Case Study: Decorating Company
Client: Decorating Company
Location: Virginia
Approximate Size: 60 online transactions/month
Business Challenges:
- High fees for Credit and Debit card processing
- Manually entering credit card numbers over the phone
- No online shopping cart or online payment
PaySimple Solution:
- PaySimple gateway for electronic payment processing
- Custom-branded online payment gateway
- Significantly reduced Credit and Debit Processing fees
Results:
- Easy online payment for customers
- Buying seamlessly integrated into website
- Improved customer service
- Over $3,400 savings in credit card fees per year
Savings Analysis:
| Monthly Charge Volume ($) | Prev. Rate | PaySimple Rate | Difference |
|---|---|---|---|
| $11,739.47 | 4.950% | 2.280% | $313.44 |
| Monthly Inquiry Fees (#) | Prev. Rate | PaySimple Rate | Difference |
|---|---|---|---|
| 60 | $0.08 | $0.24 | ($9.60) |
| Other Monthly Fees | Prev.Rate | PaySimple Rate | Difference |
|---|---|---|---|
| Gateway Fee: | 0 | $19.95 | ($19.95) |
Total Monthly Savings with PaySimple: |
$ 283.89 |
Total Yearly Savings with PaySimple: |
$ 3,406.73 |
Three Year Savings with PaySimple: |
$ 10,220.18 |
Five Year Savings with PaySimple: |
$ 17,033.63 |
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