Your bank’s credit card division is now making more per gallon than you!
Wonderful…you do all the work, and they skim 2-3% off the top. While not quite as high as the 10% “vig” the local bookie charges on football bets, at least you have a chance of winning against the bookie. Unfortunately, the bank always wins.
Like many of you, I have written my NC Senators and Congresswoman to support HR 5546 as a first step to shed light on the chokehold the banks have on credit card fees. And, yes, as expected, my request was ignored by Senators Dole and Burr and Congresswoman Myrick. Only Senate candidate Kay Hagan responded with a promise to at least look into the issue if elected.
Do you really want to place your financial future in the Washington crowd who owe much of their existence to the financial clout of big oil and big banks? Or is it time to take control yourself?
Have you looked into privately branding your company on debit cards and the smaller transaction fees by using the ACH (Automated Clearing House) fee program?
ACH fees can be only 15-cents per transactions. On a $60 fill-up you pay 15-cents instead of $1.20 (2% of % $60). That $1.05 savings per fill-up can be the difference between making a profit and going out of business. YES…that is $1.05 extra money per fill-up in your pocket! Or you could pass on a 3-cent discount per gallon to your customers to retain loyalty and still make more money than with credit card transactions.
We have a low cost transaction fee program in conjunction with KickBack Points™ to help you get control of the spiraling cost of bank fees.
Don’t wait for Washington to bail us out. We are small American businesses, not foreign governments or Wall Street banks. You know how far down the food chain we reside so don’t wait for a helping hand from Uncle Sam. And who wants big government in our shorts anyway?
CMI and KickBack Points™ will be hosting a webinar on Tuesday, June 24 at 10:00am EST. Learn how to build brand loyalty and significantly reduce your credit card fees. The cost of the webinar is free, however, an RSVP must be received by Friday, June 20. Email Stephanie at sflury@cmisolutions.com to RSVP.
Tuesday, June 17, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment