The Flex Rate Model is the best option for Taxpayers and Government. Different costs are associated with different card types: for example, debit cards cost significantly less to accept than cards with extensive rewards.The result is that consumers with low-cost cards, such as debit cards and no-frills credit cards, absorb a lower fee. 68% of consumers save with Flex Rate.
Flex Rate gives residents real-time information about savings, enabling them to reduce the service fee by choosing a lower-cost form of payment.
The patent-pending technology calculates the cost of the card the consumer chooses in real time, as the consumer types her card information within the payment page itself. Instead of charging a flat rate, Flex Rate automatically prices the service fee in proportion to what each transaction will actually cost.
Security solutions defend sensitive card payment information with EMV, encryption and tokenization.
Flex Rate gives the consumer real-time information about savings, enabling them to reduce the service fee by choosing a lower-cost form of payment. The conventional, flat-rate service fee model can be good for the institution—but it is not always good for its consumers. Through technological innovation, Flex Rate meets both of these important interests.