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Balanced Makes Volume Pricing Public

blog.balancedpayments.com

41–46 of 46 posts

Re: Balanced Makes Volume Pricing Public

#41
post #37

Earlier quoted context omitted.

> Generally, we hold to the offered rate even in the case that the card mix changes and becomes more expensive. In the case that the card mix becomes less expensive, we'll decrease the rate as our costs have changed and we can offer a better price. Our pricing is always based on the costs of the transactions, rather than volume alone. This poses an interesting optimization problem. Given that model, a customer should…

That's assuming we're only looking at the card mix for a given month. Generally, we're looking at a trailing 3-month period -- and if a user wants to email us every three months to ask if we can lower their rates, we welcome them to do so. We've certainly thought about how we can be more open with our pricing, as Patrick mentioned, and for customers that want details about why their rate is the way it is, we'll defin…

zende, cristinacordova, I like where this is headed. Created an issue on Balanced's blog repo to discuss the topic further.

This would be a huge win for customers if we could find a way to work together to bring prices down even further!

https://github.com/balanced/balanced.github.com/issues/72

Re: Balanced Makes Volume Pricing Public

#42
post #19

Earlier quoted context omitted.

We had the same issue with our banking partners. Their pricing schemes are very opaque and we didn't know when we should approach them. We, and you, have better things to do than polling a bank/payments provider asking for discounts. The not knowing is part of the problem.

It probably can't hurt (or take more than 15 minutes) to periodically shoot an email and ask.

True. But we just love the experience of getting emails from AWS telling us we're paying too much and what we can do to bring costs down. Balanced is striving toward that level of transparency and customer focus.

Re: Balanced Makes Volume Pricing Public

#44
post #37

Earlier quoted context omitted.

> Generally, we hold to the offered rate even in the case that the card mix changes and becomes more expensive. In the case that the card mix becomes less expensive, we'll decrease the rate as our costs have changed and we can offer a better price. Our pricing is always based on the costs of the transactions, rather than volume alone. This poses an interesting optimization problem. Given that model, a customer should…

That's assuming we're only looking at the card mix for a given month. Generally, we're looking at a trailing 3-month period -- and if a user wants to email us every three months to ask if we can lower their rates, we welcome them to do so. We've certainly thought about how we can be more open with our pricing, as Patrick mentioned, and for customers that want details about why their rate is the way it is, we'll defin…

Why not give clients the benefit of a rolling 3-month rate automatically? That way you could help educate them (by showing them their own data back to them- scheme tier x volume) as to how merchant charges work.

To keep it simple, you could require a minimum volume to participate which may also help you get people to consolidate their merchant activity with you, similar to the way traditional tiering works.

Re: Balanced Makes Volume Pricing Public

#45

I am really trying to integrate balanced into my software but I am just getting stuck. A few video tutorials or a live workshop/meetup/hack day would really help!

MyNameIsMK: We'd be happy to help. We're online right now for chat on #balanced on irc.freenode.net, which you can join online by going to http://webchat.freenode.net/?channels=balanced&uio=MTE9OTIaf

You can also email us at support@balancedpayments.com

Re: Balanced Makes Volume Pricing Public

#46
post #45

I am really trying to integrate balanced into my software but I am just getting stuck. A few video tutorials or a live workshop/meetup/hack day would really help!

MyNameIsMK: We'd be happy to help. We're online right now for chat on #balanced on irc.freenode.net, which you can join online by going to http://webchat.freenode.net/?channels=balanced&uio=MTE9OTIaf You can also email us at support@balancedpayments.com

live workshop/meetup/hack day would be really fun!
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