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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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slide1
CIT-e-NET

Internet Solutions For Local Government

Helping Local Government , Citizens and

Local Business Work Together

e payment solutions tax utility payments
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
ach credit card
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
ach credit card4
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)

price vs cost what is the real cost
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
CIT-e-NETWhat 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
pricing fee vs free
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
pricing fee vs free8
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
CIT-e-NET Pricing - Fee vs. Free
  • Subscription-Fee = Lower Total-Cost
  • Subscription-Fee = Highest Benefit for Tax Office & Taxpayer
e payment solutions vendor considerations
CIT-e-NETe-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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