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Do you know the price point at which purchase orders predominate over credit cards for payment? I'm launching a product soon and I plan to price it at $6k per y
by Hume 15y ago
Do you know the price point at which purchase orders predominate over credit cards for payment? I'm launching a product soon and I plan to price it at $6k per year.
I assume that the software will be paid for by PO but if anyone here has a different view, I'd like to hear from you.
- andrewcross 15y agoYou'll likely need to go the purchase order route. My software is priced around $2.5K and it seems to be the transition zone between credit card & purchase order (at least from my experience). One interesting thing you'll notice is Amex is much preferred at higher credit card levels (e.g. $3K vs. $1K). If you plan on pricing your product above $1K and want to use credit cards, make sure you support AMEX.
- caublestone 15y ago$10k is the most common threshold Ive seen. However, there are other issues that come into play, like if your product requires the exchange of NPI (Non-public information).
- bradfa 15y agoMy former employer (>150k employees) had MasterCard limits that were $3k per purchase and $15k per month per card. Those were hard limits. Anything over that had to go through POs. Amex was only to be used for travel, couldn't use them for purchasing products. Current employer (<50 employees) has us use our personal cards and get reimbursed. Anything over a few hundred is going on a PO.
- bliss 15y agoSorry, just saw your response. I need to use a PO for most any one off purchase over couple of hundred pounds and always for anything that involves a recurring charge.