Posted by Patrick Moreau on July 16, 2020 in Finance
Cash discounting program from Shaw Merchant Group? In addition to the no-obligation and no-cost contract with this trailblazing cash discount program, you’ll also be able to offer your merchant free equipment to help make the transition easier for their business. This all begins at the POS system, which is the channel through which every transaction in the business flows. You’ll be able to offer your merchant an updated POS system that has everything they need to make the switch to the EDGE cash discount program in a smooth and organized manner.
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.
How Merchants Benefit from the Cash Discount Program? It may seem strange to advertise that you offer discounts for cash buyers, but it has its benefits: You’ll reduce your fees. The fewer credit cards you process, the less you fees you pay. You’ll have access to your funds faster. With more incentive to pay cash, more customers will do so, giving you instant access to your revenue. Fewer credit card purchases means a lower risk of chargebacks. Find more information on Cash Discounting Program.
Connect with buyers and uncover their full set of needs: Before a prospect opens up and shares their finances and goals with you, you must develop rapport and trust with them. Once trust is developed, you can uncover their needs and desires. Say you’re a banker talking to a customer about setting up a checking account. Don’t just be an order taker. Ask them about their home situation. Are they moving to the area? Perhaps they need a mortgage. What does their portfolio look like? What stage in life are they (just starting out, highest earning part of their career, or preparing for retirement)? When talking with potential clients, be sure to ask about and understand their full financial picture. Only then can you propose the best, most robust solution.
It can be a bit tricky to determine when a senior discount applies. Most establishments determine this on their own. There is no technical definition of when a senior is actually qualified. However, most organizations have a policy, and that information can apply to your case. For example, many auto insurance companies will provide a senior discount to those who are over 50. Many restaurants offer these discounts for those over the age of 55. And, some retailers begin offering discounts to those who are over the age of 60. The key here is that you do need to ask to get these savings options. Golden Corral: Ask for a discount here. They vary from one location to the next, but are often discounted meal prices. Denny’s: For a deep savings on meals, visit this location. Many offer up to 15 percent off. AARP members could get a lower price significantly. Outback: Outback’s senior discount is for AARP members. They can save up to 10 percent on their purchase here. Taco Bell: Most Taco Bell locations provide individuals with a discount of five percent off their meal. Most also provide free beverages to seniors when requested. Burger King: Seniors may be able to get a 10 percent discount plus additional discounts on drinks at Burger King.
Selling the Terminal on Lease: Now that your merchant is hooked on your offer, this is the time you sell him the terminal on lease and get a monthly rental income. You can tell the merchant to automate his cash discounting process with this terminal and make life easier. However, these payment processors are tough to program for specific functions like deduction of a set fee. So you can ask him to pay you a monthly fee for the terminal and justify this fee by telling the part about handling programming of the terminal. This can be just $29.95, which the merchant will gladly accept as you just saved him from paying $300 a month so he can at least pay 10% of it for the added benefit of terminal. So this is how selling cash discounting program works and how you can get that Mercedes you want. Find even more information on here.