Your brand will be hit with a hidden tax this BFCM. Black Friday & Cyber Monday (BFCM) margins for the average UK brand can fall to 0.5 - 3.5% - and while retention is the best way to offset that, it's not the point of this post. 0.5 - 3.5% is an insanely thin margin of error. Priced in of course, is the 2-6% you'll pay in payment fees for each sale. Let’s break it down: For every £1M in BFCM sales, you could be losing £20,000-£6,000—all going to card companies, wallets and BNPL providers. Imagine how much more risk you could offset, and how much more value you could offer your customers with that money - making you far more competitive this BFCM. In a time when every penny counts, tackling payment fees head-on can make a big difference. Don’t let hidden fees eat into your profits this BFCM. Act now to protect your margins and make this holiday season a win for your brand. Payment fees are dead, and Fam (Techstars '24) has killed them.
Urvesh Vasani’s Post
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The Black Friday deals are already everywhere, and with Cyber Monday approaching and Christmas shopping well underway, it’s essential you understand your rights when it comes to making purchasing, whether you’re buying gifts in-store, online, or through platforms like eBay or Vinted. Our latest blog covers key insights to keep you informed, including: ◾ In-store vs. online purchases: How your rights vary based on where you shop. ◾ Protection on faulty goods: Your entitlement to refunds, repairs, or replacements—even on sale items. ◾ Special protections: What you need to know when using credit or debit cards. ◾ Platform-specific advice: What to expect when buying through marketplace sites. Read the full blog here and don’t let misunderstandings leave you out of pocket this season: https://lnkd.in/eAPNGX7R #DecisionsShared #LegalAdvice #ChristmasShopping #ConsumerRights
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🛍️ Are you ready for Black Friday and Cyber Monday? 🛍️ As you gear up for BFCM, having a solid payment strategy is essential for maximizing your sales. Here are some actionable tips to ensure a seamless checkout experience for your customers: 📈Diverse Payment Options 📱Streamlined Mobile Experience …and many more! ✨ Read through the checklist and let us know what you’ve found to be the biggest game changer. 👇 💡 Remember: The payment experience can make or break your BFCM sales. Let’s make this holiday season the best one yet! #BFCM #Ecommerce #PaymentStrategy #Subscriptions
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Sorry not sorry. Black Friday and Cyber Monday on the horizon, so I’m Gonna talk about the UW cash back card again: I’m always talking about the UW cash back card, because I get £30-£50 each month off my energy bill by using it. Well it’s just got better: The sales are coming – but did you know you can save even more on your Black Friday finds? Earn up to 10% cashback both in-store and online on top of Black Friday and Cyber Monday discounts when spending with your UW Cashback Card. What a great way to shave the pounds off your energy bill.
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Every year, I see business owners scramble to get ready for Black Friday and Cyber Monday sales, often overlooking key legal details. One client launched a huge sale without clear terms, and they quickly faced disputes when items sold out or when customers wanted refunds on discounted items. Before your big sale, it’s essential to update your website terms and conditions to reflect your promotional policies. Include details about how long the sale will run, whether certain items are excluded, and your shipping and return policies. Without these, you leave your business vulnerable to misunderstandings and complaints. By being transparent and legally prepared, you can focus on maximising your sales instead of dealing with post-sale headaches. #BFCMTips #SmallBusinessLaw #BFCM
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Retailers, get ready for the busiest shopping season of the year! This Black Friday and Cyber Monday, offer your customers more flexibility with humm’s purchase financing options, helping your customers spread the cost of their purchases with lower interest rates than traditional credit cards. Learn more about the key differences between humm financing and credit cards!
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Every year, I see business owners scramble to get ready for Black Friday and Cyber Monday sales, often overlooking key legal details. One client launched a huge sale without clear terms, and they quickly faced disputes when items sold out or when customers wanted refunds on discounted items. Before your big sale, it’s essential to update your website terms and conditions to reflect your promotional policies. Include details about how long the sale will run, whether certain items are excluded, and your shipping and return policies. Without these, you leave your business vulnerable to misunderstandings and complaints. By being transparent and legally prepared, you can focus on maximising your sales instead of dealing with post-sale headaches. #BFCMTips #SmallBusinessLaw #BFCM
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Black Friday, Cyber Monday, and the ongoing onslaught of holiday purchases have some interesting facts behind them. 1. expand the coffers of the retail industry by $979 - $989 Billion dollars this year. 2. That means that 80 out of every 100 business are more than likely overpaying for Merchant Services 3. That 2/3 of American and Canadian businesses (approx. 1.98 billion) take part in the holiday extravaganza. 4. Out of all those EPP (Electronic Payment Processing or merchant services) transactions, 9% - 13% will have errors on their EPP. 5. It is estimated that at least 50% of the businesses have never heard of Schooley Mitchell! (OK, I made that one up, but it wouldn't be surprised if it is actually higher). Items 1 through 4 were gleaned from a variety of research sources. What this comes down to is that retail locations have a chance to save hundreds of dollars on their merchant services. And what about the non-profits and hospitals? The number of companies that can take advantage of savings in the Merchant Services arena is huge. Use the appointment button above to see if we can help you get a handle on those costs today and join our clients as they praise what we did for them.
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Online Shopping Tip #3: Do Your Homework Think you’ve found the perfect deal? Double-check. For example, if a gadget is “on sale” for $50 during Black Friday, compare it to other holiday sales—Cyber Monday might have it cheaper. A little research can save you big! Bonus: Bookmark holiday sales pages in advance or sign up for retailers' email lists to get exclusive access to discounts and early promotions. Bonus Plus: Many retailers have extended their Black Friday and Cyber Monday sales. Just because those days have passed doesn’t mean those sales have ended. #Budget2024 #OnlineShoppingTip
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The Hidden Costs of Black Friday and Cyber Monday #BlackFriday and #CyberMonday have passed, and we as consumers are reflecting on the massive discounts and unbeatable deals encountered. A surge in spending and a rush to capitalize on these limited-time offers resulted from shoppers being able to buy products at a fraction of their usual prices. However, this raised a critical question: if businesses could afford to slash prices so dramatically during these sales, why couldn't they maintain these lower prices year-round?
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Black Friday/Cyber Monday sales up from last year: Moneris report. A report from Moneris says strong sales were reported over the Black Friday/ Cyber Monday period. Mario Toneguzzi Moneris Peter Goldsztajn #RetailInsider #BlackFriday #Business #CyberMonday #Moneris #News #retail
https://retail-insider.com/retail-insider/2024/12/black-friday-cyber-monday-sales-up-from-last-year-moneris-report/?no_cache=1
https://retail-insider.com
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