Jones Tech, or JTI, uses a standard merchant solution to accept all credit card payments, regardless of origin. As the company’s international revenues have grown, its payment costs have risen too – at an alarming rate.
#How much does it cost to get microsoft word software
Meet Jones Tech International, a fictional software company with a rapidly growing international customer base. The Flywire calculator example below will help you understand it better. But regardless of whether you are interested in using Flywire or not, it’s important to understand why it costs so much to get paid and how you can reduce those costs. The combination of our proprietary global payment network, next-gen payments platform and vertical-specific software are specifically designed to help businesses selling internationally reduce their cost of getting paid, increase their operational efficiency, and increase customer satisfaction. And 90% say the complexities of collecting cross-border payments impacts their ability to grow internationally.Īt Flywire, we see these problems every day. In fact, 89% say they have too much bandwidth tied up in receiving payments. These costs include high wire fees, processing fees and various opaque banking fees. The amount lost is between 6-10% of revenues for 23% of these surveyed. In a recent survey of more than 300 finance leaders in mid-market businesses, 55% say they lose 4-5% in revenue per month due to inefficiencies in their payment processing. Especially for companies doing business internationally. (Yes, the irony.) But the reality is very different.
And they don’t expect it to cost a lot of money.
In today’s digital economy, businesses expect to get paid quickly and securely.
0 kommentar(er)
