In 2005, John Pitzaferro CEO of TransNational Payments, approached Willow Creek Community Church, 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 Willow was being charged from their prior credit card processor weighed heavily on John and the rest of the leadership team at TransNational Payments. They became increasingly concerned that the profits being gleaned from credit card processing fees was taking away from money that could be used in church ministry.
In 2008, while at a church service, John heard Bill Hybels 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, My Well Ministry is serving hundreds of churches and 501c3’s across the country. Since its inception, it has provided savings in excess of $13,500,000, freeing up much needed capital that has been used for ministry and church community work.