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Aspen Information Systems, Inc.
800.414.0343
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FREEDOM OF EFT
CHOICE
A Penny
Saved is a Penny Earned!
Many
"software vendors" in the club industry simply create and
offer software as a vehicle to obtain your EFT business.
Unlike
Aspen Software, they are primarily transaction
processing companies that are interested in establishing a
growing base of recurring revenues in the form of transaction
processing fees. In contrast,
we focus on developing
innovative solutions to assist you in operating all facets of
your business – from acquiring new members
or improving cash
flow to developing and managing member
retention programs.
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When choosing
Aspen Software, you have the freedom to choose any EFT
provider. Whether its
credit card processing using PC-Charge and EFT with your local
bank or all
inclusive transaction
processing
services offered by companies such as CheckFree or Belmont Financial Services
for both
credit cards and checking accounts – Aspen works with all of
them because only Aspen is interested
in helping you find the best solution for your business!
Its your choice!
We regularly see transaction
processing fees ranging from a low of $.04 to a high of $.30.
Each $.01 you save in transaction fees per 1,000 members saves
you $120 per year. A $.05
reduction in fees adds up to a $600
savings per 1,000 members. Many of our clients have
5,000
members or more – a nickel shaved off processing fees is a $3,000 annual savings!!!
And that’s not
all. In addition to transaction processing fees, you also have
to pay a percentage
of your billing to the credit card
companies. Our experience has shown customers paying credit
card fees ranging from 1.7% to as much as 4%.
Assume average
monthly dues of $20 per member and 1,000 members paying by
credit card. Total revenue in this scenario is $20,000. Each
tenth of a percent you save in credit
card fees is a savings
of $20 per month; a one-half percent rate reduction is a $100
monthly
savings, and; 1% equals a $200 monthly savings or
$2,400 annual savings.
In
this example, that's a combined annual savings of $5,400!
Aspen Software
offers you the opportunity to shop around for the best
combination of cost
and service. Freedom of Choice potentially
offers you a greater return on your investment. |
Interested in Lowering your
Credit Card Processing Fees. Contact
Aspen today to see if one of our preferred
vendors can save you money!
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