Cash discount program by North American Bancard? With the EDGE cash discounting program, paying for an item with cash will be relatively unchanged. Customers will see the advertised price of the item, go to the register, hand the cashier their cash, and purchase their item. No additional fee or surcharge will be placed upon the consumer. The merchant won’t have any processing fees for this transaction and the customer will also be able to escape without paying any fees.
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.
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? Discover even more details at Cash Discount Agent Program.
Ask for referrals: Too many financial advisors and bankers assume that their clients, friends, family, and network will refer them to others without prompting. If you do this, you might get a few referrals, but you’ll miss out on a huge opportunity to generate new conversations. Start by being more proactive and request referrals. Most people don’t think about the connections they have. It’s as simple as asking, “Do you know anyone else who might benefit from something similar?”
Perhaps one of the easiest places to find a senior discount is at your favorite restaurants. Though most chains offer discounts across the board, many smaller locations will as well. Be sure to ask about special event savings days or early dinner discounts available. Restaurants typically will advertise these discounts. Bloomin’ Brands: AARP members receive 10% off their meals every day at restaurants in the Bloomin’ Brands chain, which include Bonefish Grill, Outback Steakhouse, and Carrabba’s Italian Grill. British Airways: AARP members 55 and over are eligible to receive $65 off economy travel and $200 off business club travel. Trips must be booked by Jan. 31, 2019. Kohl’s: Shoppers ages 60-plus can receive 15% off every Wednesday. Marriott: Travelers ages 62-plus can save 15% or more on their room rate at Marriott brand hotels. While the rate is subject to availability, there’s no limit on the number of nights you can book. The deal applies to Marriott brand hotels worldwide.
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 at this website.