Haritha Mathi’s Post

Growing a small business during slow periods requires a mix of strategic planning and adaptability. First, focus on customer retention by enhancing your customer service and offering special promotions to loyal clients. Diversify your marketing efforts by exploring new channels like social media, email marketing, or partnerships with complementary businesses. Consider introducing new products or services to attract different customer segments. Additionally, analyze your operations to identify areas for cost savings and efficiency improvements. By staying proactive and creative, you can turn slow times into opportunities for growth. For more information and details visit this link: https://lnkd.in/daxGhuN9 #merchantservices #paymentprocessing #creditcardprocessing #paymentsolutions #business #smallbusiness #possystem #pointofsale #payments #pos #ecommerce #creditcard #mobilepayments #retail #app #creditcards #merchantprocessing #kiosk #restaurant #merchants #marketing #fiserv #merchantaccount #clover #smallbiz #pay #possystems #technology #poshardware #goals #restaurantpos #fintech #paybyface #pointofsalesystem #visa #amex #mastercard #applepay #googlepay #venmo #ebt #paypal #discover #linkedin #california #losangeles #newtips #smartmindset #promotion #free

📝 𝐓𝐡𝐞 𝟒 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐭𝐨 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐖𝐡𝐞𝐧 𝐂𝐡𝐨𝐨𝐬𝐢𝐧𝐠 𝐚 𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐨𝐫 📌 𝙃𝙤𝙬 𝙈𝙪𝙘𝙝 𝙈𝙤𝙣𝙚𝙮 𝙒𝙞𝙡𝙡 𝙔𝙤𝙪 𝙇𝙤𝙨𝙚 𝙒𝙝𝙚𝙣 𝙋𝙖𝙮𝙞𝙣𝙜 𝙁𝙚𝙚𝙨? It is the fees that can bring the most hassles to your business. Some of the fees you will encounter include: Application fees, Setup fees, Monthly statement fees, Monthly gateway access fees, Interchange fees, Monthly minimum fees, etc. 📌 𝙃𝙤𝙬 𝘾𝙤𝙢𝙥𝙖𝙩𝙞𝙗𝙡𝙚 𝙞𝙨 𝙩𝙝𝙚 𝙋𝙧𝙤𝙘𝙚𝙨𝙨𝙤𝙧'𝙨 𝙋𝙧𝙤𝙥𝙧𝙞𝙚𝙩𝙖𝙧𝙮 𝙎𝙤𝙛𝙩𝙬𝙖𝙧𝙚? While many processors will work with universal software, you still need to ensure that your e-commerce shopping cart can work with this software. You might also want to consider a processor that offers options to take digital wallet payments as more people use their smartphones to make payments. 📌 𝘿𝙤𝙚𝙨 𝙩𝙝𝙚 𝙋𝙧𝙤𝙘𝙚𝙨𝙨𝙤𝙧 𝙊𝙛𝙛𝙚𝙧 𝙄𝙣𝙩𝙚𝙧𝙘𝙝𝙖𝙣𝙜𝙚-𝙋𝙡𝙪𝙨 𝙋𝙧𝙞𝙘𝙞𝙣𝙜? Interchange-plus pricing is the transparency offered in regard to what credit card companies charge in interchange fees. It also gives details on how much you are paying the payment processor in fees. This type of pricing allows you to keep track of expenses so you are not overcharged. 📌 𝙒𝙝𝙖𝙩 𝘾𝙝𝙖𝙧𝙜𝙚𝙨 𝙖𝙧𝙚 𝙏𝙝𝙚𝙧𝙚 𝙁𝙤𝙧 𝙀𝙖𝙧𝙡𝙮 𝘾𝙤𝙣𝙩𝙧𝙖𝙘𝙩 𝙏𝙚𝙧𝙢𝙞𝙣𝙖𝙩𝙞𝙤𝙣? Early contract termination fees can vary. They may charge from a couple of hundred dollars to a couple of thousand dollars. Look for contracts that charge anything lower than $400 for termination. Share your thoughts in the 𝗖𝗢𝗠𝗠𝗘𝗡𝗧 below. ⬇️⬇️ ➖➖➖ In the last 12 years, I have worked with over 10,000 companies creating transparency in the payments space. A business is useless without a payment "𝗣𝗔𝗥𝗧𝗡𝗘𝗥". Entrepreneurs can have their businesses crippled OVERNIGHT if not prepared. Frozen funds and shutdown accounts are common occurrences. **** 👉 Type “𝐏𝐀𝐘” in the COMMENTS below and get my FREE checklist: “5 Mistakes That Can Cost You Millions”. #innovation #entrepreneurship #markets #bestadvice #businessintelligence #success

Why Businesses Need to Streamline the Purchasing Process for Success Time is money for entrepreneurs, especially as consumer expectations change and businesses must be more efficient. Read More:- https://cutt.ly/ywLH6uGa #TimeIsMoney #CustomerExperience #EfficiencyInBusiness #StreamlinedPayments #CustomerExpectations #ModernBusiness #PaymentProcess #CartAbandonment #SalesOpportunities #ImpulsePurchases #BusinessEfficiency #OnlineShopping #QuickTransactions

Retail business and service business are two types of businesses that operate differently in terms of their products, operations, and revenue generation. While both types.... Read more at Read More at: https://lnkd.in/dDWJVcu3 #Flippers #buyandsellwithflippers #sellmybusiness #buyandsell #business #entrepreneurs

