The BLS Partner Post Timely updates for Washington State's business licensing partners.
Monday, June 4, 2012
eCheck Already Saving 20% on Credit Card Fees
Last month BLS started offering eCheck as a way to pay business license and endorsement fees. Also called "Automated Clearing House" (ACH), eCheck is way to pay from your checking account when filing online. No processing fees are passed on to partners. Simple is good. Simple and free is better.
Ready for some even better news?
In the first two weeks, already 20 percent of payments received are coming via eCheck.
Of the more than $1.1 million received since mid-May, more than $220,000 was remitted by eCheck.
That means some partners may see reduced billing for credit card processing fees. It's a strong start for savings to your bottom line. We'll keep you posted as more trends emerge.