Credit Mall Limited’s Post

Merchants, I have a request for you. Once the biggest shopping weekend is over, I ask that you take a look at your statements and see how many transactions were declined. All of those declines are lost revenue, and many of those people will likely never return to your store. Decline Recapture is a solution with no upfront or monthly costs. We simply take a % of what would have been lost revenue. So instead of getting 0% of that failed transaction, you could get 85% of it back. Decline Recapture can directly increase your revenue by 4-10% and indirectly by as much as 20%! Get in touch today to learn what Decline Recapture can do for your business!

Tis the season of ... store credit card soliciting. “You’re pre-approved for a store credit card with us, would you like to open one today?” “You can save 20% on your purchase with the opening of a new credit card!” The sounds of the season. So, should you open that card? Pros: 👉Easier to qualify than other credit cards 👉Potential to help build credit 👉Usually discounts/ incentives at the issuing store Cons: 👉Most rewards are only at the issuing store 👉Higher than average APR 👉Most have low limits, which impacts your credit utilization ratio 👉Special financing features can come with a catch As always, the answer depends. If you’re a frequent shopper at that store, it might be worth it to you. If not, you might be better finding another card with better incentives.

The average interest rate for retail credit cards has reached a record high of 30.45%—well above the average rate for general-purpose credit cards, which is about 21%. The priciest cards now top out at a 36.99% interest rate, according to a survey from Bankrate. Among the cards in this range are those from Big Lots, Burlington, Good Sam, Michaels, and Petco. However, some retailers are still offering more reasonable rates, such as Costco at 20.49%, Bass Pro Shops at 21.12%, and IKEA at 21.99%. Read more: https://ow.ly/P8om50UffsA #payments #interestrates #retailcards #storecards #creditcards

🤔 How do you prefer to shop - swiping your card or cash in hand.With our Advantage Program, card-payments include a small surcharge, ensuring merchants receive 100% of the sale value. But we're curious - does this change your shopping habits.Vote below. #Poll #ZeroFeeShopping.

Big News Alert! 📰 We're thrilled to announce the extension and expansion of our long-term relationship with 7-Eleven, the largest convenience store chain in the United States. Under the terms of the new agreement, we will continue to operate ATMs in 7-Eleven-branded locations, expand our services to Speedway-branded locations, and begin testing new retail financial services for 7-Eleven customers! Read more below👇 #7Eleven #FCTI #announcement #conveniencestore #pressrelease

Many of my peers have asked me why I chose loanDepot, and the answer is simple: technology. Beyond the ease of use, the time savings for Loan Officers and the efficiencies gained in their business were significant. This meant more time for selling, a better experience for clients, and reduced stress for all parties involved. Interested in seeing how your POS system compares? Click the link below to register anonymously, explore the platform, and make your own assessment. #isitthatgood? #Mortgage #Loandepot #domore https://lnkd.in/eq_GdsM2

Store credit makes returns easier and keeps shopping flexible! 💳 Visit our website - www.makkpressapps.com #StoreCredit #EasyReturns #DigitalGrowth #SmartIdeas #BusinessInnovation #DigitalMarketingMastery #TechTransformations #InnovateToElevate #StrategicSolutions #BusinessGrowth #digitalmarketingstrategy #seomarketing

#creditcard companies don't work for free. Every time you use one, the store you're buying from is charged a #swipefee — and that charge will get passed down to you in higher #prices. See what Cheapism.com's Liane Bonin Starr found out. #shopping #creditcards #retail #ChristmasShopping #cheapism #mediafeed #WealthGang https://lnkd.in/gVFdUZMn

Supporting the Credit Card Competition Act: A Move Towards Fair Credit Practices This holiday season, consumers face an additional burden of nearly $20 billion in credit card swipe fees. As a supporter of the National Association of Convenience Stores (NACS), CAF Outdoor Cleaning endorses the Credit Card Competition Act. This legislation aims to regulate swipe fees, reducing operational costs for merchants and making purchases more affordable for consumers. Join us in supporting this crucial act that fosters fair credit practices and benefits both businesses and consumers alike. Discover more about the act and its importance: https://hubs.li/Q02c_Vr_0 #CreditCardCompetitionAct #FairCredit #NACSSupport #BusinessAdvocacy #HolidayEconomics

https://lnkd.in/gN3uaVfa I've done and seen similar work elsewhere on shopping habits - what you buy, how often, product pairs, shift from national brand to store brand, frequency of shopping at specific merchant codes etc. At the moment mostly correlation - the causality can be tricky of course. Particularly related to the delicate issues of "character". This type of work can open doors to the unbanked and underbanked if use with proper governance and controls. Good work from Joonhyuk Yang and Jung Youn Lee #creditscoring #creditrisk #alternativedata #unbanked #financialinclusion