Hidden Costs of Chasing Lower Payment Processing Rates
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MivaCon 2014 Sponsor: PayPal The Hidden Costs of Chasing Lower Processing Rates
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Hidden Costs of Chasing Lower Payment Processing Rates
- 1. THE HIDDEN COSTS OF CHASING LOWER PROCESSING RATES BOB ANGUS, PAYPAL
- 2. How do we get paid? How much does it cost?
- 3. The Logic Minimize fees = Maximize profits
- 4. What’s in your wallet?
- 5. Hidden Costs • Qualified vs. Non-Qualified • Switching costs • Operational costs • Customer service
- 6. The Solution • Simple, flat rate • Easy integration • Trust
- 7. “I Saved Tens of Thousands Per Year” +
- 8. Summary The Problem • "Too good to be true" scenarios mean more work in the long run • The effective fee rate is higher than advertised rates • Switching between vendors is disruptive to the business The Solution • Fees are low, predictable, and easy to understand • One of the internet's most trusted and secure payment platforms • Seamless integration with Miva
- 9. Thank You! Grab the Case Study here: www.mivamerchant.com/scottevest-case-study facebook.com/PayPalforBusiness @PayPal4Business