Billion Dollar Ideas Lady
Business to Business E-Check Pay
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:03:37
- More information
Informações:
Synopsis
Podcast 1: B2B E-Check Pay Hello and Welcome to BILLION DOLLAR IDEAS LADY PODCAST Every Tuesday, I will introduce a new business idea that can generate billions of dollars per year. Stay tuned for revolutionary ideas for the next 52 weeks! Today’s idea is: Business Check Pay Most businesses accept Credit Cards. These are good for small amounts. However SME or even large corporations with big accounts, still go the normal route of receiving a check in the mail. This is because, although E-Check offers quick payment alongside credit cards, they are charging nearly the same amount of fees and percentage of sale as that of credit cards. If a wholesaler is working on 10-15% margin of profit and is selling $10K-$20K per transaction, that wholesaler will prefer to receive a check in the mail rather than pay $7.50 per e-check and 2.78% of $10K which is $278! If a company like American Express or Paypal w