-
The Benefits of Surcharging for Automotive Dealerships
Managing operational costs is more critical than ever in today's competitive automotive industry. One often-overlooked opportunity for dealerships lies in surcharging—a payment strategy that allows businesses to offset credit card fees and processing costs by passing them on to customers. Automotive dealerships can significantly enhance profitability by implementing a compliant surcharging program. This approach is a game changer that benefits both single-location and multi-location dealerships, providing a scalable solution for financial success. There are some risks of customer dissatisfaction that should be considered, but, with proper implementation, these can be minimized.
Randy Mondos
READ MORE
-
Surcharges vs. Cash Discounts, Convenience Fees and Service Fees
The costs of goods, supplies and labor are rising for business owners of all types and sizes. Passing a portion of card acceptance costs to customers for purchases helps businesses create savings without raising prices overall.
Ursula Librizzi
READ MORE