Payment processing fees are a cost of doing business - there is no way around it. But did you know that many merchants are overpaying on their payment processing fees? Not reviewing your payment processing options regularly puts you at a massive disadvantage as payment processing companies adjust their rates and introduce special limited-time pricing on a regular basis.
To help our merchants easily navigate through the maze of payment options, Billforward has partnered with Shuttle Global Payments to offer you impartial advice with the goal of generating significant savings on your company’s payment processing fees.
Get the best deal, every time and always
Billforward is a payment processor agnostic platform, which means you are never locked into a single payment processing partner. This also means that we are impartial when it comes to payment gateway provider recommendations - and we have your best interests at heart!
Thanks to our friends at Shuttle, we are now able to provide each of our customers (both new and existing ones) with a review of payment options available to them. Every company is different, so there is no room for a one-size-fits-all approach.
All we will need from you are answers to 2-3 questions relating to your billing profile, and within 2 business days we will be able to share with you a comprehensive report outlining all of your options.
This service is absolutely free of charge and there is no obligation to take any action. Some of our customers have saved thousands of dollars a month thanks to this, so we would strongly suggest looking at this if you take (or are planning to take) card payments!
If nothing else, you would get the latest insights into pricing in the market and if any payment gateways are offering custom rate deals that would benefit you. Keeping your ear to the ground is always positive.
Going through a review process when signing up for Billforward is a great time to do this, but we would also recommend running this check every year, just to make sure you are not missing out!
Special considerations
While the Payment Gateway Fees review makes sense for any merchant taking payments online, there are two business cases which might not seem that obvious, but using our market review could be a huge benefit from this service:
- Merchants running international businesses are likely to be paying more than they need to for international card processing and FOREX.
- Merchants with irregular behaviour e.g. they sell wholesale quarterly and so don't transact much for two months but then suddenly see a high volume of processing.
Introduction to Custom Payment Routing Logic
Billforward’s high growth and enterprise customers can save additional money by using our new Least-Cost Payment Routing feature.
Configurable payment routing logic allows you to route your payments via multiple payment gateways to minimize the processing fees. For example, you could put a certain type of billing (card payments) via payment gateway X and all of the other transactions (ACH) through the payment gateway Y.
Improved Merchant Experiences
Sometimes, it’s actually not about money. Or at least not directly.
- Does your account keep on getting flagged/locked for no apparent reason?
- Are you not able to talk to a real human if you have any questions or concerns when it comes to your payment processing?
- Do you need to wait a long time for the payouts?
- Do you need special local compliance?
- Do you need a local bank-to-bank payment method?
- Do you need to incorporate a Point-of-Sale (POS) into your billing model?
All of those concerns can have a significant negative impact on your business, and we can help remove those headaches for you.
Schedule a call with our Customer Service team to discover how Billforward could help your company grow and address any pain points you might be experiencing.
If you would like to take advantage of the Payment Partner Review service, please send us a note at hello@billforward.net .
Why not book a discovery call with one of our billing experts and see how we can help you meet your subscription goals!