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GoCardless for payments - no more debt reconciliation!
Quote from: Bucket on June 05, 2022, 06:12:14 amGoCardless for payments - no more debt reconciliation!For someone who has for example 400 x £10 monthly customers, it will cost £1200 a year to use go cardless. That means cleaning 120 customers a year just to pay for a company to collect payment and transfer it to you, when you could just ask them to bank transfer it themselves or set up a standing order for free.
Its not worth using when you have 400 customers, if you had 4000 and need the cashflow for wages it might be a different story.
Quote from: Stoots on June 05, 2022, 02:56:07 pmIts not worth using when you have 400 customers, if you had 4000 and need the cashflow for wages it might be a different story.It’s be cheaper to pay a part timer £15 an hour for 10 hours a week (2 x 5 hour days or something like that) every week to sort payments out - £7800 a year.Go cardless for 4000 customers a month - £10,080 a year. Unless my figures are out …
Been living in the dark ages for 10 years just using what I've always used. Want to know what things are new, worth getting, saving you time, saving energy etc. I'm going to be upgrading to an electric reel next week but have seen connection protection for the rectus, rinse bars, brushes coming out of your ears, odd shaped 8 poles. What's new & what have I missed ? I do have one of them pull valves on my poles
If someone has to send thousands of reminders then they’ve got a crap customer base . I send around 2 per hundred per month. Probably why I can’t justify the cost. Takes minutes while I’m sat on the bog 🚽 on the last day of the month.
Quote from: Shrek on June 05, 2022, 03:11:07 pmQuote from: Stoots on June 05, 2022, 02:56:07 pmIts not worth using when you have 400 customers, if you had 4000 and need the cashflow for wages it might be a different story.It’s be cheaper to pay a part timer £15 an hour for 10 hours a week (2 x 5 hour days or something like that) every week to sort payments out - £7800 a year.Go cardless for 4000 customers a month - £10,080 a year. Unless my figures are out …Yes it may be cheaper (ive not done the numbers either) but i would have thought when you had 10 staff its more a cashflow thing, it would stress me out with loads of wages to pay and having to send reminders every week with thousands outstanding. Plus its always better to automate processes vs employ someone to do it which is open to human error.
Quote from: Shrek on June 06, 2022, 05:18:42 pmIf someone has to send thousands of reminders then they’ve got a crap customer base . I send around 2 per hundred per month. Probably why I can’t justify the cost. Takes minutes while I’m sat on the bog 🚽 on the last day of the month. theres only me and my rolling debt is usually around a grand so can only assume with 10 vans it would be 10 grand, would much rather have them all on go cardless for my own sanity.
Quote from: Stoots on June 06, 2022, 07:41:34 pmQuote from: Shrek on June 06, 2022, 05:18:42 pmIf someone has to send thousands of reminders then they’ve got a crap customer base . I send around 2 per hundred per month. Probably why I can’t justify the cost. Takes minutes while I’m sat on the bog 🚽 on the last day of the month. theres only me and my rolling debt is usually around a grand so can only assume with 10 vans it would be 10 grand, would much rather have them all on go cardless for my own sanity.Wow , I might have 1 or 2 customers that are on holiday and it rolls over to the next month but it’s never more than £60 for me!