Cash discounting program and selling tricks? With the EDGE cash discount program, merchants won’t have to worry about these fees because they will be passed on to the consumer instead. This is a great selling point for your merchants because it eliminates a cost that they would otherwise have to pay and saves their business money. There is no cost to enroll for the program, so they only have money to gain from enrolling in the program.
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.
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. Read extra details on Cash Discount Agent Program.
Make sure clients know about all your products and services: Too often financial advisors and sellers assume their clients know more about them than they actually do. There are likely only a few clients who are aware of all the products and services you offer. In fact, many of your clients might be using another provider for services you offer. It’s up to you to communicate your full range of service offerings. You don’t necessarily need to be the expert in each service area, but you need to know enough to uncover opportunities. Once you do that, you can refer your client to the appropriate expert within your company.
Below are some types of common senior discounts. Take a closer look at this list. If you use these services, be sure to ask your favorite businesses about available discounts. Many times, this is a simple way to save a significant amount of money. You just need to ask for the savings. Ross Stores: Seniors can get 10 percent off if they shop on Tuesdays in the store. Those over 55 qualify for this discount. Walgreens: Walgreens offers lucrative senior discounts. Seniors can save 20 percent off one time a month. Seniors need to use their Balance Rewards to obtain the discounts. Rite Aid: At Rite Aid, seniors can obtain a 10 percent discount on Tuesdays. Additionally, seniors receive a 10 percent off discount on prescriptions. Banana Republic: Seniors can get up to 10 percent off. Walmart: Walmart offers very few discounts to seniors. Some locations can offer reduced costs to seniors some days each week. Savers: Many locations offer discounts, up to 10 percent. However, some do not offer any discounts to shoppers.
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. Discover even more info on here.