In this episode of Stewardship Leader, Leo Sabo interviews John Pizaferro, founder of My Well Ministry, a nonprofit organization dedicated to helping churches save money on processing fees and reinvest those funds into their ministries. John shares his inspiration for starting My Well, the importance of transparency in financial stewardship, and how their nonprofit model allows for innovative technology solutions that benefit churches. The conversation also touches on the significance of data ownership, the impact of excessive profits in the church giving space, and the eternal return on investment that comes from supporting ministry work.

Key Takeaways:

John was inspired to start My Well after hearing a story about a well-drilling business owner who served God through his work.

My Well helps churches save money on processing fees, allowing them to reinvest in ministry.

The nonprofit model allows My Well to focus on innovation without the pressure of shareholder profits.

Effortless integration and donor migration are crucial for churches to simplify their giving systems.

Customer support is essential for churches transitioning to new giving platforms.

Transparency in pricing and no hidden fees are core values for My Well.

Data ownership is vital for churches to maintain control over their donor information.

Churches need to be aware of the companies they partner with to avoid being taken advantage of.

Excessive profits from church donations can hinder ministry work.

Eternal ROI is defined by the impact of saved funds on ministry and missions.