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Surcharge Strategy Essentials for Automotive Dealer Profitability
While managing dealership operation costs is more critical than ever, an often overlooked opportunity is the exploration of dealer-specific surcharge strategies. Surcharging is a payment strategy that allows businesses to offset credit card fees and processing costs by passing them on to customers who choose to pay with a credit card. When done correctly, auto dealers can use surcharges to significantly enhance profitability, without raising prices across the board.
Randy Modos
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Surcharge vs. Cash Discount: How to Offset Credit Card Processing Fees
As credit card processing fees continue to rise, many businesses are searching for ways to recover those costs without alienating customers. Several options exist, such as surcharges, cash discounts, and other fees, but not all are created equal.
Ursula Librizzi
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