Okay here are the stats

I'm going to bed- not sure how the table is going to work out but here goes:
First off let?s look at some facts:
Credit Cards ACH/Checks
Decline rates 33% 12%
Revoke Rates vs. Trial to 1st rebill * 50% 20-30%
Drop after 1st rebill 25-27% 15%
Retention (X = average retention) X 2X
Processing fees 10-15% 15%
* There are no trials on checks
So let?s plug some numbers in there apples to apples you know and we?ll go with worst case for ACH/Checks and best case for credit cards.
So off the top you will get 21% more sign ups through on checks. But we?ll start with 100 sign ups of each.
Credit Cards ACH/Online Check
% Sign ups Dollar Value % Sign ups Dollar Value
Revoke Rates vs. Trial to 1st rebill * 50% 50 30% 70
Drop after 1st rebill 25% 37.5 15% 59.5
Retention (# after 1st rebill drop * x (average months retention)) 1.75 months 37.5 $1965.46 3.5 months 59.5 $6237.08
Processing Fees 10% $196.54 15% $935.56
Totals $1768.92 $5301.52
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Melissa Davies
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www.BillinGuru.com
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954 227-0926 office
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