ISO cash discount program and selling advices? Apart from the POS system, you will also be able to offer signage and marketing materials to your merchants to help them advertise and raise awareness for the program. These materials help everyone to feel on the same team and help your merchants feel as if they have the resources that they need to succeed. One of the main challenges that merchants face when trying to change the way that they accept payments and charge their customers is the ease with which they can explain the change to their loyal customers. Merchants are not easily convinced to make a major change for fear of angering their long-term customers or confusing them. This giant hurdle is what holds many merchants back from moving forward or making productive changes.
Highlight your strengths and differentiators that set you apart from the competition. Motivate prospective customers to learn more. Your value proposition should be comprehensive, yet brief, and solve specific pain points for the customer. When possible, quantify value for your customers—provide a concrete and tangible ROI. And of course, continually reinforce your values to the customer.
When you use the Cash Discount Program, you must make it known that you offer cash buyers a discount on the total cost of the items and customers paying with a credit card pay the full, listed price. This isn’t a surcharge – you aren’t penalizing credit card paying customers. Instead, you’re offering cash discounting or rewarding cash-paying customers. You have a product listed for $20. John comes in and buys the product for $20, paying with a credit card. John pays $20. Jan comes in and buys the product for $20, paying cash. Jan pays $19.20 because she gets a 4% discount for paying cash. Discover more details on ISO Cash Discount Program.
Be proactive: Clients want to know that you’re thinking about them. They want to feel special. Too often financial advisors and bankers let too much time pass between talking to their current clients because they don’t want to be viewed as a pest or come across too salesy. However, your clients want your advice. Be proactive and give it to them. If you read something on LinkedIn’s Financial Services blog that you think is applicable, send it along. If one of your clients is looking to expand in the Chinese market and you read an article about U.S. companies trying to break through, highlight the important part and suggest a phone call to discuss the implications. Don’t sit back and wait for your clients to reach out to you. Stay in constant contact. This will strengthen your relationships, help you uncover new opportunities, and protect your clients from your competitors.
Many internet service providers recognize that seniors are one of the fastest growing segments in new internet use. And, they are on a fixed budget. That is why many will offer discounts on plans. Regal Cinemas: Seniors may qualify for reduced costs. Seniors can save up to 30 percent. Marriott: Seniors booking their hotel stay can reduce costs up to 10 percent. Disneyland and Disney World: Seniors may qualify for some discounts throughout the parks. Limited admission discounts are not available any longer. American Airlines: There are various senior discounts that apply to various trips. Call to find out which are available. Amtrak: Senior pricing is available for most Amtrak locations. This ranges from 10 to 15 percent off. Alaska Airlines: Seniors will save a significant amount of money with discount plane tickets. However, discounts vary from one time frame to the next. Most commonly, seniors can save 10 percent. Southwest Airlines: Seniors over 65 who are traveling with Southwest Airlines may be eligible for Senior Fares. These are available online and for international and domestic travel. You can also purchase Senior Fares through a customer service representative at the airline or a travel agency. You will need to arrive early at the gate to be able to prove your age in order to be checked in for your flight.
Let’s Make Things Easier With an Example: A store sells baseball gloves at the price of $10 each. There’s a signage on the door that says, ‘We have a discount on cash payment while all credit card payments will be made on full price”. Now, if the payment is made via credit card, you will charge $10.5, which the customer will assume is the actual non-discounted cost of the gloves. Now let’s put this example in our previous 7 Eleven kind of store scenario. Here, we will have a 4% surcharge on credit card payment instead of $0.50 from the example because we are allowed to have a 4% charge max. So if the baseball gloves seller is doing $10k a month in credit card payments, we will tell him that instead of paying a $300 fee from your pocket, you put a 4% fee on credit card payments. Read extra details at https://www.shawmerchantgroup.com/.