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ACH
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 feesUnit CostTotal Cost
New Collections/year234,000$0.15$35,100
Existing portfolio collections/year300,000$0.15$45,000
ACH returns (~7%)37,380$6.00$224,280
Backoffice ACH return processing cost37,380$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.
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