How Does Eventzilla Payments Compare With Other Online Payments
When organizing an event, managing payment processing fees is a critical aspect of maximizing your revenue. Eventzilla Payments offers a unique advantage over other popular payment processors like PayPal, Stripe, and Square: the ability to pass on the online payment processing fee to your attendees. This feature can significantly impact your event's profitability. In this article, we’ll compare Eventzilla Payments with other payment processors, break down their fee structures, and demonstrate how Eventzilla Payments can help you save money.
Why choose Eventzilla Payments?
The standout feature of Eventzilla Payments is its ability to pass on processing fees to attendees. This means that instead of absorbing the transaction fees yourself, the fees are added to the ticket price, ensuring your revenue remains untouched. In contrast, other payment processors typically require the event organizer to bear the transaction fees, which can eat into your profits.
This unique benefit makes Eventzilla Payments an ideal choice for event organizers looking to maximize their revenue while providing a seamless payment experience for attendees.
Payment processing fee comparison breakdown
To illustrate the financial impact of using Eventzilla Payments versus other payment processors, let’s analyze a sample scenario:
- Ticket Price: $100
- Total Number of Registrations: 100
The total revenue from ticket sales (before processing fees) is:
Total revenue = Ticket price × No. of registrations = 100×100=10,000
Now, let’s calculate the processing fees for each payment processor based on their respective fee structures.
Payment processor fee comparison
| Payment Processor | Fee Calculation per Registration | Total Fee for 100 Registrations | Total Revenue After Fees |
|---|---|---|---|
| PayPal | (2.99% of $100 + $0.49)= $3.49 | $349 | $10,000 - $349 = $9,651 |
| Stripe | (2.9% of $100 + $0.30) =$3.20 |
$320 | $10,000 - $320 = $9,680 |
| Square | (2.9% of $100 + $0.30) =$3.20 |
$320 | $10,000 - $320 = $9,680 |
| Eventzilla Payments | (2.9% of $100 + $0.99) =$3.89 |
$389 | $10,000 (Revenue remains untouched as the fee is passed on to attendees) |
Kindly note that this calculation solely pertains to the comparison of payment processing fees and does not encompass the Eventzilla registration fee. The latter is levied in addition to the payment processing fee and may also be passed on to the attendees at any time.
Here’s a concise table comparison based on the provided key insight:
| Payment Processor | Total Revenue after bearing processing Fees | Key Insight |
|---|---|---|
| Eventzilla Payments | $10,000 | Allows organizers to pass the processing fee to attendees, keeping the revenue fully intact. |
| PayPal | $9,651 | Organizer bears the processing fee, reducing the total revenue. |
| Stripe | $9,680 | Organizer bears the processing fee, reducing the total revenue. |
| Square | $9,680 | Organizer bears the processing fee, reducing the total revenue. |
By choosing Eventzilla Payments, you can ensure that your revenue is not diminished by processing fees, allowing you to retain the full $10,000 from ticket sales.
This makes Eventzilla Payments an excellent choice for event organizers looking to maximize profitability while delivering a seamless payment experience for attendees.
For more information or assistance with Eventzilla Payments, contact Eventzilla Support at help@Eventzilla.net.
Choose Eventzilla Payments and keep your event’s finances in great shape while focusing on creating unforgettable experiences for your attendees!