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THE HIDDEN COSTS OF CHASING LOWER PROCESSING RATES BOB ANGUS, PAYPAL

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 Rates

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Page 1: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

THE HIDDEN COSTS OF CHASINGLOWER PROCESSING RATES

BOB ANGUS, PAYPAL

Page 2: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

How do we get paid?

How much does it cost?

Page 3: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

The LogicMinimize fees = Maximize profits

Page 4: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

What’s in your wallet?

Page 5: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

Hidden Costs• Qualified vs.

Non-Qualified• Switching costs• Operational costs• Customer service

Page 6: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

The Solution• Simple, flat rate• Easy integration• Trust

Page 7: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

“I Saved Tens of Thousands Per Year”

+

Page 8: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

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

Page 9: The Hidden Costs of Chasing Lower Processing Rates by Bob Angus

Thank You!Grab the Case Study here:

www.mivamerchant.com/scottevest-case-study

facebook.com/PayPalforBusiness

@PayPal4Business