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sedmiller · 13th September 2007, 11:52 PM

We have 5 different levels of eft, including an unlimited Mystic eft. This way customers have PLENTY of choices, from $39 to $139 a month. We have a $35 set up fee (staff members get a bonus on each level they sell with top eft getting all of the set up fee). Because we are in CA - we have customers pay a cancellation fee. This way there is none of that "I told the girl last time I was in BS". We still get that any way. We have them sign a contract and they may cancel any time. If their card declines we charge them a fee to bring it to the regular 30 day price. Since we made these changes this year, EFT revenue is WAY up for us. Be specific in your contracts, customers will do anything to try and get out of it. We get chargebacks from Visa/MC all the time and we have great documentation to ensure that we get the $$ back from the chargebacks. Good Luck. EFTs are great for business and great for the customer.

13th September 2007, 11:52 PM	#74 (permalink)
sedmiller All Star Join Date: Sep 2006 Posts: 108	Re: Eft We have 5 different levels of eft, including an unlimited Mystic eft. This way customers have PLENTY of choices, from $39 to $139 a month. We have a $35 set up fee (staff members get a bonus on each level they sell with top eft getting all of the set up fee). Because we are in CA - we have customers pay a cancellation fee. This way there is none of that "I told the girl last time I was in BS". We still get that any way. We have them sign a contract and they may cancel any time. If their card declines we charge them a fee to bring it to the regular 30 day price. Since we made these changes this year, EFT revenue is WAY up for us. Be specific in your contracts, customers will do anything to try and get out of it. We get chargebacks from Visa/MC all the time and we have great documentation to ensure that we get the $$ back from the chargebacks. Good Luck. EFTs are great for business and great for the customer.