Saturday, November 2, 2013
Problems with 'Square'
In the past week have had one bad experience as a customer with a Square terminal and while prospecting an admission that Square is hard to use in some venues....in the former a gal at a coffee kiosk had a 'Square' terminal where the card swiper wouldn't work, the she was unable to get me a receipt or even text me a receipt. Not good. Secondly a prospect told me in an event like a concert it's hard to use 'Square'...he really needs a 'wireless' terminal like a Nurit 8020 etc...
Daily Discount
For most merchants a big credit card processing bill at the end of the month is a pain! I would suggest 'daily discount' as a solution.....where the 'discount'' is subtracted from each daily batch and the service fees, fanf fees et al come out at the end of the month......I am seeing more interest in this option!
Authorization cost
I still encounter few merchants that can tell me their 'per authorization' cost...finally came across a restaurant, chinese, where the manager knew! Like 10 cents....my practice can get most merchants down to 1 cent per authorization! The challenge is getting merchants excited!!!!!!!
Google Wallet
The mobile processing race is on! Who will win???? My money is on Google wallet! Recently I have been able to offer the Verifone VX 520 and it is NFC enabled...! So.....but, we are still at the beginning of this race....I would suspect it will be trendier restaurants and establishments that see customers perhaps asking 'hey do you take google wallet?.......so ask me how you can get your Verifone VX 520!!!!!
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