Business Thread.... Paysite Owners,What % of sales do online checks account for? - GoFuckYourself.com

Shap · 12-10-2005, 01:15 PM

Hi Guys. It's a pretty straight forward question. I've been looking thru our stats and in 2005 our Online Checks have accounted for 3.5% of all sales. That seems low. I know in the past it was close to 10%.

What % of your sales do online checks account for?

TheDoc · 12-10-2005, 01:36 PM

2.9% here for this year, I have WTS on email varify, which slows it down a little.

Rice_Master · 12-10-2005, 01:37 PM

My numbers are about the same 4-5%.

Hey shap what about 1900 numbers? I've been thinking about putting that as one of the option for payments with ccbill but haven't seem to get around to it yet, just curious if you have any luck with it.

TheDoc · 12-10-2005, 01:43 PM

Quote:

Originally Posted by Rice_Master

My numbers are about the same 4-5%.

Hey shap what about 1900 numbers? I've been thinking about putting that as one of the option for payments with ccbill but haven't seem to get around to it yet, just curious if you have any luck with it.

48% to ccbill
41% to epoch
7% to EuroBill
2.9% WTS Checks
2.8% Web900
1.9% My Virtual Card

I used rounded off numbers, so it adds up to a little over 100%.

Shap · 12-10-2005, 02:48 PM

Interesting Numbers Doc. Here are ours (Web900 included RiceMaster)

Ccbill CC 87.5%
Paycom CC 8.4%
Ccbill Check 2.9%
GxBill Modem Access 0.7%
Gxbill Web900 0.4%

BoyAlley · 12-10-2005, 03:17 PM

Ok here's a question:

Should we factor in checks that get RETURNED? Or take those out of the % ?

If i take RETURNED checks out, the percentage becomes a decimal for us almost

Shap · 12-10-2005, 03:30 PM

Quote:

Originally Posted by BoyAlley

Ok here's a question:

Should we factor in checks that get RETURNED? Or take those out of the % ?

If i take RETURNED checks out, the percentage becomes a decimal for us almost

I factored in returned checks. My numbers are the net revenues for each source from the past 6 months.

Dalai lama · 12-10-2005, 03:34 PM

3 to 4% this year.

sltr · 12-10-2005, 03:38 PM

if 3-5% is all, i wont be bothering with implementing online checks as an pay option

andrej_NDC · 12-10-2005, 04:43 PM

0%, because I dropped them, they suck...

NETbilling · 12-10-2005, 07:11 PM

As a processor, our check processing accounts for about 4% of total merchant revenue for both mainstream and adult merchants combined.

Of course, our merchants conrol the scrubbing for credit cards and checks so results vary between merchants and business type.

Contact us if you are interested in saving some $$$ with your check and credit card processing.

Mitch

Dalai lama · 12-10-2005, 07:13 PM

Quote:

Originally Posted by andrej_NDC

0%, because I dropped them, they suck...

I got some check signups this year, they work out pretty good

NETbilling · 12-10-2005, 08:33 PM

Quote:

Originally Posted by sltr

if 3-5% is all, i wont be bothering with implementing online checks as an pay option

Depending on your volume, that could be alot of money you are disregarding.

Mitch

Marshal · 12-10-2005, 09:34 PM

interesting figures here... hehe... ;)

directfiesta · 12-10-2005, 09:38 PM

Quote:

Originally Posted by sltr

if 3-5% is all, i wont be bothering with implementing online checks as an pay option

I didn't, and I can presume that I still get a 1 - 1.5% out of that number back with their credit card .... ( some are scared to use their cc on line... ).

Slap Dot · 12-10-2005, 09:40 PM

About 4%

Mike Okitch · 12-10-2005, 09:41 PM

What about 1-2-3bill? Anyone uses that as an option?

sltr · 12-10-2005, 10:50 PM

Quote:

Originally Posted by NetBilling

Depending on your volume, that could be alot of money you are disregarding.

Mitch

Hi Mitch,

well, since you're my processor you prolly know what my volume is, lol
and yes i'm leaving some money on the table.

TBH, another concern i have is reconciling the orders as the checks clear, since we sell tangibles, we'd have to watch the bank account- note each check as it clears and which order it is for then fill that order - too much manual input for us at this time to justify ~4% increase in sales.

Or am I not seeing this right??

Love Netbilling by the way

ChewbaCreative · 12-10-2005, 10:58 PM

somebody knows the way how to say surfers don't use a checks and pay by CC?

Easton · 12-10-2005, 11:04 PM

checks are only 2% of my program's net sales

HushMoney · 12-10-2005, 11:07 PM

Checks are 4% for us.

andrej_NDC · 12-10-2005, 11:28 PM

Quote:

Originally Posted by Dalai lama

I got some check signups this year, they work out pretty good

I got some, too, but 30-40% of them were fraud + the ppl who used the check option didnt sign-up with their cc then, so my sales almost didnt go up. Everybody who doesnt have a cc in the USA and wants to pay by check is suspicious for me...

NETbilling · 12-11-2005, 12:41 AM

Quote:

Originally Posted by sltr

Hi Mitch,

well, since you're my processor you prolly know what my volume is, lol
and yes i'm leaving some money on the table.

TBH, another concern i have is reconciling the orders as the checks clear, since we sell tangibles, we'd have to watch the bank account- note each check as it clears and which order it is for then fill that order - too much manual input for us at this time to justify ~4% increase in sales.

