Businesses come to us all the time, asking how we can save them money. It’s tough being a small business owner and every penny counts. We know this. This is why we strive to give our clients the tools they need to save the most money. Stillwater Payment’s Virtual Terminal is one of the many examples of how our technology can save real businesses money. A nice success story comes from RAM Discount Office and Computer Supplies.
Background:
RAM Discount Office and Computer Supplies is one of the many B2B, business to business, companies we serve. A B2B company sells to other companies, rather than specifically to individuals. They serve the Reno, Sparks, and Carson City areas and pride themselves on their customer service values and quality products.
This company came to Stillwater Payments because of an existing relationship. Our Virtual Terminal saved them money.
Our Solution, a Virtual Terminal:
Some of the features of our Virtual Terminals are secure card storage, recurring payments, batch upload, invoicing, account updater, and simple level 2 and level 3 processing. They are designed to allow for flexibility and ease of use. Our virtual terminals are safe, secure, and easy to use. And with our rate lock program, we ensure that the rates never go up.
We helped RAM Discount Office and Computer Supplies get rid of their physical credit card terminal. It was rarely used and cost them money. We replaced it with our technology, technology designed to save the user the most money possible.
Our Virtual Terminal is a tool used in our Save Smart Guarantee. Although RAM Discount Office and Computer Supplies had a low margin, they were losing money on their interchange rates. At Stillwater Payments, we focus where we can save you the most money. With our Save Smart Guarantee, we were able to identify the lowest possible rates.
Results:
Before they came to us, RAM Discount Office and Computer Supplies was paying an overall rate of 3.20% on average for credit card payments. After our suggestions, their fees went down to 2.49% on average. Our technology is saving this company close to three-quarters of a percent.
In addition, we looked at the company’s paper invoicing system. We improved upon their old system with our electronic invoicing service. RAM can now send secure electronic invoices to clients. This also allows for instant payments, making sure they get their money faster and easier.
RAM Discount Office and Computer Supplies came to us wondering what we could do for their company. Our technology saves more – more time, more resources, and more money. Their overall credit card processing expenses are lower. Finally, at no additional fee, they were able to accept instant payments through electronic invoices. RAM Discount Office and Computer Supplies can rest easy knowing they’re getting the lowest rates and saving the most money.