Unlock the Power of Jüulio™ TransCost™: Simplify Transaction Fees and Boost Your Business Efficiency
Say goodbye to manual fee calculations and hello to a streamlined, accurate, and compliant process that saves you time and money!
Are you tired of losing track of those small, yet essential transaction fees that pile up during sales and payments? With Jüulio™ TransCost™, you can finally streamline this process and ensure that every payment method—from credit cards to wire transfers—is handled with precision, accuracy, and compliance.
What is Jüulio™ TransCost™?
Jüulio™ TransCost™ is an innovative feature built into the Jüulio™ Platform, designed to automatically calculate and apply transaction fees to every sale. Whether you are accepting payments via credit card, wire transfer, peer-to-peer payment, or any other electronic method, Jüulio™ TransCost™ ensures that these fees are accounted for. This means that from the moment you create an estimate, invoice, or point-of-sale transaction, the system integrates all transaction fees directly into your pricing structure. This keeps your business fully aware of costs well before a sale or service is completed.
How Does Jüulio™ TransCost™ Work?
The magic behind Jüulio™ TransCost™ is in how effortlessly it integrates into your sales process. Here’s how it works:
- Transactional Cost Calculation: The system calculates transaction costs based on the payment method used. This could be a percentage fee for credit card payments or a fixed fee for wire transfers. These costs are automatically added to your inventory items, service estimates, and final invoices.
- Summation and Invoice Generation: After adding up the transaction fees for each item, Jüulio™ TransCost™ generates the total cost, which is then reflected in your final invoice. This ensures complete transparency, so you know exactly how much each transaction costs you.
- Easy Integration: Jüulio™ TransCost™ is enabled by default when you use the platform, making it a seamless part of your business operations. If you ever need to deactivate it for a specific transaction or change the settings, it can easily be done in your account management area.
- Compliance at Every Step: Jüulio™ TransCost™ adheres to Generally Accepted Accounting Principles (GAAP) and Payment Card Industry (PCI) standards, ensuring your business remains fully compliant with industry regulations. This protects your business from potential penalties and guarantees that your transactional data is safe and secure.
Key Benefits of Jüulio™ TransCost™
Using Jüulio™ TransCost™ provides a host of advantages that can transform the way you handle your business transactions:
- Proactive Cost Management: With Jüulio™ TransCost™, you always have a clear picture of your transactional costs, even before the sale is completed. This feature helps you anticipate costs and avoid surprises down the line.
- Accurate Pricing: Say goodbye to underestimating the true cost of doing business. By automatically integrating transaction fees into your pricing structure, you can be sure that every item you sell reflects its true cost—including fees. This ensures you’re not losing money on hidden expenses.
- Regulatory Compliance: The built-in compliance with GAAP and PCI standards means you don’t have to worry about whether your business is following the rules. Jüulio™ TransCost™ keeps you in line with industry regulations, ensuring your transactions are secure and legally compliant.
How to Enable or Disable Jüulio™ TransCost™
Jüulio™ TransCost™ is automatically enabled because we want you to start saving right from day one! However, if you decide to turn it off (though we recommend keeping it on for the best savings), here’s how you can do it for both Jüulio™ Main and Jüulio™ PC:
For Jüulio™ Main:
- Login to the website version of Jüulio™ Main at https://main.juulio.com.
- Go to the Settings section within your Jüulio™ platform.
- Click on the Jüulio™ logo at the top left to open the auxiliary menu.
- From there, navigate to Settings, and select General Settings.
- In General Settings, you’ll find the option to activate or deactivate Jüulio™ TransCost™.
For Jüulio™ PC:
- Login to the website version of Jüulio™ PC at https://pc.juulio.com.
- Click the Account menu on the sidebar.
- Select Cost Management in the Account tab.
- In the Cost Management tab, you can opt in or out of Jüulio™ TransCost™.
To deactivate Jüulio™ TransCost™, you’ll need to complete a two-factor authentication where a code is sent to your phone. This ensures it isn’t accidentally turned off by you or anyone on your team.
It’s also important to know that Jüulio™ TransCost™ is linked with Jüulio™ TierPro™, a feature that lets you use the platform for free based on your sales. If you turn off Jüulio™ TransCost™, it will also turn off Jüulio™ TierPro™, meaning you could lose out on some big savings!
How Jüulio™ TransCost™ Can Work for You – An Example
Let’s walk through a scenario to see how Jüulio™ TransCost™ can make a difference in your business:
Imagine you’re creating an estimate for four items, each priced at $10. In this case, the transaction fee is 2.9%, plus a $0.30 fixed fee for the entire sale. Here’s how Jüulio™ TransCost™ handles the fees:
- Percentage-Based Fee: For each item priced at $10, a 2.9% fee will be applied, making the new item price $10.29.
- Fixed Fee Allocation: The fixed $0.30 fee is divided across the four items, adding $0.075 to each.
- Final Price per Item: The final price for each item becomes $10.365.
The total estimate for these four items would be $41.46, and Jüulio™ TransCost™ ensures that every fee is accounted for, giving you accurate pricing from the start.
Why You Should Use Jüulio™ TransCost™
Jüulio™ TransCost™ is not just about handling transaction fees; it’s about empowering your business. By simplifying the way fees are calculated and applied, you can focus on what matters most—growing your business. You’ll save time, reduce errors, and maintain financial transparency, all while staying compliant with industry standards.
Here’s why you should make Jüulio™ TransCost™ part of your business today:
- It’s Automatic: Once you activate the feature, Jüulio™ TransCost™ works in the background, ensuring every transaction is handled correctly.
- It’s Customizable: If you need to deactivate the function for certain transactions, you can easily do so without affecting future transactions.
- It’s Secure and Compliant: The built-in compliance with GAAP and PCI standards ensures that your transactions are not only accurate but also protected.
Conclusion
With Jüulio™ TransCost™, managing your transactional costs has never been easier. Whether you’re dealing with credit card payments, wire transfers, or peer-to-peer payments, Jüulio™ TransCost™ takes care of everything.
Get started today with Jüulio™ TransCost™ and take control of your business finances like never before!