the hidden costs of chasing lower processing rates by bob angus
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MivaCon 2014 Sponsor: PayPal The Hidden Costs of Chasing Lower Processing RatesTRANSCRIPT
![Page 1: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus](https://reader035.vdocument.in/reader035/viewer/2022070303/54b5bf0f4a795942618b4681/html5/thumbnails/1.jpg)
THE HIDDEN COSTS OF CHASINGLOWER PROCESSING RATES
BOB ANGUS, PAYPAL
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How do we get paid?
How much does it cost?
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The LogicMinimize fees = Maximize profits
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What’s in your wallet?
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Hidden Costs• Qualified vs.
Non-Qualified• Switching costs• Operational costs• Customer service
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The Solution• Simple, flat rate• Easy integration• Trust
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“I Saved Tens of Thousands Per Year”
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SummaryThe Problem
• "Too good to be true" scenarios mean more work in the long run
• The effective fee rate is higher than advertised rates
• Switching between vendors is disruptive to the business
The Solution• Fees are low,
predictable, and easy to understand
• One of the internet's most trusted and secure payment platforms
• Seamless integration with Miva
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