EFT/CC Comparison

"Why can't I use Credit Cards?  That's what my clients want."

Some Hypothetical ASSUMPTIONS
100 students; $50.00 a month tuition; 9 months
CC Charges (average) = 2½ %

 Using Credit Cards 

 Using EFT 

_______________________________
$5,000/month tuition @ 2.5%
$125.00
______________________________________
100 transactions/month @ .32 a transaction
$32.00
+$20.00 monthly charge
$52.00
______________________________________
Total = $177.00 per month
x 9 months = $1,593.00
to collect $45,000 tuition.
 • that's 3.54% • 
______________________________________

_______________________________
$5,000/month tuition @ 0%
$0.00
_______________________________________
100 transactions/month @ .30 a transaction
$30.00
+$15.00 monthly charge
$45.00
_______________________________________
Total = $45.00 per month
x 9 months = $405.00
to collect $45,000 tuition.
 • that's 0.9% •
_______________________________________

What would you rather do - pay the Credit Card Companies
$1,593.00 a year to collect $45,000 from 100 students?

or

pay our EFT Processor
$405.00 a year to collect $45,000 from 100 students?

We believe it makes sense
to save $1,188.00 a year.

That's why you need CompuDance
and Smart Payment Solutions.

But, go ahead, take credit cards if that's what your clients want.

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