Gopal Swamy’s Post

In my 50 years of experience in credit card processing, I've seen many trends come and go, but one that has stuck and continues to evolve is the #cashdiscount program. Such programs provide an attractive alternative to traditional transaction fees, offering businesses a way to suppress costs while still handling transactions efficiently. One program that stands out is #royaltycashdiscount. For businesses tired of forking over a hefty chunk of their profits to credit card processing fees, this is a game-changer. By passing a small service fee to the customer, businesses can enjoy zero credit card processing fees. Yes, zero! I remember when the concept of passing the fee to the customer was frowned upon, but today, it's not only acceptable but also a growing trend across various businesses. Why wouldn't it be? It's a win-win situation where businesses get to keep their profits intact while customers get to enjoy the convenience of cashless payments. Now let's talk about the most appealing part. Imagine getting royalty checks on top of enjoying no processing fees! Each time a transaction takes place, not only does the business save on fees but also earns. It sounds too good to be true, but in this case, it is true. After half a century in this industry, I can confidently say that the evolution of credit card processing is heading in a direction where businesses can finally breathe a sigh of relief from sky-high processing fees. Dive more into this fascinating world of saving and earning at https://lnkd.in/gkBnVT7N. Cheers to zero fees and ongoing savings! #TheFutureOfProcessing

Why Embedded Finance Could Spell Success for Fast Lending Companies 💳🚀 👋 Let's talk about a game-changing strategy that's reshaping the lending landscape: Embedded Finance. 🌐💼   Picture this: You're not simply offering loans anymore. You're broadening your scope to include a variety of financial services. 🌟 By seamlessly integrating these into your platform, you're not just meeting customer needs, you're exceeding them.   So, why should you care about embedded finance? Let's break it down:   1. Convenience and Optimization: Your customers not only get loans or financial products, but they can make payments, transfer funds, and manage their finances without ever leaving your platform. 🔄💰 By offering payment services in the heart of your products, you're not just giving your customers a more convenient service at a better price, but you're also optimizing your processes. This means minimizing risks and meeting higher compliance requirements seamlessly.   2. Boosting Customer Loyalty: Stickiness is the name of the game, folks. And what better way to keep customers coming back than by offering a one-stop financial solution? 🎯 By embedding banking services seamlessly into your platform, you're creating a stickiness factor that's hard to beat. After all, why would they go anywhere else when everything they need is right at their fingertips?   3. Streamlining Processes: Say goodbye to manual disbursements, reconciliation and collections and welcome the automation! ⏰ With embedded finance, you can streamline your lending processes from start to finish. Think faster approvals, smoother transactions, and happier customers. It's a win-win all around!   4. Diversifying Revenue Streams: Sure, loans are your bread and butter. But why stop there? With embedded finance, you can tap into additional revenue streams like debit, credit cards and overdrafts. 💸💳 Think of it as expanding your menu – more options mean more ways to serve your customers and boost your bottom line.   Take a step back, reassess your strategies, and ask yourself: Is there a place for embedded banking in our roadmap? Spoiler alert: the answer is a absolutely YES. 😉   💪💼 #EmbeddedFinance #FutureOfFinance #InnovationNation

The rewards are significant for the enterprises that offer embedded lending options that meet expectations — they see repeat purchase rates on the order of 30%. Learn what consumers are looking for with this functionality.

Small and medium-sized businesses (SMBs) often face challenges in securing credit, especially in an unpredictable economy. Embedded lending, which integrates credit options directly into purchase platforms, has emerged as a fast and seamless solution. A key element of this model is real-time data sharing, which some SMBs may initially hesitate to embrace. However, as highlighted in the 𝘗𝘠𝘔𝘕𝘛𝘚 𝘐𝘯𝘵𝘦𝘭𝘭𝘪𝘨𝘦𝘯𝘤𝘦 𝘳𝘦𝘱𝘰𝘳𝘵, 𝘏𝘰𝘸 𝘋𝘢𝘵𝘢 𝘚𝘩𝘢𝘳𝘪𝘯𝘨 𝘉𝘰𝘰𝘴𝘵𝘴 𝘊𝘳𝘦𝘥𝘪𝘵 𝘚𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘧𝘰𝘳 𝘚𝘔𝘉𝘴, businesses that share their data gain access to more tailored credit options, larger borrowing capacities, and a superior lending experience. How do you see embedded lending shaping the future of SMB credit access? #EmbeddedFinance #SMBs #CreditSolutions #Fintech #Payments #Lending #B2B #RealTimeData #BusinessGrowth #EmbeddedLending #SaaS #OpenBanking 