🌟 N "The Power of Innovation in Modern Business" 🌟 In today's fast-paced business world, staying ahead of the curve is more important than ever. That's why I'm thrilled to share my latest blog post with you all on LinkedIn! 🚀 In this piece, I delve into the transformative power of innovation in driving business growth and staying competitive. I've explored case studies, latest trends, and practical strategies that can be applied in various business sectors. Key Takeaways: Understanding Innovation: We dissect what innovation truly means in the business context. Real-World Examples: Insights from leading companies that have successfully harnessed innovation. Actionable Strategies: Practical tips on how your business can implement innovative practices. Whether you're a startup enthusiast, a seasoned entrepreneur, or simply curious about the business landscape, this blog has something for everyone. 🔗 Click here to read the full blog 👇 https://lnkd.in/eSUVKj5C I'm eager to hear your thoughts and experiences regarding innovation in your professional journey. Feel free to share in the comments below or drop me a message! #Innovation #BusinessGrowth #ModernBusiness #Entrepreneurship #BusinessStrategy

Ever wondered whether a Merchant Account or a Payment Service Provider is the right fit for your business? The choice can be tricky, but it doesn’t have to be! MCKALLEN, is here to break down the differences and help you find the best option for your unique needs. Whether you’re running a startup or managing a growing business, understanding your payment options is key to your success. Understanding the Difference: Merchant Account: > Purpose: A dedicated bank account for businesses to accept card payments. > Setup: Requires an application, credit checks, and underwriting. > Fees: Often includes monthly, gateway, and transaction fees. > Ideal for: Established businesses with high transaction volumes. Payment Service Provider (PSP): > Purpose: Simplifies payment processing by aggregating transactions for multiple merchants. > Setup: Quick and easy registration with no lengthy approval process. > Fees: Typically charges a flat rate per transaction, with fewer monthly fees. > Ideal for: Small businesses, startups, or those with lower transaction volumes. Choosing between a Merchant Account and a Payment Service Provider depends on your business size, transaction volume, and budget. Need help deciding? Let MCKALLEN guide you to the best solution for your business. #McKallen #HongKongBusiness #PaymentGateway #IndianEntrepreneurs #Ecommerce #BusinessExpansion #Merchantaccount #Payments #Services #Businessowners #Entrepreneurs

Price smart, not hard: Uncover the strategy that ensures profitability and customer satisfaction via https://ow.ly/OwwU50R4Gce #smartpricing #businessgrowth

Running a small business is hard work—juggling operations, customer service, and growth. 😪 But one area where you shouldn’t have to struggle is payment processing. Common pain points like high fees, complex setups, and inconsistent cash flow can be daunting, but they don’t have to be. Here are a few tips to ease the process: Choose the Right Processor: Look for a provider that understands your industry’s unique needs. Avoid one-size-fits-all solutions! 🤝 Streamline Your Checkout Process: Simplify the payment steps for your customers, whether online or in-store, to reduce cart abandonment and increase satisfaction. 📈 Keep an Eye on Security: Ensure your payment systems are up to date with the latest security measures to protect your business and customers. 🔐 Monitor Cash Flow: Regularly track your transactions and fees to avoid surprises. Knowledge is power! 💰 Remember, payment processing is a crucial part of your business, but it doesn’t have to be stressful. With the right strategy and tools, you can focus on what you do best growing your business. 🚀 #SmallBusiness #PaymentProcessing #BusinessGrowth #Entrepreneurship

3 Reasons Why Your Business Should Start Digitizing Payments: https://t.ly/VJNys Customers will continue to demand more digital payment options and expect convenience, security, and simplicity — and businesses will need to adapt or struggle. via - Entrepreneur Media

Hard times for business? Stop dunking your teabags…Buy a new ‘teapot’ 🫖 Yesterday I went out and bought a splendid new teapot. It’s a beauty, isn’t it! Or, I confess, I bought ‘a’ teapot. I didn’t replace the old one when it broke. Over the years I’ve got into the habit of putting my teabag straight into a mug, dunking it and then discarding it. Sacrilege! I suppose that there’s nothing wrong with this little routine. It works. It makes the tea perfectly well. But I’m wasting the possibility of another few cups of the finest Yorkshire Tea. ☕️ Anyway, what does a teapot have to do with your business, whether you run a restaurant, pub or bar or a chain of convenience stores? In payment processing terms, a lot of businesses have old machines because they ‘do the job’. They take the card payments. That’s it. So they go on doing what they’ve always done. Dunking the teabags. But there are hidden costs of keeping the old system, when there are tangible and intangible savings with the Dojo machine, that I promote. Things like… 🫖 Economic printing on demand that saves 50% plus of their paper roll usage. 🫖 Next day settlement, 7 days a week speeds cash flow, means the money can be put to good use for their business, keeping the wheels in motion. 🫖Easy 2-click PCI means no more time and money spent on completing questionnaires or running network scans. 🫖No more paying the interchange surcharges on top of the standard fees if it applies to your customer’ credit card. An uncontrolled cost for businesses. 🫖No ‘can’t take payments because the card machine’s not working’. Remote assist gets it back online in a jiffy or a replacement’s sent next day. In the meantime they can use an iPhone as an extra card machine at no extra cost. 🫖EPOS integration and new ‘Pocket’ terminals mean the order can be taken at the table and paid for there and then, so customers can leave when they can finish and more customers can be served. Teapots come in all shapes and sizes. But when we get talking, I’ll be sure to save a few teabags for your business and brew up some new customers too. Book a consultation today, just DM me or call. I’ll bring the biscuits. 🍪 #restaurant #pub #bar #retail #thecardmachinelady ©️