Tag Archive: benefit

April 5th, 2011
post by LED-Bulb | | 0

The Cost Of Acceptance: How To Turn The Cost Of Credit Card Processing Into Net Revenue Growth

By J. David Sharp

Have you ever slowed down to ask what comprises the cost of accepting a credit card, better known as the Discount Rate? Why does this cost vary from one transaction to the next? To understand best, I encourage you to step into the shoes of your valued customer, the consumer. The average American carries 4-5 bank issued cards in his or her wallet and utilizes them to finance transactions, expedite the transaction at the point of sale, and in many cases, to take advantage of the benefits these plastic cards give back.

The consumer’s choice as to which card to draw from his or her wallet is generally based upon the answer to one key question…”What’s in it for me?” The list of incentives made available to the consumer by the card issuing banks is extensive. Ranging from signup bonuses and teaser introductory rates to cash back incentives and airline miles, consumers receive tremendous benefit from the issuing banks for their day to day purchases. Financing these incentives sounds like the issuing banks’ problem, right? Not exactly.

The largest component to a merchant account is the cost of Interchange, which the processor collects from you via the discount rate and pays to the issuing banks, in large part to fund the consumer incentives mentioned above. At the end of the day, there is very little that you can do as a small business owner to reduce your cost of credit card acceptance while continuing to satisfy your customers’ need for choice. However, you can leverage this cost and customer-mandated payment type to improve collection processes and payment convenience to your customers.

Just as you provide a breadth of products and services for your customers to choose from, I would encourage you to provide equal choice to them for their form of payment. Choosing a payment processing solution that accepts all of the major credit card types and allows for alternative payment methods, such as ACH direct-debit and eChecks, helps you to minimize your overall cost of acceptance.

By allowing your customers to make payment with the credit card or other remittance type of their choosing, you’re increasing their convenience. In addition, credit cards have other electronic payment benefits that enable your business to set up more flexible payment options for your customers–such as online bill-pay, email invoicing, and recurring billing. You will attract new customers to your business, build customer loyalty, and potentially increase your customers’ average purchase amount. The impact on your net revenue growth will likely offset the variance in Interchange expense and yield maximum growth to your enterprise.

Interested in expanding the payment processing options for your business? PaySimple can help. PaySimple is the premier provider of electronic payment solutions for small businesses and creates platforms that simplify and empower the lives of small business owners. PaySimple provides an on-demand Software as a Service (SaaS) platform that enables small businesses to bill, collect, and manage their customer payments under one user-friendly system. The PaySimple Solution includes: recurring billing, email invoicing, ACH direct-debit, credit card processing, e-check processing, EFT, online payments, and more.

It does not matter whether you are buying LED bulbs , energy saving light bulbs or a new TV these things still apply.

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April 5th, 2011
post by LED-Bulbs | | 0

Low Cost Dental Savings For You

By Don Robertson

Low cost dental today, for many, has become a misnomer. Many people find that the luxury benefits, low cost dental, vision, prescription and chiropractic, are disappearing from their group policies.

The average business today is finding it increasingly difficult to provide low cost dental benefits. When costs begin to cut into business profits the benefit disappears. It is becoming more the responsibility of the individual to provide dental and other luxury benefits for the family.

One of the disappointing limits of dental insurance is the yearly spending cap (some group plans even have a lifetime cap). An average dental insurance policy will run anywhere from $30 per month to as much as $60 per month. Here is where the magic begins for the insurance company. First, they are betting that you won’t use your benefits. In that case they have a resulting profit of $360 ($30 x 12 mo) up to $720 ($60 x 12 mo) for the year. But then there is a cap or spending limit placed on your policy for the calendar year. The cap is usually around $1000.

Now here is a little calculating. If your cap is $1000 and you are paying $30 per month or $360 per year then you are subsidizing your dental plan to the amount of your premium–$360. Subtract the $360 from the $1000 and you actually have a $640 amount available to you for the calendar year. Now what if your premium is $720 per year? That would mean that you had subsidized all but $280 of your dental work for the year.

What if you need several crowns or root canals? Sorry, you have that cap to think about. You can certainly exceed the limit, but then you are on your own. Now you are paying the full price–that can be very scary. Your reserve cash, if you have any, can be siphoned off very quickly.

So how much do dental procedures cost today? They vary with the area of the United States that you live in. According to the National Dental Advisory Service you can expect to pay $1192 for a crown in the Dallas area. For a root canal the investment, depending on the type of tooth, anterior or bicuspid, is between $788 and $901. Of course if you have children or you need Orthodontic treatment yourself you can expect to pay between $4,500 and $5,000. Now those are some hefty investments that reduce your spendable income at a dizzying rate.

Are options available to save you money on your dental needs? Yes there are. One of the options that some people take advantage of, if they have major work being done, is to go out of the country. Mexico is certainly an option. India is another option. That may sound ridiculous, but consider that major dental work may be needed. The can easily exceed $10,000. If your vacation was $2000 and your dental work another $3000, then you have gone on a vacation and saved money. Although I must admit that going to the dentist while I’m on vacation is certainly not my idea of having fun. But it is an option.

