What’s the biggest leak in many billers’ bottom line? Payment processing fees. As card usage continues to climb, see how your organization can save more and deliver more by making the move to Paymentus.
Credit card usage for bill payments surged by 38% in 2023.1 Along with it came the rising cost of fees. Not only can Paymentus support your move to a user-fee model, we also deploy five proven pillars our clients have used to save billions, drive digital adoption, and increase satisfaction.
Our data-driven approach, proactive communication tools, and complimentary marketing support make it easy for your customers and staff to adapt to new payment methods, channels, and models.
Backed by thousands of user-fee model migrations, our team can help you navigate and optimize your move, whether it’s based on surcharging, convenience fees, or service fees.
More payment channels and methods including PayPal, Venmo, Apple Pay, and Google Pay, as well as Visa, Mastercard, Discover, and American Express, all delivered through a simple, intuitive interface, give your customers the choice and flexibility proven to drive more on-time payments through innovation.
Your PCI and Nacha compliance burden is greatly reduced as a standard part of our billing and payment solution.
Paymentus experts work with your team to analyze your performance and provide continuous solutions on how to realize savings beyond payment processing costs.
Our team is eager to share how Paymentus can put these five pillars to work for your organization. Contact us today to request an initial conversation.
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A recent PYMNTS.com survey showed that 85% of cardholders willingly accept surcharges or user fees. Further research highlights key stats that showcase both increased card usage and card fees paid by organizations.
Increase in bills paid with a credit card in 2023 vs. previous year1
Primary cards used as preferred saved payment method2
Increase in credit card fees paid by U.S. retailers since 20203
Your customers love cards. Your bottom line deserves savings. So who really benefits from moving to a user-fee model? Everyone.
1 Datos Insights, How Americans Pay Their Bills, 2023 Report
2 VisaNet calendar year 2018, US consumer credit cards
3 NPR.org, Why many business owners would love it if you stopped using your credit card, Sept. 2023
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If your absorbed fee model is costing you the ability to better serve your customers, it’s time to make the switch to a user-fee model backed by the best-in-class Paymentus billing and payment solution. Contact us today for a quick conversation on how we can help you achieve significant savings and pump up your bottom line, innovation, and user experience.
