When Venmo launched in 2009, the “fast cash” app aimed to provide a solution to splitting the bill with your friends, whether it was going out to dinner, going to the movies or catching a concert together. But as the popular app evolved, businesses started to take notice. For some businesses, the app has become another way to accept customer payment.
Today, there are multiple ways to pay for goods. Cash, debit card, credit card or even the newer forms of electronic payments like digital wallets. But many merchants accepting credit cards have long grumbled about the cost of fees – and that sentiment has only grown louder now following the pandemic. Well, we are here to tell you there is a way to accept credit cards AND save on operational costs!
As business owners ourselves, we understand the value of operational cost savings in today’s landscape. We talk to a lot of business owners every day – from every industry – and they all have the same item on their cost-saving wish list: lower fees for accepting credit cards. Imagine their delight when we share with them that we can do more than lower their fees. We can actually ELIMINATE transaction fees on credit cards!
A new year means new opportunities and new ways of thinking. For businesses, this should include lowering operational costs. As the digital age advances, electronic payment processing is evolving and for business owners struggling to bounce back after the 2020 pandemic, these changes come at just the right time. Did you know that you can now accept credit cards and pay zero fees on those transactions?