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Hello all,

How many are BBB accredited? Is it worth the cost? Any experiences or feedback?

 

- Nick 

 

 

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Edited by FNGJWS

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  • Similar Topics

    • By tco
      Accepting Credit Cards at 0% cost 
      Credit card fees for merchants have drastically gone up in recent years, especially for reward card purchases, making credit card fees one of businesses largest expenses.  Interchange fees for reward cards have gone up by 24% in a recent 4-year period. The highest reward card fees to a merchant are now around 3% of the transaction total (not including what the markup from whomever sold you their credit card processing).  Many people have probably seen Samuel L. Jackson TV commercials promoting Capital One’s Quick Silver credit card, paraquoting, “The Quick Silver credit card will give you 1.5% cash back on all of your purchases.” Who do you think is actually giving these customers 1.5% of their cash back on their credit card purchases?  You guessed it- you, the merchant.
      What’s a business owner to do?
      Do nothing Raise the products or services prices to account for higher credit card fees Offer a cash discount Don’t accept credit cards Or, provide your customer a choice when they pay with a card to pay a surcharge or not- 0% credit card costs to the merchant All of these options have their pluses and minuses, but with the ever higher and higher fees credit cards are charging to merchants, there are other methods where technology and consumer choice can help mitigate these fees.
      0% credit card cost is relatively new legal method of accepting card payments in the US.  The credit card companies fought to not allow consumers a choice to pay a surcharge with credit card or zero fees with a debit card.  The credit card companies make much less money with a debit card opposed to a credit card... This case went all the way to the US Supreme Court this decade.  The credit card companies lost and consumers being able to choose to pay a surcharge with a credit card or zero fees with a debit card is now legal in 45 states.  The remainder of the 5 states will likely be joining the other 45 states in the near future as there are still ongoing court proceedings.
      The US is now following the Australian model which has been allowing merchants to surcharge since 2003.  Currently, 42% of all merchants in Australia pass on a surcharge to customers who use a credit card.
      Here’s an option that you might not know about, until now:
      When your consumer decides to pay with a card, they have two options.  If they use a credit card, a small fee will be charged to their card. If they use a debit card, there will be no fee to the consumer.  Our software does all the work and explains to the customer of their choice prior to the charge being authorized.
      What exactly are the costs to the merchant and to the consumer?
      For credit cards: Merchant pays zero credit card fees, the consumer pays 3.5% of the transaction amount
      For debit cards:  Merchant pays 1% + $0.25/authorization, the consumer pays Zero fees
      Facts:
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      Works with online sales/invoices
      Simple application process, no upfront cost, no term contract, no cancellation fee and complies with all credit card rules and regulations
      If you auto batch by 8:00 PM EST, you get your money the next day
      Up-and-running within a week
       Benefits to the Merchant:
      Being fair to your consumer by offering them a choice to pay a fee or not, while eliminating your credit card fees, which can be up to 3% of your total credit card sales.
      Simple to use and all charges are viewable through real-time online portal.  
      Support: our team is there when you need us, but it truly is very straight forward.
      We realize this solution is not for everyone.  But, you now have the opportunity to no longer pay credit card fees, forever.  Reach out through ASO or here if you are interested in discussing further: https://www.lomasolutions.com/contact

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    • By tco
      Loma Solutions represents a 0% credit card fee solution.   We have 1000's of customers in the US and our solution makes auto shop owners thousands of extra dollars every year.

      How does 0% processing work?
      When your customer decides to pay with a card, they have 2 options.  If they use a credit card, a small percentage of the transaction will be charged to their card.  If they use a debit card, there will be no fee to the customer.  Our software does all the work and explains to the customer of their choice prior to the card being authorized.

      What exactly are the costs to the merchant and to the customer?
      For credit cards: Merchant pays zero credit card fees, the customer pays 3.5% of the transaction
      For debit cards:  Merchant pays 1% + $0.25/authorization, the customer pays 0 fees

      Facts:
      - A card swiper is not needed: credit card information can be typed in a phone, computer or over the phone.  There is a 'brick' card swiper if needed*
      - No set-up costs or any other fees
      - Our agreement is month-to-month
      - If you auto batch by 8:00 PM EST, you get your money the next day
      - The solution complies with all card rules and regulations
      - We'll have you up-and-running within a week

      Benefits to the Merchant:
      *** You are being fair to your customer by offering them a choice to pay a fee or not, while you are eliminating your credit card fees, which can be up to 2.5% of your total card sales.
      - Simple to use and all charges are viewable through our real-time online portal.  
      - Support: our team is there when you need us.  We will show you and anyone on your team how to use the solution, but it’s very straight forward.
       
      Making you more money!
      If your current credit card fees are 2.5% of your total card sales, for every $50,000 in credit card transactions, you'll put an extra $1,250 in your pocket.
      * we will provide you with a ‘brick’ terminal: $35/month if needed.  This includes free paper re-supplies.
        Reach out if you'd like to discuss.
    • By Joe Marconi
      The cost of doing business in NY is high. It seems as if the expenses are going up faster than our sales income. How do we keep pace with cost of living and still remain competitive? It's hard to decrease fixed expenses.
    • By Alex
      There are many different website services, packages, and programs available when choosing the right company/webmaster for your auto repair business. You can sign up to a service that provides a robust website, SEO (Search Engine Optimization), analytics, marketing services, social network management, integrations, etc. You can also sign up for much simpler solutions which usually only include a website and some SEO. You can also try to use an online website builder to get yourself online with something very basic, which is better than nothing. So many different option and they all have their associated costs. In some cases there are initial startup costs as well. In most cases however, there are monthly costs associated with operating a business website.
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    • By Elite Worldwide Inc.
      By Bob Cooper
      If you speak with most shop owners they’ll tell you that they think their shop is worth x amount of money. Ask them how they came up with that number, and they’ll tell you it’s based on what they heard another shop sold for, or it’s predicated on their annual sales. But if you really want to know what your shop is worth, first of all, forget everything you’ve heard about “goodwill” and the fact that you have thousands of names in your database. That’s icing on the cake, but it’s not something a buyer can take to the bank. And although there is some value associated with some franchise names, there are two things that are most important to a buyer: the “tangible assets” and the “income history.”

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      In regard to “income history”, we all know that past performance is no guarantee of future performance, yet the substantiated income history of a company is what buyers can use to forecast earnings. And don’t forget: The amount of money the “company” made does not include any income you’ve drawn out of the company as a salary. The company’s income is the amount remaining after all expenses, including your salary, have been considered.

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