For instance, our Software partners often find Payments economics extremely murky. We’ve been in the shoes of our Partners and recognize that learning payments the “hard way” is not fun. As a result, we are passionate about shortening the learning curve for our Partners. Firstly, we want our Partners to truly understand how they are deriving their payments revenue. Secondly, we want them to understand how to maximize their payments revenue. Lastly, we want our partners to leverage Payments to enhance their product and customer experience.
Here’s a simple heuristic to help Software companies calculate their latent payments revenue. This first iteration is for receivables, or what we call “Pay-In”. Stay tuned for expanded versions that incorporate different pricing strategies, interchange optimization, convenience fee scenarios and more. We’ll also be releasing a Payouts calculator showing economics for Card Issuing, Push to Card, Real Time Payments, ACH and more.
Give it a whirl and send us your feedback!