ACH vs Credit Cards - Using Incentives
I first want to start out by saying said obviously credit cards are not the preferred payment method for landlords, but we are operating a business to generate a certain type of tenant for our commercial rentals (musicboxrooms.com). We’re happy with the system in place overall.
We currently accept both ACH payments as well as credit cards. I’m curious if anyone here is using any sort of incentive to have customers pay via ACH instead of their credit card. A raffle of some sort comes to mind, but I am sure there are other creative solutions here. We currently spend about $350 per month on CC fees to bring in about $20,000 in revenue. We get good rates, but would love to increase the margin even more.
Thanks in advance!