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The revised credit card processing service was developed to remove all fees for business operators, allowing them to retain 100% of each sale. Payment terminals auto-calculate a small fee paid by the customer, which also allows businesses to offer lower prices for payments in cash.
More details can be found at: https://ourlokal.com
‘Our Lokal Payments’ designed its latest solution in recognition of the financial stresses experienced by small businesses in the past 2 years. The intention is to provide a more efficient credit card processing service that improves operating efficiency for business owners.
The impact of the pandemic on the small business community has been well documented. However, a new set of economic challenges is being faced in 2022. A recent Goldman Sachs survey showed that 91% of small business owners are facing difficulty in the current economic climate, with 56% stating that the situation has worsened since the beginning of the year.
The enhanced solution from ‘Our Lokal Payments’ aims to remove one significant cost. Traditional payment processing systems impose a transaction fee of between 2.7% and 4%, along with a variety of other costs, such as authorization fees, statements, online access, monthly statements, and more.
In addition to removing transaction fees, ‘Our Lokal Payments’ has now removed all other fees associated with payment processing. Instead, a small charge is incorporated into the sale amount, and therefore paid by the cardholder. The company states that funds from each payment are received the following day, and the revised service requires no contractual commitments.
About ‘Our Lokal Payments’
Along with payment processing, ‘Our Lokal Payments’ offers buy-now-pay-later (BNPL) systems, payroll management, automatic invoicing, working capital funding, and a range of content marketing solutions. The firm’s suite of business solutions has been designed around the needs of the small business community, with the goal of improving efficiency and increasing sales.
One business owner recently stated: “I wasn’t sure in the beginning, but when Our Lokal Payments explained the benefits of their payment processing, I was sold. It’s a very simple solution, but it certainly helped me a lot in daily operations, and has also saved money for our company. I highly recommend the services from Our Lokal Payments.”
Interested parties can learn more by visiting: https://ourlokal.com
Contact Info:
Name: Arlette Pimentel
Email: Send Email
Organization: Our Lokal Payments
Address: 266 E Dogwood Dr, Chandler, AZ 85286, United States
Website: https://ourlokal.com/
Source: PressCable
Release ID: 89080611
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