RewardPay Alternatives

[Cruiser Elite]

I think it best to look at raw costs and disregard GST / Tax implics - some people can claim the GST or both - others neither - some others entire cost - hence raw figures are all ever look at

 

[Bell21]

my calculations are not matching with @Bell21
where am I going wrong?!?

payment amount	10000​	$
surcharge	1.1​	%
points per dollar	0.825​
points earnt	8250​
surcharge paid	110​	$
points earnt on surcharge	90.75​
cost of 1 point	0.013333​	without surcharge points
cost of 1 point	0.013188​	with surcharge points

If i put CE's values above it matches, so my calculator seems right

payment amount	10000​	$
surcharge	1.95​	%
points per dollar	1.125​
points earnt	11250​
surcharge paid	195​	$
points earnt on surcharge	219.375​
cost of 1 point	0.017333​	without surcharge points
cost of 1 point	0.017002​	with surcharge points

Hi - I'll have a look at this this evening and spell-out my working - btw, I'm using a business tax rate of 27.5%

 

[Bell21]

I think it best to look at raw costs and disregard GST / Tax implics - some people can claim the GST or both - others neither - some others entire cost - hence raw figures are all ever look at

Sorry - I omitted to explicitly mention an assumption - I'm pretty sure only did calculations with business expenses in mind (as GST is irrelevant then), as if you can't claim GST / business expenses, then in my book, none of the online payment points options are great value presently (eg, YP is over 1.3 cents / point), so that's why I don't work on raw costs --- EBP used to work for raw costs (personal expenses), but sadly, those 0.8% days are over - as per message to Daft009, I'll spell out calculations this evening, so that YMMV, each can work from their own parameters!

 

[daft009]

I kept my calculations raw just for the sake of each comparison.
Yes 10% would come off for GST on top

 

[Bell21]

Your calculation was fine - I misquoted something. Below is the table I use - let me know if something isn't clear and I'll repost with changes

 

[pangwen]

Your calculation was fine - I misquoted something. Below is the table I use - let me know if something isn't clear and I'll repost with changes
View attachment 197764

Just wondering how B2Bpay earns 2.3VFF/$?

 

[Bell21]

Diners

 

[mrtupperware]

Can confirm your numbers are accurate. Miss those days when EBP was 0.008 and RP was 0.0129 PP...

Your calculation was fine - I misquoted something. Below is the table I use - let me know if something isn't clear and I'll repost with changes
View attachment 197764

 

[mrtupperware]

So looks like Yak Pay is owned by Paymentlogic? Is this true?

 

[Bell21]

Can confirm your numbers are accurate. Miss those days when EBP was 0.008 and RP was 0.0129 PP...

So sad - I'm not too fussed re EBP, as that was too good to last, but RP, RIP!!

Yes, I believe YP is part of Payment logic.

 

[pangwen]

The ferni method is currently (temporarily?) down for me.

 

[daft009]

so looks like sniip is back.
exsy fees though

EDIT: FAQ - Sniip

 

[Bell21]

Tell 'em they're dreaming

so looks like sniip is back.
exsy fees though

EDIT: FAQ - Sniip

 

[kpc]

Tell 'em they're dreaming

Ditto!

Debit	VISA/MasterCard	VISA/MasterCard International	AMEX	Dinners
Incl. GST	0.65%	1.55%	3.00%	2.20%	2.65%

 

[SOPOOR]

so looks like sniip is back.
exsy fees though

EDIT: FAQ - Sniip

thatis horrible pricing

 

[mrtupperware]

Your table is misaligned - Visa / MC is 1.55, Amex is 2.2%

Very expensive!

Ditto!

Debit	VISA/MasterCard	VISA/MasterCard International	AMEX	Dinners
Incl. GST	0.65%	1.55%	3.00%	2.20%	2.65%

 

[bernardblack]

Isn't 2.20% (inc GST) better than the bottom tier of RewardPay? And if I'm reading correctly, it's not limited to business payers?

 

[bernardblack]

Actually I just saw this:



If it's dependent on the biller, what the hell is the point? What do Sniip bring to the table?

 

[Chimp]

Ferni method seems to be down, issues with PayPal unfortunately. Don't know how long it'll be out for...

 

[pangwen]

Ferni method seems to be down, issues with PayPal unfortunately. Don't know how long it'll be out for...

It’s been down for over two weeks now