There’s a secret way to save your company thousands of dollars every year—one that most business owners know nothing about. Here, we’ll tell you how to cash in on these hidden revenue gold mines... and how to do it in as little as one business day.More than half of the adult population carries stretch marks on their body, and yet so many of us still feel self-conscious about them. Because of this, laser stretch mark removal is a hugely popular procedure at many medical spas. This treatment can easily earn your business tens of thousands of dollars every year. But here’s the thing: you could be earning even more if credit card transaction fees didn’t eat up so much of your revenues. Enter: fee-free credit card processing apps.With one of these programs set up for your business, you can take 100% of your stretch mark removal revenue home in one or two simple steps. Keep reading to learn what a fee-free credit card processing app is, how to get one set up at your medspa, and how it can save you tens of thousands of dollars a year.
How fee-free credit card processing apps work
So what are fee-free credit card processing apps? The answer’s in the name.These apps allow you to circumvent credit card processing fees. And, thanks to credit surcharge programs and the Dodd-Frank Act, they’re a 100% legal way to save your business money. But where do these fees go? Surely credit card companies won’t let you off the hook for them. When your patients pay for their stretch mark removal procedures, you’ll offer them two options:
Pay with credit and incur an additional 3.5% fee
Pay with cash, check, or debit and avoid paying the fee entirely
Either way, you no longer have to pay credit card transaction fees. It’s now up to the customer to decide whether or not they want to pay it—and if they don’t, they save some money on their end.But are fee-free credit card processing apps really worth it? Let’s break down how much you can save by implementing one at your medical spa.
How much can you save with a zero fee credit card processing app?
Laser stretch mark removals aren’t cheap. There are two main types of procedures, both costing over a thousand dollars on average. The American Society for Aesthetic Plastic Surgery (ASAPS) states that non-ablative procedures average at about $1,410, while ablative laser treatments cost about $2,681. Of course, this doesn’t include additional costs like the consultation fee, anesthesia, and lab fees. The Federal Reserve found that people prefer to pay with credit for larger purchases (which laser stretch mark removals certainly qualify as). So, because these procedures can get pricey, many of your patients likely swipe their plastic instead of using cash or debit. So, let’s say you charge the national average ($2,681) for ablative laser treatments. These procedures can be done in as little as an hour and a half, so you find you’re able to conduct 15 of these treatments every month. After crunching the numbers, you realize you make $40,215 a month just from ablative laser treatments alone. But here come the credit card processing fees. These fees typically range between 1.3–3.3% of every credit card transaction your medspa processes. For our purposes, let’s say your merchant service provider (MSP) has set your rate at an even 3%.
While 3% may seem small, that means you’re losing $1,206.45 to fees every month. That’s a painful $14,477.40 lost every year. Just think about all the things you could do with that money instead. If you wanted to be practical and reinvest these funds into your business, you could renovate your medspa to make it more appealing for your patients. You could update your office’s software or buy more medical supplies. You could even increase your marketing budget to bring in even more customers. Of course, you could always use that money for personal reasons, like paying down long-standing debt, treating yourself to a luxury purchase, or taking your family on vacation.But without a fee-free credit card processing app in place, you’ll continue to lose tens of thousands of dollars every year. If you want to stop throwing that money away, read on to learn how to start saving your medspa some money—potentially as soon as the next business day.
The two-step process for getting a fee-free credit card processing app
This insanely simple process only takes two steps. After you’re done, you’ll be well on your way to that new office remodel, family vacation, or whatever financial goal you’ve set for yourself. Best of all, if you already have a merchant service provider, you’re already halfway there. If you don’t, no worries—let’s go over how to find a merchant service provider.Finding the right MSP for your medical spa’s needs involves doing a little research and comparing your options. Your list of things to look for in your ideal provider should include:
You’ll also want to look at the fees they charge you, including:
Interchange fee: The fee paid to the cardholder’s bank (like Bank of America)
Network fee: The fee paid to the payment network (like Visa)
Assessment fee: The fee paid to the card-issuing brand
MSP markup fee: The fee paid to your merchant service provider
While the first three of these fees are pretty much set in stone, many merchant service providers are willing to adjust their markup fees to accommodate your business. Successful negotiations can easily save you 5–10% off the proposed rate. Not bad, right?Once you’ve set everything up with your MSP, you’ll want to turn your attention to your fee-free credit card processing app. This is a much easier process. The most important thing to keep in mind is to find an app that integrates seamlessly with your MSP. You don’t want to go through the hassle of finding the right one, only to discover they don’t match up at all.Because most of the work in this step takes place between your merchant service provider and your credit card processing app company, it will require minimal effort on your part. Setup can take as little as one business day to complete, and after it’s done, your medspa can process every credit card transaction while incurring none of their fees. But that’s not all. When you work with NadaPayments, you get a whole host of additional benefits on top of that.
Make today the last day you pay credit card transaction fees
Nadapayments is built on the premise of saving you as much money as possible.Not only do you save in credit card processing fees, but you also don’t have to worry about setup fees or the cost of your hardware and software. In fact, we’ll give you everything you need to get started with your credit surcharge program for free. Take your app anywhere you need to process a transaction—in-store, online, or on the go—so you can save on credit card fees anywhere. Plus, we offer 24/7/365 customer service, because let’s face it: Not all of us are as tech-savvy as we claim to be. But we can only say so much. Get started today and find out for yourself why businesses all over the country have chosen Nadapayments. Sign up for your very own fee-free credit card processing app by calling +1 (929) 293-1800 or clicking the link below.