Subscriptions & Success Fees on old Debt
When you sign up for the software you can select between three different subscription packages.
- Free (10 Active accounts with unlimited uploads)
- $49 per month and (100 Active accounts with unlimited uploads)
- $99 per month (300 Active accounts with unlimited uploads)
Subscriptions are paid monthly and can be upgraded at any time.
Success Fees are charged on old debt collected by your software.
No fee payable up to 4 months old
10% from 4 months to 1 year
30% between 1 year and 2 years
50 % 2 years and older
All percentages reflected are as a percentage of the paid amount, whether part or in full. Commissions are also charged on manually entered amounts where the software has assisted in the collection of the account payable.
Should a debtor register a dispute with you, the dispute action will place reminders on hold whilst you take time to review and either approve or decline. Disputes are charged in the software at 0.20c per dispute.
Success Fees are charged on debt received where the period is calculated between the original invoice date (your date added in the software) and the payment date/s.
Multiple payments received as a result of either part payments or a payment plan result in success fees charged per payment made using the effective payment date and amount paid.
Invoice payments less that 120 days old are not charged a success fee. You will only pay your monthly subscription fees.
An active account uses 1 (one) allocation in your subscription. Whilst Carol is chasing an active account the allocation remains active. Once an account is paid in full or reaches the end of the collection cycle, it is closed and an in queue invoice is allocated.
You can upgrade at any time from one subscription to another. Downgrades are not possible due to active cases in progress.