| |
|
|
|
ANNUAL COST COMPARISON - (Before Going to
Court) |
|
ITEM |
Traditional Secondary |
Check
Guarantee |
Check
Conversion (Truncation) |
Merchant |
Alpha Check Express |
|
Setup |
$0.00 |
<$1000> |
<$1000> |
$0.00 |
$0.00 |
|
Monthly Fee |
$0.00 |
<$50> |
<$50> |
$0.00 |
$0.00 |
|
Minimums |
NO |
YES |
YES |
NO |
NO |
|
Transaction fee ea |
$0.00 |
<35 cents> |
<35 cents> |
NO |
NO |
|
Total # of Checks |
10,000 |
10,000 |
10,000 |
10,000 |
10,000 |
|
# of checks Bounced (5%) |
500 |
500 |
500 |
500 |
500 |
|
Avg check amount |
$30.00 |
$30.00 |
$30.00 |
$30.00 |
$30.00 |
|
Bounced Monies |
$15,000 |
$15,000 |
$15,000 |
$15,000 |
$15,000 |
| |
|
|
|
|
|
|
Percent Collected |
50% |
50% |
60% |
40% |
70% |
|
Total $ collected |
$7500.00 |
$7500.00 |
$9000.00 |
$6000.00 |
$10,500.00 |
|
Collection Fee % |
35% |
10% |
0% |
0% |
0% |
|
Collection costs |
<$2625.00> |
<$750.00> |
$0.00 |
<$1970.00> |
$0.00 |
|
Transaction fees |
$0.00 |
<$3500.00> |
<$3500.00> |
$0.00 |
$0.00 |
|
|
|
|
|
|
|
|
Net Monies to merchant |
$4875.00 |
$3250.00 |
$5500.00 |
$4030.00 |
$10,500.00 |
|
Total annual Loss |
<$10,125> |
<11,750> |
<$9500> |
<$10,970> |
<$4500.00> |
|
Winner! Alpha Check
Express in all categories! |
|
A Phenomenal difference!
In every category "No One is better" than
Alpha CheckÖ
Express at bad
check collections in every check collection category,
net monies to merchant, AND smallest loss for merchant ....
Alpha CheckÖ
Express! |
|
Please note: None of the setup expenses are
figured into the net loss - those need to be added in too! AND no costs
for the merchants labor or long distance calls are included! Merchants
cost are just based on Mail & Certified letter expenses. D.A.
collections are available to all and will have the same net increase for
each. |
|
