Cash discounting from North American Bancard
Cash discount agent program from North American Bancard? The main draw of this program is that it is going to help put more money in the pockets of the businesses that you are working with. Your merchants will be able to experience higher profits because the EDGE Cash Discount Program is designed to eliminate the processing fees for merchants, which can range anywhere from 2-4%. This might not sound like huge savings, but when you put it into the context of dozens of transactions a day, it becomes a real expense that businesses must plan for.
There’s an incredible amount of emotion that goes into B2C sales. Consider small businesses selling their product for the first time, or the first time someone buys a car. There is so much riding on that one transaction because it’s based more on emotion. B2B sales can be rather cut and dry—strategic and rational. There is a strategy in place to ensure the sale happens, and again, there’s multiple stakeholders on each side to help move the buying process along.
The Cash Discount Program is Great for Business? You may think the cash discount program would turn off your credit card paying customers, but it won’t. A majority of customers don’t mind paying a small fee, (cents on the dollar really) for the convenience of carrying credit cards versus cash. You and the customers come out the winner in the deal. You show honesty and integrity by providing signage that lets customers know of the fees if they use a credit card and you reward those that choose to pay cash. Eventually, more customers will catch on and have cash available when they shop at your store – after all, who doesn’t love a little discount, right? Find extra information at Cash Discount Merchant Services.
The way to do this is to gain permission to give an overview. Say something like, “I realize we’ve been working together for a few years, and we’ve never done a general overview so you know what we bring to the table. We have some major differences from our competitors in terms of offerings, and some new areas that I think could make a difference for you. At some point, do you mind if I give you the round-the-world overview?”
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. McDonalds: A discount here could help you to get a free cup of coffee or a discounted price on one. Locations vary significantly in what they offer to seniors. Chick-fil-A: This location provides a free, refillable senior drink with a purchase. It doesn’t apply to coffee, though. Subway: Individual locations differ significantly. However, many locations will offer seniors a discount of 10 percent on their purchase. Cracker Barrel: A discount senior menu is available at this location. Olive Garden: Olive Garden offers senior pricing for early bird dinners. Red Lobster: Seniors may be able to find discounts through a senior menu provided. Applebee’s: Discounts here vary but can be as much as 15 percent.
Don’t let the last tip discourage you; there are many other businesses out there that are perfect candidates for the program. Make a list, approach them and tell them how you can take down their credit card payment processing fee to zero dollars, they’ll be hooked from the start. Selling a cash discount program is challenging for those who don’t know how to approach businesses; however, with the selling process mentioned above, you should do just fine. But what they don’t know is that the full price is actually the original price of product + processing fee. So, in the end, the merchant just deducts the fee from the original price and use it to pay for the credit card processing. Find even more information on this website.