Debit Cards - lower cost than ACH for Lenders
TabaPay debit card processing reduces collection fees over ACH.
vs 
Example small lender:
Current business
- Rates 18-36% APR
- 3K x $3K loans/month
- Average installment payment is $70
| Current ACH fees | Unit Cost | Total Cost | |
|---|---|---|---|
| New Collections/year | 234,000 | $0.15 | $35,100 |
| Existing portfolio collections/year | 300,000 | $0.15 | $45,000 |
| ACH returns (~7%) | 37,380 | $6.00 | $224,280 |
| Backoffice ACH return processing cost | 37,380 | $5.00 | $186,900 |
| Loaded ACH cost | $0.92 | $491,280 |
Conversion to TabaPay from ACH:
- Cut your costs and increase your collections via Cards.
- TabaPay debit card fee on $70 collection is $0.42 (a 54% savings vs ACH) before volume discounts.
- Provide speed and certainty to Lender by both disbursing and collecting via the card.
- Single contract.