Posted by: GaryNunezPosted on

Inexpensive ACH Payment Processing

ACH Payment Processing uses substantial prices cost savings versus bank card.

With repeating payments you could expect to pay approximately 2.5% or even more as the overall price. So for every $100 consumer debit you have $2.50 in charges. Reducing your margin by 2.5% can be hard for companies specifically those in competitive commoditized markets.

Contrasted with low-cost ACH Payment Handling that same $100 purchase might set you back a flat 30 cents as an ACH Payment.

So you conserve $2.20 per customer debit. Having 500 consumers all on a bank card costs you over $10k per year greater than a low-cost ACH payment Handling option.

There is a 2nd factor ACH Payments are an attractive option to credit cards.

Second is payment declines or decreases. Allow’s the state we have 500 customers billed using credit cards on a month-to-month basis. Credit card decreases consistently exceed 10% with 15% typical.

Consider the business above invoicing 500 customers. 75 or so decrease leading to an income lack of $7500/month or $90k each year. Sure effort [check out $ expenses] will be made to rebill but you can rely on 2 points: 1-You are most likely to lose profits and also 2-You are going to shed consumers you simply could not gather from.

Contrast this with the ACH world. The number of times in the past 5 years have you altered your bank account? As well as the number of new credit cards? You can see why decline rates are a lot reduced, normally balancing around 2%. 15% versus 2%–a BIG reason why an inexpensive ACH Settlement Handling alternative is a necessity for persisting billers.

When looking for an ACH Handling Solution you must expect to pay no more than 30-40 cents per purchase without any % billed. Look for an ACH Online Incurable that offers reoccurring ACH payment administration.

Contact us with any kind of questions or to get started.

Posted by: BrettTatePosted on

How a Fleet Gas Card Can Help Your Business

Using a fleet gas card can help your company save money on fuel. There are several different options available to choose from, including the Universal Fleet Card and the Comdata Card.

Business Solutions Fuel Card

Using a Business Solutions Fuel Card for your fleet can help you save money and improve your operations. These cards offer discounts and rewards on your gas purchases. Some also offer more sophisticated reporting features to help you manage your fleet expenses. These cards can also help you build business credit.

The BP Business Solutions Mastercard is an excellent choice for businesses with large fleets. This card can offer an average discount of 4.6 cents per gallon, which can add up to big savings. It also offers discounts at over 7,200 fueling stations in the United States. Moreover, it offers fuel tracking assistance.

WEX fuel cards offer the best savings on gas purchases in America. Fleet managers reduce fuel costs when using the cards and also receive discounts on other automotive purchases. Fleet tracking and spending is also enhanced with an online app for better tracking and accounting.

The Chevron Fuel Rewards Card offers a wide array of benefits, including money back rewards on commercial diesel and hotel stays. It also offers discounts on auto parts.

Comdata Card

Whether your fleet is big or small, the Comdata Fleet Gas Card offers competitive discounts and rebates for diesel fuel. The program is accepted at over 15,000 locations. The card also offers online account management, spend controls, and enhanced reporting.

In addition to providing discounted diesel fuel, the card also offers discounts on truck parking, hotels, and prescription drugs. The program also features real-time reporting and a mobile app for easy fuel price tracking.

Comdata is a leading provider of innovative operating technology, payment solutions, and fleet management services. The company has more than 1,300 employees across North America. It offers innovative and advanced fraud detection technologies based on rules-based technology, artificial intelligence, and machine learning.

Comdata’s fraud management detection system uses artificial intelligence to analyze transactions in real time. It then sends fraud alert notices to authorized personnel.

Universal Fleet Card

Unlike the standard gas card, a universal fleet card offers much more flexibility. You can use it at just about any fuel station nationwide. Plus, the card also offers enhanced security. You can track your fuel usage online and receive a report each month. This will make your job as a fleet manager a lot easier.

In addition to providing you with the security you need to protect your company, a universal fleet card may also save you money. Some of these cards also offer rebates on fuel. These rebates may be limited to a certain number of gallons, a certain brand of fuel, or even a specific time period.

Some of the better universal fleet cards offer additional services, such as a regional blocking feature. This feature halts transactions when a thief cannot input the pump codes.

Fuelman’s Saver Cards

Choosing a fuel card is a crucial step in managing your fleet. It can cut down on fuel expenses, provide discounts and rebates, and allow you to set spending limits. Some fuel cards are even available with mobile apps, making it easy to compare prices at your favorite fuel stations.

Fuelman is a US-based fleet card provider. They offer four different types of cards, based on your business needs. Each of the cards comes with a different set of benefits. In addition to offering generous rewards and rebates, Fuelman’s fleet cards help reduce fuel spending and ensure that money is spent only on company vehicles.

The Simple Saver Card is great for heavy fleets that pump diesel at truck stops. It’s also a good option for interstate freight companies. It offers coast-to-coast coverage in the Lower 48.

Limits to be set on employee cards

Having a fleet gas card for employee use can give you some control over your employees’ spending. However, this doesn’t mean you’re free from responsibility. If you’re looking to make the most of this benefit, you’ll need to research the various options available.

Many modern fleet cards come with tools to help you manage your fuel spending. For example, you can set spending limits for each card and allocate credit for each statement period. Some of these cards also come with a web portal that allows you to monitor and report on fuel purchases.

Some cards also allow you to set limits for non-fuel purchases. These could include parts, consumables and maintenance. You can also limit the number of fill-ups your employees can make per week. This can help reduce expenses associated with low cash flow.