Debit Cards - lower cost than ACH for Lenders
TabaPay debit card processing reduces collection fees over ACH.
Example small lender
- Rates 18-36% APR
- 3K x $3K loans/month
- Average installment payment is $70
|Current ACH fees||Unit Cost||Total Cost|
|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.
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