Cash discounting by Shaw Merchant Group? 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.
Understand your customer’s motivations and tailor your product’s value to their specific needs. This means you can’t use the same generic pitch for every customer. What’s the best way to do this? Research your customers, distribute surveys, and gather feedback from current customers, as well as potential customers as you build a relationship with them. Why should customers care? If they have a problem, you should present your product as a solution to that problem.
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. See extra details at ISO Cash Discount Program.
Lead with value: When reaching out to your network and potential buyers, don’t lead with a capabilities pitch. Instead, lead with an offer of something valuable. Offer to evaluate their current portfolio and make suggestions. Offer to share research you or your company recently conducted. Offer to share best practices in asset allocation you’ve discovered from your work with others in similar situations. Whatever your offer, make sure it adds value to the buyer in the initial meeting itself. Do this and you’ll generate far more conversations.
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. 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.
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. See even more info on here.