How to Save Thousands in Credit Card Processing Fees with Global Processingby DAVIS BROWN PRC Agency
The quickest and easiest way for a business owner to save thousands in profit every month is to switch from traditional credit card processing to Global Processing Technologies Cash Discount Program. Let's look at two case studies:
Chris Nelson is the franchise holder of two locations of Rooster's, a men's barber shop, in Baton Rouge, Louisiana. He recently switched to the GPT Cash Discount Program and is on track to save over $35,000 in processing fees for the year. That's almost $3000 a month in savings. 100% of this savings is profit. Typically it would take $15,000 in gross receipts to make $3000 in profit. His average receipt is about $40. So he would have to gain 375 new loyal monthly customers in order to gross the additional $3000 that he's saving. With Global Processing Technologies, he made one fast, simple switch (which took about 15 minutes to complete) and is saving that extra income. of which he is able to use at his discretion to increase marketing efforts to gain new clients.
A second example is Tommy Lockhart, the owner of Johnny's Suprette who has increased his bottom line by over $4500 monthly by eliminating processing fees through the Cash Discount Program. His average sale is about $20 with only about $8 of that being profit. He would need around 563 new monthly customers to make that much of an increase otherwise.
The biggest hesitation that many businesses have expressed when considering making the switch is a fear of customer pushback. In the case of Chris Nelson, despite having a few thousand customers patronize his barber shop, he has only had a total of 2 customers ask about the convenience charge. One of them continues to pay with credit. The other just remembers to bring cash. Both are still loyal customers. For Tommy Lockhart, he has had a couple of customers decide to go elsewhere but ultimately the $4500 monthly gain far outweighs the loss.
Global Processing Technologies is in business to save other businesses money. They know that most small business owners are just making a living and providing for their families. Using the Cash Discount Program, Global Processing Technologies is saving businesses thousands to millions of dollars every month in processing fees. Visit www.gptpros.com to learn more.
Created on Jul 5th 2020 09:51. Viewed 351 times.