PayClix uses a unique ‘fee for service’ model. In most other web payment applications, it’s the merchant who pays the entire cost of the online transaction. With PayClix, it’s the customer who pays for the convenience of making an online or telephone payment.

  • Like almost everything that it touches, the Internet has changed the way consumers receive and pay bills. Any type or size of business can now take payments over the web or the telephone and charge a small service fee to cover the cost of the transaction.
  • The day of mailing a check and hoping it gets posted in time to avoid a late fee is fast coming to a close. Most consumers want to avoid late fees but at the same time, funds are tight and they want to wait to the very last minute before making a payment.
  • With the service fee model, the customer makes their payment online; the payment is then reported the same day to the merchant so the account can be posted in a timely manner. The consumer is able to wait till the last minute and the merchant has no cost in receiving the payment.

The service fee payment model is growing, especially with businesses which are facing shrinking margins and cash flow fluctuations. For more information on how PayClix can help your business or organization, CONTACT US TODAY!
 
 

   
NARPM AMA

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