CardFox Payment Consultants & Brokers

#HIRING CLOSING DATE THIS FRIDAY 20th SEPT. Are you a top business developer/sales person whom isn't earning what you should be? More choices, more business, more income!

#HIRING Closing date is THIS FRIDAY 20th Sept at 5pm. A massive opportunity to expand your sales potential in the payments sector. More choices, more opportunities, more income! #salesjobs #businessdevelopment

#HIRING Only 1 more week to get those applications in! How many sales could you complete if you had access to: - 15+ different banks/processors - Integration ability with 000s of ePOS, software, online platforms - Access to A2A/Pay BY Bank in addition to card processing all within the same portal - Access to 6+ different terminal manufacturers - Inhouse expertise on VISA mitigation schemes - Ability to board high risk merchants in addition to traditional MIDs - Ability to board merchants in Ireland, The UK & 47 countries globally - Access to all 3 transaction price calculation methods (Blended/Interchange++ & Mixed) to use in the best interest of each client - Work remotely with no daily commute - With such a range of choice you have the ability to provide independent advice in the best financial interest of each individual client based on their bespoke needs Get your application in TODAY- CV & covering letter to info@cardfox.ie ALL APPLICATIONS TREATED IN THE STRICTEST CONFIDENCE

REDUCE THE COST OF COMMERCIAL DEBIT CARD PAYMENTS BY UP TO 60% WITHOUT ALWAYS HAVING TO SWITCH PROVIDER. (Commercial debit processing costs a massive problem for the entire Irish B2B sector since Oct 2022) - 80%+ of merchants can retain their existing processor & still activate these reductions - Identify what card type is being offered by your customers even when accepting over the phone (card not present) payments - Choose between payment methods all in the same portal Speed up settlement time frame, increase card not present security, massively reduce processing costs. CardFox- independent payment consultancy. info@cardfox.ie or 01-5363263

***Online Retailers/Web Developers*** You have built and designed a beautiful website and helped to have it highly ranked via SEO etc to help make lots of sales. Now that you are making sales you need to get paid and here are some pointers on how to: 1. Speed up how quickly you receive your funds (same day or next business day being the optimum) 2. Control/reduce the cost of transactions to the minimum level possible 3. Ensure maximum security of payments to help avoid charge back/fraudulent transactions 4. Offer your customers as many payment options as possible- make it easy for them to pay. 5. Ensure high successfully completed transaction rates- minimum levels of friction possible. - Have you ever considered what the cost of payment processing online is eroding from online sales margins? - Are you using the same gateway/check out for any website selling €5k per month as others selling €50k+ per month? - If using platforms such as Woo Commerce, Shopify etc - have you considered if a "plug in" from main stream acquiring Bank would offer improvement to standard gateways offered directly on platform? (We have seen plenty of cases where up to 80% cost reductions available) - How many days are merchants waiting for receipt of funds from some gateways? In some cases this can be 3-14 days whereas there is likely potential to have next business day i.e. faster cashflow. - Are you selling to mainly domestic/Irish market? Why pay 1.50% + €0.25 or even up to 2.50%+ to some platforms when it may be possible to reduce these costs to less than 0.50% + €0.05 for some card types? - If you are selling internationally- does your gateway offer dynamic currency conversion (DCC) in a bid to offset expensive card scheme international interchange fees? - Does your gateway offer your customers the ability to pay using wallets and digitally direct from bank account? - Does your gateway only facilitate payment processing from ONE acquiring Bank? Why not utilise a structure which can accommodate multiple banks and have some competition on fees and functionality? - Would your customers prefer to see that a well known, branded acquiring Bank is completing the payment processing journey? If your online sales channel has grown post Covid and you have invested significantly on selling via e-commerce it is vital to consider your full range of payment options from the global market and have your gateway/processing costs, settlement time frames and all functionality compared with the myriad of options from the broader market to ensure that you are getting the best value. www.cardfox.ie Independent advice - "an investment in knowledge always pays the best interest"- Benjamin Franklin