We are thrilled to announce that KEYFX is now offering comprehensive day-to-day business accounts specifically designed for small businesses. This exciting development is made possible through our recent partnership with The Payment Firm Limited ., a leader in innovative payment solutions. Why Choose KeyFX for Your #BusinessBanking? In today’s fast-paced business environment, managing finances efficiently is crucial. At KeyFX, we understand the unique challenges small businesses face, from high banking fees to fluctuating foreign exchange rates. That’s why we have crafted our business accounts to provide maximum value, enabling you to focus on what matters most – growing your business. Benefits of a KeyFX Business Account: 1. Cost-Effective #Banking Solutions: Save significantly on your banking fees. With our competitive rates, your business can reduce its financial overheads and allocate resources more effectively.    2. Competitive #FX Rates: Our partnership with The Payment Firm Limited. ensures you benefit from highly competitive foreign exchange rates, allowing you to manage international transactions with ease and affordability.    3. User-Friendly Platform: Our intuitive platform is designed to simplify your banking experience. From easy account setup to seamless transaction management, we provide tools that empower your business.    4. Reliable Customer Support: We pride ourselves on offering exceptional customer service. Our dedicated #support team is always ready to assist you, ensuring you have the help you need when you need it. Join the Growing Number of Businesses Benefiting from KEYFX If you are a small business owner looking to save money on banking and FX fees, now is the perfect time to consider KEYFX as your banking alternative. With our tailored solutions and the trusted expertise of The Payment Firm Limited., we are committed to helping your business thrive. Get Started Today Transitioning to a KEYFX business account is simple and hassle-free. Visit our website or contact our support team to learn more about how we can meet your business banking needs. https://lnkd.in/eD6giJ5u About KEYFX At KEYFX, we specialize in providing innovative financial solutions that cater to the diverse needs of businesses. Our mission is to empower businesses with tools that drive efficiency and growth. Partnering with The Payment Firm Ltd. is a testament to our dedication to bringing the best financial services to our clients. Join us on this exciting journey and take your business to new heights with KEYFX. Let’s make your financial management simpler, smarter, and more cost-effective. #SmallBusinessBanking #BusinessBanking #BankingSolutions #FXSavings #SaveOnFees #BusinessGrowth #SmallBusinessSolutions #BusinessFinance #Entrepreneurship #SmallBusinessOwners #BusinessAccounts #FXRates #CostEffectiveBanking #FinancialTechnology #PaymentSolutions #BusinessSavings #KeyFX #ThePaymentFirmLtd #BusinessInnovation #Fintech

This is a great example of why listening to your customers paves the foundations for strong business development. In this case, where brokers are the customer, reducing complexity and increasing responsiveness has lead to increased scalability and the growth of broker-introduced lending. Find out what your business customers are asking for. #voiceofcustomer #b2bresearch #customerinsights

The evolution of #cashdiscount programs for credit card processing has brought a transformative shift in the business processing landscape over the past half-century. One emerging trend making waves is the Royalty Cash Discount, a cutting-edge program that removes the burden of processing fees entirely for business owners by passing it on to customers. The Royalty Cash Discount solution, as detailed on https://lnkd.in/gkBnVT7N, not only encourages more transactions but also helps significantly cut down processing costs, ensuring business profits are healthy and flourishing in a globally competitive marketplace. Here's how the magic happens: A customer pays the processing fee, and the business owner collects the full amount of the sales. It is a win-win powered by transparency and embraced by customers and businesses alike. Furthermore, the uniqueness of this program emanates from its potential to create a steady stream of residual income in the form of 'royalty checks,' taking the discount program beyond just savings and into the realm of earning additional money. The beauty of the #royaltycashdiscount lies in its versatility and extensive applicability across diverse business types, sectors, and scales. It offers a financially healthy and ethical approach to credit card processing, making it a trending topic of discussion among entrepreneurs, business owners, and financial experts. The cornerstone of such an innovative program is the No Fee concept – eliminating traditional fees associated with such transactions. It materializes the appeal of a "feeless" transaction, tackling the major bottleneck in credit card processing. Join this transformative journey of complete financial liberation. Navigate the crossroads of cash discount programs and the credit card processing landscape with Royalty Cash Discount, where profits, freedom, and financial health intersect seamlessly. Embrace the change. Embrace the power of #NoMoreFees.

#embeddedfinance The benefit should be obvious for the customer. Embedded Finance - is not a product, it is instrument enabling customers to achive their goals. In SteadyPay we experimented a lot with our embedded partners (like neobanks Pockit and ANNA Money) to make it clear. The better conversion (10%+) we got when we launched preapproved credit limits available immediatly. Without any redirection. With simple flow and conditions. #partnerships #embeddedlending #openbanking #neobanks

Banks and building societies have always been a crucial part in helping small business owners get set up, but the way they do that now is changing 🙌 From guidance to tools, learn how banks can offer the entire package to small businesses that want to grow 🌱 Head to our blog to read the article in full: https://lnkd.in/ebew43Mz... #SmallBiz #Banking #DigitalTransformation #WebDesign

A chance conversation at an event last week got me thinking more about an aspect of #embeddedfinance that actually matters - conversion. Or more precise, customer education followed by strong conversion. Creating a new distribution channel is great but if no one is converting, there’s no point. Embedded finance promises to bring the right products at the right time of need for the end customer. If the product is there, and available, the thinking goes, the purchase decision is easy and natural. It turns out, though, in practice, things aren’t that easy. For example, merchants on e-commerce platforms could have a number of options to satisfy their short term credit needs - revolving credit, invoice financing, term loans or merchant cash advances (MCA). According to the founder I spoke to, when they tested it in one market, even though the MCA terms were favourable to the business borrower, they overwhelmingly preferred term loans. Even when MCA were embedded within the platform they were using and created much less hassle for the CFO/business owner, still they chose the familiar term loan. Obviously merchants behave differently in different markets and MCAs are more popular in some, and factoring is preferred on others. The lender eventually pulled their product from the platform, and the platform discontinued most of its credit offerings partly because they needed multiple providers to cover all bases. Embedded finance providers and embedding customers need to think hard about conversion before jumping into business together. For many embedders, embedded finance offer a huge promise but it starts as a promise only. Do your homework. Speak to your customers. Test with your customers. Engage with your provider as you test and iterate. Gain customer feedback on the product and the whole proposition, including service before and after the purchase. Don’t throw money away. Don’t end up with an Embedded White Elephant.