The small percentage that comes with every transaction quickly adds up. Combined with monthly fees, authorisation costs, and assessment fees, these costs make up a far higher percentage of a small business’s cash flow than large businesses. Powerfully large companies themselves, banks don’t always recognize how inequities arise in their standards.
In the interests of mitigating this disparity, the government has been trying to regulate the fees that banks charge. The burden of merchant fees in New Zealand is twice as high as that of Australia.
At Qippay, we have found a solution that shows small businesseshow to accept credit card payments and completely avoid the rigmarole of dealing with banks.
Take control of your cash flow with Qippay.
It is easy to download the Qip payment tool. When you sign up for our service, you will be able to receive credit card payments at no cost to your business. Signing up for Qippay Accept is 100% free for all business owners.
Our service operates by transferring the fees that you would normally get charged in each transaction to the customer. Alternatively, you may wish to talk to our team about the split fee option.
Your customers can choose how they want to pay you and the funds will show up in your account as soon as they are cleared.
Each transaction fee, in itself, constitutes only a minuscule percentage of the service cost. But for small business owners, such fees add up quickly to vast amounts of money. When your customers collectively take on a small segment of these costs each, you can save thousands of dollars a year.
Even with the minutely extra cost, your customers are more likely to pay you via credit card than cash. It is far easier to whip out a card and punch in a number than to scrabble around for notes and coins, or worse, fill out an archaic check.
When your customers receive an invoice from you, all they have to do is pay you via the Qippay link - simple payments at the touch of a button.
New clients will get attracted to your business when you accept credit card payments online. Your products and services will be more appealing to customers when you offer easy payment options.
Credit card payments get processed quickly, and with more money coming in, you will love the way your cash flow increases.
People spend more of their money when using credit cards. Cash payments signify more tangible losses when making purchases. With credit card payments, all your customers see is a number. This takes up less psychological processing, meaning that by accepting credit cards online, your customers will likely spend 15% more.
New Zealand consumers want to support small businesses! But the same amount of people prioritise convenience.
Your small business deserves access to the most customers possible! Make your local business as convenient as possible and the customers will come.
Start using Qippay so you can accept credit cards online without worrying about merchant fees breaking your bank.