Bank Electronic Settlement versus Traditional Freight Payment
Banks make millions on the margins. If you pay your carriers using a credit card model for settlement your reputation could be the victim when stakeholders or senior management realize they’ve been stung. This article will help you clearly understand how the merchant fees and rebates work.
This article will cover:
- How bank electronic settlement works
- The pitfalls and problems of using a credit card for capital expenses such as freight
- The cash flow model in bank electronic settlement
- How traditional freight payment solutions save you thousands over credit card electronic settlement