Posted by Marian Vasilescu on July 11, 2020 in Finance
Cash discount reseller program from Shaw Merchant Group? With a cash discounting program, you can actually kill two birds with one stone, and that is by selling the program to a merchant at an undeniable deal while also increasing your profit. Sounds unreal? Let me make it as real as things can get. First Let’s See How the Traditional Selling is Done? Imagine a 7 Eleven kind of store getting $10k via credit cards and paying $300 in fee on it. Now in order to sell your program to the merchant, you will have to reduce your profit and offer him to pay $250 in fee using your program and save $50.
Examples of Surcharges? A variety of industries, such as the telecommunications and cable industries, regularly use surcharges to offset costs imposed on the business through federal, state, or local regulations. When regulations impose additional costs on the market, the business may adjust the surcharge instead of the price of the good or service. The fee is still being passed on to the consumer, but it is being done so in a more indirect way, through the surcharge. For example, a customer may see a regulatory recovery fee on a cable bill. The purpose of the regulatory recovery fee is to offset the burden on the cable provider for certain voice service fees imposed by various government entities. Another example of a cable surcharge is the fee to provide sports programming to the viewing market. In this case, the charge is to offset the premium the cable provider pays for the ability to broadcast the events.
Even in this day and age, word of mouth can make or break your organization. Social proof can stand between your sales team and their next sale. Customers want to know if your solution works for other organizations and what the sales and customer success process is like. Use case studies, testimonials, and even third-party review sites to your advantage.
To recover all the fees charged by the credit card association, the vendors might include the small surcharge. During any Cash Discount Merchant Processing, it anatomically deducts the surcharge fee from the customer. This is not available for debit cards. Only credit card holders can give out the surcharge fee. Therefore, you will see the surcharge only on the credit card transactions. There are certain guidelines issues to the card association on how the surcharge is charged. See even more information on Best Cash Discount Program.
Succeed with selling financial services on LinkedIn: LinkedIn is a powerful tool for financial sellers. We recently found that 82 percent of buyers look up providers on LinkedIn before replying to their outreach efforts. Make a good first impression with a complete profile, professional picture, and messaging geared toward your clients. If the last time you used LinkedIn was to land a job, it’s probably not communicating what you want. LinkedIn is also a great way to connect with potential clients and generate meetings. Find connections through your network. Join groups and ask and answer questions. Send messages to your connections to stay top of mind and strengthen those relationships.