Another option is sitting down with your dentist and explaining that you don’t have insurance or your insurance will not cover all of the work that is needed. It is always a good plan to discuss large outlays with your dentist. You will then know exactly what the charges will be for each procedure. During this discussion, get the plan written down and insure that it includes your dental codes. It will make it easier to track later and should the need arise you will be able to compare apples to apples. Quite often, your dentist will be able to discount some of the procedure costs. But this won’t happen unless you ask.

Today, though dental costs have risen drastically for the consumer, there is some good news. As we all know, when there is a need a solution will come along. One of the shinning solutions of dental care today is the low cost dental discount plan.

The dental discount plan provides individuals or complete households with dental saving membership plans. These membership plan monthly fees are low enough to allow any level income to take part. These plans are much like having a Sam’s or Costco card. When you use your card at Sam’s or Costco, you save money. Because you save money you use your card and keep it. That is what is happening in the dental industry today.

With your dental discount card you have pre-established discounts when you go to the dentist. These discounts can range from twenty percent all the way up to eighty percent. I’ll give you a couple of examples of savings from one of the discount plan providers. In the Dallas area, a periodic oral exam is normally $60. With the low cost dental discount plan it would be only $12 which would provide you with a savings of 80%. If you had to have a porcelain crown which is normally $1192 retail, with the discount plan it would be only $525. That would be a savings of $667 or 56%.

Dental discount plans are definitely here to stay. You can realize major savings using them. The better ones also provide additional benefits for free–such as vision, prescription and chiropractic. With just a little research, you can find a plan that is right for you, save money and insure that you and your family’s dental health are secure.

So let’s recap the three methods discussed for saving you money.

1) Go out of the country. This is certainly feasible if you have the time and inclination to do so.

2) Sit down with your dentist and work out a discount plan with him personally.

3) Enroll in a low cost dental discount plan.

Which one of these three is right for you? That is your decision. I personally am on a dental discount plan that has save me a lot of money. But the decision is ultimately yours. Just understand that low cost dental is available for you and your family if you are willing to take responsibility, research your options and exercise due diligence.

My hope for you is that you will find the plan that is right for you. So that instead of having more month at the end of the money you will now have more money at the end of the month and you will be able to enjoy your family’s health and confidence.

About the Author: Don Robertson is co-founder of Benefit Discount Services. Through his company he provides significant aa target=”_new” HREF=”http://www.webenefityou.com” rel=’nofollow’>Ameriplan Dental discounts to his customers. You can learn more by going to aa target=”_new” HREF=”http://www.webenefityou.com” rel=’nofollow’>http://www.webenefityou.com.

Source: aa href=”http://www.isnare.com” rel=’nofollow’>www.isnare.com

Permanent Link: aa href=”http://www.isnare.com/?aid=149342&ca=Medical+Business” rel=’nofollow’>http://www.isnare.com/?aid=149342&ca=Medical+Business

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March 19th, 2011
post by halogen-bulbs | | 0

Energy Saving Light Bulbs

In todays world, 2 things keep popping up over and over and over again in the news; the economy and the environment. One thing we can do which would help in both of these fields is simply switching our incandescent light bulbs for Energy Saving Light Bulbs.

While the initial outlay for Energy Saving Light Bulbs is higher than that of ordinary light bulbs, savings are quickly realised with the average light bulb saving you £10 a year in electricity over a regular light bulb. If you replace 10 ordinary light bulbs in your house with 10 energy saving light bulbs, this can amount to a saving of £100 a year. Money which could be spent on an inflatable dinghy and a couple of cases of beer for an enjoyable day out on the sea.

If like me, you have toyed with energy saving light bulbs in the past but found them troublesome due to their size, having them stick out above lamp shades, there are now smaller bulbs on the market that are not much bigger than your regular incandescent bulb.

Something else that the modern incarnation of Energy Saving Light Bulbs has going for it is the warm up times. In the past, energy saving light bulbs would sometimes take a while to warm up to their full potential. Modern technology has vastly reduced this , they light up in less than a second, with no flickering and achieve their full brightness within a minute.

One of the main reasons that energy saving light bulbs have been slow to catch on is the ‘harsh’ light given off by older designs. This light could leave you feeling a little cold, but again, with the modern incarnation, this is no longer an issue, with bulbs being coated with a warm white coating making the light output almost identical to that of a similar incandescent light bulb.

Another benefit of energy saving light bulbs along with the savings and benefit to the environment is their heat. Generally speaking, Energy saving light bulbs give off much less heat than a similar incandescent light bulb, making them safer to leave on unattended  and for applications such as night lights, where with an ordinary incandescent light bulb, you run the risk of burning your house down.

Less efficient incandescent bulbs are going to be phased out in the UK to be replaced by energy saving light bulbs. This phase out will begin on September 1 2009. After this time, it will become impossible to buy these less efficient light bulbs, so what better time than now to jump on the energy saving light bulbs bandwagon.

Find more information below:-
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