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Originally Posted by A1R3K
i've been trying to do this.  |
WTS / PartnerSoft integration is almost complete. Once we wrap things up you'll be good to go!
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Originally Posted by RayBonga
You raise a valid point but I guess it would depend of the program, for some the costs in time and money of implementing ACH are just not worth it.
If you get 1 or 2% of your sales this way is it worth the extra effort?
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Hi Ray, thanks for your reply.
Your right, it may not be worth 1 or 2%, however, the actual number is upwards of 25%-35% in additional revenues on your existing traffic when processing through WTS. Additionally, there are no setup fee's, and implementation can be done within 24hours.
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Originally Posted by woj
Isn't fraud/chargeback rate MUCH higher for check transactions compared to credit cards?
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Although you can never stop ALL of the fraud associated with check signups, WTS does the best job of limiting those cases. It is the nature of the business. I can tell you that you'll make a lot more in revenues by offering checks, than not offering them!
Another thing to add is that check signups tend to recur alot longer than credit card signups so that helps make up for the amount of checks that don't clear. We also have an in-house collections dep't that goes after those bad check writers. Adding an additional 30% in collections to your bottom line.