I just realized that we haven't actively been promoting the fact that our customers can sign up for a pre-authorized debit (PAD) agreement with us and have it make their lives so much easier.
When we first launched our service, we had required our customers to send in funds for their transactions using bill payment - which is the cheapest method (or it could be free depending on which bank you're with).
In May, we set up our system so that customers could select PAD as a payment option. This means all you need to do is book a transaction online, and PeerFX takes care of the rest. What do we mean by that?
Before: You book a transaction and you need to go to your online bank website to send a bill payment to us. The converted funds show up in your bank account after 4 business days.
AFTER: You book a transaction and see the money show up in your bank account after 4 business days.
Of course there's a reason why I have the before-after scenario, because I know that the AFTER scenario is much easier! Plus, it's not at an additional cost to the customer. Pretty sweet huh?