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CIT- e -NET. Internet Solutions For Local Government. Helping Local Government , Citizens and Local Business Work Together. CIT- e -NET. e -Payment Solutions Tax & Utility Payments. Payment Direct to Municipality by Taxpayer

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CIT-e-NET

Internet Solutions For Local Government

Helping Local Government , Citizens and

Local Business Work Together


E payment solutions tax utility payments l.jpg

CIT-e-NET

e-Payment SolutionsTax & Utility Payments

  • Payment Direct to Municipality by Taxpayer

  • Flexibility to Select & Change Bank & Credit Card Processor Without Losing Online Payment Capability & Payment Records

  • Full 24x365 Online Payment Capability


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CIT-e-NET

ACH & Credit Card

  • ACH Electronic-Check Payment Method

    • Use Municipality’s Bank

    • Municipality Can Select & Change Bank

    • No Transaction Fee

    • Municipality Convenience-Fee Option


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CIT-e-NET

ACH & Credit Card

  • Credit Card Payment Option

    • Municipality Can Select & Change Credit Card Merchant Services Processor

    • No Transaction Fee

    • Municipality Convenience-Fee Option

      (Merchant-Service Fee Paid By Taxpayer To Municipality to cover credit card processing costs)


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CIT-e-NET

Price vs. Cost What is the Real Cost?

HIDDEN COSTS

  • Transaction Interest Costs

    (Read The Fine Print)

    • Banking % Charges = $$$ Cost (1/10 of $1% x Deposit Balance = $$$)

  • Is Your Tax Data Secured or Sold?

    (Is a 3rd party selling your Tax Data?)


What is the real cost fee vs free l.jpg

CIT-e-NET

What is the Real Cost? Fee vs. Free

  • TRANSACTION-FEE BASED PAYMENTS

    • (Transaction-fee) x (Many Payments) = High Total-Cost & High Disincentive for Taxpayers

    • High Disincentive for Taxpayers = Fewer online payments

    • Fewer Payments = Lower Benefit for Tax Office & Staff


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CIT-e-NET

Pricing - Fee vs. Free

  • SUBSCRIPTION-FEE BASED

    • (No transaction-fee) x (Many Payments) = Low Total-Cost & High Incentive for Taxpayer

    • Higher Incentive for Taxpayers = Many online payments

    • Many Online Payments = Highest Benefit for Tax Office & Staff


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CIT-e-NET

Pricing - Fee vs. Free

  • TRANSACTION-FEE BASED

    • Catch-22 Scenario:

      Either

      • Transaction-Fee = Disincentive for Taxpayers = Fewer Online Payments = Low Benefit for Tax Office

        Or

      • Transaction-Fee (not being a disincentive) x Many Online Payments = VERYHIGHTOTAL COST for Taxpayers & Overall Municipality Constituent Base


Pricing fee vs free9 l.jpg

CIT-e-NET

Pricing - Fee vs. Free

  • Subscription-Fee = Lower Total-Cost

  • Subscription-Fee = Highest Benefit for Tax Office & Taxpayer


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CIT-e-NET

e-Payment SolutionsVendor Considerations

  • Things to consider when selecting a vendor

    • Price vs. Cost

    • Flexibility to Choose & Change

      • Bank

      • Credit Card Processor

    • Encourage or Discourage Use

    • Benefits to Taxpayers & Tax Office

    • Tax Data Security

      • Data Sold?

      • Intellectual Property?

    • Hidden Costs – Interest Analysis – 1/10 of 1% = ?

    • Lost Revenue (Interest) is Cost


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CIT-e-NET

e-Payment SolutionsTax & Utility Payments

  • CONTACTCIT-e-NET

    [email protected]

  • VISIT CIT-e-NET

    www.cit-e.net


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