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Cloud-based Accounting + Bookkeeping Software

Written by Brian Abernathy | Aug 22, 2024 7:15:27 PM

Case Study #1 (Cloud-based Accounting + Bookkeeping Software)

Prior to Paytential:

  • Leveraging Chargify (now Maxio) + Authorize.net gateway + Global Payments

  • Effective Processing rate: 9.49%

  • Interchange rates padded by 400BPS, processor markup of 275BPS, thousands of dollars of ancillary "junk" fees

The Paytential Difference:

  • Without changing their workflows within Maxio, Paytential replaced Authorize.net and Global proprietary gateway and processing solution resulting in:
    • Annualized savings of $240K
    • Enterprise Value Creation of $3,600,000