The Payswyft system is free to consumers to use but is also highly cost-effective for companies and other organisations. This is true on both the electronic billing and payments side of the equation.
Electronic billing cuts out a whole host of direct and indirect costs for an organisation. On the direct side this includes existing expenses related to physical billing, such as bill/invoice file preparation time and cost, postage or franking, paper and envelopes, printing costs, non-delivered bill costs and the on-going cost of bill/invoice storage space. On the indirect side, there are often more hidden but nonetheless real costs that can be reduced or eliminated by consumer take-up of the PaySwyft solution. This includes reduced processing errors, easier accounting and reconciliation, more easily handled bill/invoice queries and last but not least the "green" benefits. All of this often leads to opportunities to free up considerable employee time and resources.
PaySwyft offers many more payment options that might be currently used by an organisation, thereby giving a consumer much more choice and flexibility about how to pay. In addition our fees are highly competitive and we can therefore often offer a reduce cost per transaction. On the more indirect side of things, Payswyft can often accelerate cash-flow and reduce working capital.