1 / 12

Internet Solutions For Local Government

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

EllenMixel
Download Presentation

Internet Solutions For Local Government

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. CIT-e-NET Internet Solutions For Local Government Helping Local Government , Citizens and Local Business Work Together

  2. 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

  3. 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

  4. 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)

  5. 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?)

  6. 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

  7. 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

  8. 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

  9. CIT-e-NET Pricing - Fee vs. Free • Subscription-Fee = Lower Total-Cost • Subscription-Fee = Highest Benefit for Tax Office & Taxpayer

  10. 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

  11. CIT-e-NET e-Payment SolutionsTax & Utility Payments • CONTACTCIT-e-NET info@cit-e.net • VISIT CIT-e-NET www.cit-e.net

More Related