Or am I not seeing this right??

Love Netbilling by the way

Hi,

Thanks for your business and the kind words avbout us. With our syswtem, you can autoimate checking our system with your shopping cart to check when an ACH payment actually clears and then ship the products. Contact us on Monday to discuss the options further if you are interested.

Mitch

TheDoc · 12-11-2005, 01:13 AM

Guys with check issues, WTS has a feature, which makes the member email confirm before the transaction is finalized. This really cut down on the surfer fraud, which was a majority of the returned checks.

sltr · 12-11-2005, 08:15 AM

Quote:

Originally Posted by NetBilling

Hi,

Thanks for your business and the kind words avbout us. With our syswtem, you can autoimate checking our system with your shopping cart to check when an ACH payment actually clears and then ship the products. Contact us on Monday to discuss the options further if you are interested.

Mitch

Thanks Mitch, I'll call in and get more info, I did not realize it was automated to that degree.

12-10-2005, 01:15 PM	#1
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Business Thread.... Paysite Owners,What % of sales do online checks account for? Hi Guys. It's a pretty straight forward question. I've been looking thru our stats and in 2005 our Online Checks have accounted for 3.5% of all sales. That seems low. I know in the past it was close to 10%. What % of your sales do online checks account for?

12-10-2005, 01:36 PM	#2
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	2.9% here for this year, I have WTS on email varify, which slows it down a little. __________________ ~TheDoc - ICQ7765825 It's all disambiguation

12-10-2005, 01:37 PM	#3
Rice_Master Confirmed User Join Date: Mar 2001 Posts: 1,582	My numbers are about the same 4-5%. Hey shap what about 1900 numbers? I've been thinking about putting that as one of the option for payments with ccbill but haven't seem to get around to it yet, just curious if you have any luck with it. __________________ Icq: 31706665

12-10-2005, 03:34 PM	#8
Dalai lama Strength and Honor Join Date: Jul 2004 Location: Europe Posts: 16,540	3 to 4% this year. __________________ A program you can trust. Gallerybooster Run multiply TGPs of 1 script

12-10-2005, 07:11 PM	#11
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,584	As a processor, our check processing accounts for about 4% of total merchant revenue for both mainstream and adult merchants combined. Of course, our merchants conrol the scrubbing for credit cards and checks so results vary between merchants and business type. Contact us if you are interested in saving some $$$ with your check and credit card processing. Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998! Last edited by NETbilling; 12-10-2005 at 07:14 PM..

12-10-2005, 02:48 PM	#5
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Interesting Numbers Doc. Here are ours (Web900 included RiceMaster) Ccbill CC 87.5% Paycom CC 8.4% Ccbill Check 2.9% GxBill Modem Access 0.7% Gxbill Web900 0.4%

12-10-2005, 03:17 PM	#6
BoyAlley So Fucking Gay Join Date: Nov 2004 Posts: 19,714	Ok here's a question: Should we factor in checks that get RETURNED? Or take those out of the % ? If i take RETURNED checks out, the percentage becomes a decimal for us almost

12-10-2005, 03:38 PM	#9
sltr Confirmed User Join Date: Dec 2002 Posts: 3,191	if 3-5% is all, i wont be bothering with implementing online checks as an pay option

12-10-2005, 04:43 PM	#10
andrej_NDC Registered User Industry Role: Join Date: May 2004 Posts: 7,760	0%, because I dropped them, they suck...

12-10-2005, 09:34 PM	#14
Marshal Biz Dev and SEO Industry Role: Join Date: Jun 2005 Posts: 15,180	interesting figures here... hehe... ;) __________________ --- Busy ranking websites on Google...

12-10-2005, 09:40 PM	#16
Slap Dot Confirmed User Industry Role: Join Date: Aug 2004 Location: BASS Posts: 3,168	About 4% __________________ » AIM: slapdotted » Skype: slapdot » ICQ: 190444

12-10-2005, 09:41 PM	#17
Mike Okitch Confirmed User Join Date: May 2004 Location: Guantanamo Bay, Cuba Posts: 4,126	What about 1-2-3bill? Anyone uses that as an option? __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

12-10-2005, 10:58 PM	#19
ChewbaCreative Confirmed User Join Date: Dec 2003 Posts: 1,118	somebody knows the way how to say surfers don't use a checks and pay by CC? __________________ high design. high creative. adultcreative

12-10-2005, 11:04 PM	#20
Easton Too lazy to set a custom title Industry Role: Join Date: Sep 2002 Location: Phoenix, AZ Posts: 9,825	checks are only 2% of my program's net sales __________________ New models booked and shot every week... MILFs, pornstars and teens. Girls for every niche and project. Looking for high-quality affordable exclusive content? Check me out at Easton Content for all the details.

12-10-2005, 11:07 PM	#21
HushMoney Confirmed User Industry Role: Join Date: Apr 2005 Location: Hermosa Beach & Miami, FL. Posts: 2,256	Checks are 4% for us. __________________ Hushmoney.com Interracialpass Hushpass

12-11-2005, 01:13 AM	#24
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	Guys with check issues, WTS has a feature, which makes the member email confirm before the transaction is finalized. This really cut down on the surfer fraud, which was a majority of the returned checks. __________________ ~TheDoc - ICQ7765825 It's all disambiguation