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Yes, obviously that's an option, but it's one that gives up revenue. At that company most clients were billed monthly, and it was a small-ish company, so the lo
by Merad 4y ago
Yes, obviously that's an option, but it's one that gives up revenue. At that company most clients were billed monthly, and it was a small-ish company, so the loss wouldn't be huge (I'd guess mid to high 5 figures). However many payment processors do daily billing, meaning you'd be giving up a penny every few days instead of every few months.
I also overstated the customer impact... perhaps 1% of customers would inspect every detail of their statements and they tended to be annoyed by it. The overwhelming majority didn't notice or care.
- jqpabc123 4y agobut it's one that gives up revenue. Done consistently and properly, it is just as likely to *gain* revenue. Over the course of time and probability, it should be revenue neutral. I suggest looking into "banker's rounding".