Card Payment Transaction Pricing- Explain? The "cost/rate" any business pays for card payment processing is derived from the same equation each time: Interchange (Card scheme base costs) + Scheme Fees + Bank/Processor Margin = Cost/Rate Applied to Merchant Lets break this down. Interchange is different for each card scheme (Visa, MasterCard, Amex etc), card type, (debit/credit), whether the card is personal or business, how the transaction is processed- contactless/chip & pin or card not present, and where the card originates from (domestic, intra EEA or international) Scheme Fees (which are subject to change) depend heavily on the value of the transaction. For example a scheme fee on a large transaction has very little % impact but the same scheme fee applied to a low value (<€10) could actually be as high as interchange. Bank/Processor Margin-this can be applied either as a % percentage of transaction or cents per item. How it is applied can make a massive difference - % percentage calculation hurts large value payments i.e. even 0.10% of €1000 is €1.00 whereas 0.10% of €10 is just 1c even though its still one transaction. Average transaction value & the method used are critical to finding the correct structure. If your business receives a "quote" of say 0.50% for a particular card - this is not all bank/processor profit. That rate contains interchange/scheme fee & margin. Interchange cant be influenced but a good consultant can help to ensure the correct price calculation method and minimise the banks margin in so far as possible. Quotes-a truly awful term-considering there are close to 200 different transaction types/sub types yet businesses often receive a quotation for circa 5-6 specific card types leaving over 190 "unquoted" plus a plethora of auxiliary fees which can be used to recoup any perceived discount. The 3 formats which pricing or quotes can be provided are: 1. Blended (flat percentages) 2. Interchange++ this is where the bank processor passes through Interchange & Scheme Fees at cost and apply their margin (generally as a combination of % & cents per item)- be careful you don't mistake the margin for the actual full rate which will be applied- a common mistake. 3. Mixed- where interchange/scheme fees are passed through at cost and the bank processor applies their margin in cents per item Ringing around to get "quotes"-often a waste of time. Getting a list of rates and then picking what looks like the lowest number? What about the 190+ other rates/fees that may appear on your statement? We regularly see cases where some card categories are "quoted" below interchange & scheme fees and look unbeatable- why? Because the rate quoted doesn't apply to how the transactions are being processed- for example a business which processes 90% over the phone quoted a debit card chip & pin rate and then instead surcharged for over the phone! An old sales trick! Hope this gives some idea to those outside the industry. www.cardfox.ie

CHARGE BACK- What is it? How can any business defend against it or even better 100% protect against it? (The odds are stacked against you!) If you haven't experienced a charge back- statistically the experience is on the way as MasterCard predict a further 40%+ growth in this phenomenon by 2026. In a charge back situation your business often losses TWICE- the loss of product or service provided plus the loss of the payment funds originally received. If your business processes transactions on a card not present basis (over the phone) are you aware of just how much risk you are carrying for up to 180+ days under VISA/Mastercard rules? Chip & Pin transaction are not 100% protected against charge back? Why? Are you delivering your product or service to your customer with no signed delivery docket? Are you accepting card not present payments but allowing the customer to collect the product/service rather than deliver? Are you delivering products/services to an address not the same as the cardholders address? Are you supplying high value items which could be easily resaleable? What are the warning signs of a potential charge back or fraudulent transaction? How can you increase security against charge back? How can you 100% protect against charge back? It is now possible! If your business becomes a target for charge backs could this lead to you losing the ability to process cards? Most Irish & UK businesses often have no idea the level of risk which they are carrying and do not have a clear protection plan/protocol. Just because a payment authorises and funds arrive in your bank account on the next business day does not guarantee that the funds will not be recouped by the cardholder for quite a period of time. Better to learn how to defend yourself & have the correct processes in place to increase security from 0%-100%. If your business or business organisation would like to receive further information/education on charge back- prevention & cure- please drop a mail to info@cardfox.ie or contact us at 01-5363263. All-Ireland Business Foundation Irish Hotels Federation Hardware Association Ireland Business Plus Magazine Business Post Small Firms Association Fuels Industry UK OmniPro CPA Ireland ACCA Ireland Kilkenny Chamber Commerce South Dublin Chamber Dublin Chamber Dublin Business Network Cork Business Association Irish Tourism Industry Confederation - ITIC Irish Travel Agents Association BusinessLoans.ie - Irish SMEs GRID Fintech Ireland Alec Drew - The Business Expert West Dublin Chamber Of Commerce UK and Ireland Fuel Distributors Association (UKIFDA) Irish Concrete Society Irish Concrete Federation Agri BioFuel Ireland Ltd https://lnkd.in/eaaN63QB.

Payments- NO BRAINERS x 4- one for each day of this short week!!! Irish & UK Businesses accepting card payments would immediately benefit from looking into the following: 1. VISA mitigation schemes- EVERY Irish & UK business should seek independent advice to ascertain if they qualify for any VISA mitigation scheme. This can often reduce card processing costs to pre 2022 levels (typically cost reductions can be 40%-80% often WITHOUT the need to switch providers). No win No fee so what have you got to lose? 2. A2A (Open Banking Payment Initiation/Pay BY Bank)- what advantages could this have for your business? Ireland's FIRST pure A2A structure is now available where funds can be requested from the customers bank account directly into the business account (without the need for digital IBANs or additional friction points) This can be of massive benefit to B2B sector. 3. Remove ALL charge back risk- the level of charge backs particularly on over the telephone transactions has been growing in recent years. It is possible to remove this risk entirely and not just by using secure card payment links 4. Are you using an E-commerce gateway on website/virtual terminal or accounting/invoice software integrations? Is there a lower processing cost plug in available from the broader payments market which could reduce your costs by up to 80% and have your funds in your bank account on the next business day? (If you are processing more than €10k+ per month this is most likely possible) Have you ever even reviewed your gateway and what it is costing monthly between fixed fees and transaction charges? CardFox- your independent payments consultancy and brokerage. 01-5363263 info@cardfox.ie https://lnkd.in/eAeUh7Wx

#Hiring Just over a week to get your application in!! Roles available in various geographical locations nationwide. Having Pay BY Bank fintech available in addition to 15+ different acquiring Banks gives you all of the tools to massively increase your sales & earning potential. Feel free to share as this could be an ideal opportunity for someone in your network. Thank you! #SalesJobs #Payments #PaymentProcessing #PayBYBank