Billion Dollar Ideas Lady

Business to Business E-Check Pay

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