Download the QuickFi SG&A Pricing Comparison
SG&A Comparison
QuickFi’s digital, embedded finance platform costs $799 per booked transaction, with no additional costs for credit declines or any prebooking services. This pricing is less than 1/3 of the cost of the industry average1 according to the benchmark small ticket SG&A data from the 2023 ELFA Survey of Industry Activity.
QuickFi reduces expenses by:
✓ Dramatically reduce employee costs including salaries and commissions in credit, collections, operations, customer service, I.T., compliance & regulatory services.
✓ Reduce ongoing compliance and frequently changing state and CFPB disclosure requirements with built best-in-class BSA/AML, fraud prevention, verification, disclosure, and security capabilities.
✓ Establish a new digital delivery model embedded into equipment sales channels with a frictionless, highly differentiated transaction processing capability.
✓ Remove friction on repeat transactions and shield top customers from competitors by enabling instant repeat business capability to dramatically increase total customer lifetime value (CLV).
1Methodology, Assumptions, & Data
The $3,119 average industry cost per small ticket transaction is calculated from the 2023 ELFA Survey of Industry Activity Report (SEFA) and the 2023 ELFA Small Ticket SEFA Report.
The $3,119 cost is derived by dividing the Net Sales Expenses (Figure 17f. Cumulative Income Statement by Market Segment, Compared to Net Adjusted Revenue, page 80 of the SEFA report) by the Number of Applications Booked, Funded or Sold (Figure 14a. Applications Processed by Type of Organization for Small Ticket, page 42 of the Small Ticket SEFA Report). The math is $1,964,552,999 divided by 629,896 = $3,119.00 per transactions cost. The current industry cost per small ticket transaction incurred by the large small-ticket bank and finance companies participating in the the ELFA surveys has increased by $500 per transactions during the past five years.
