Payments

The Decline of Cash Usage

As the digital age continues to reshape consumer behaviours, the use of cash is steadily declining. According to recent studies by the British Retail Consortium (BRC) card use soars to 90% of retail spending, a significant portion of consumers now prefer card payments over cash, citing convenience and security as their primary reasons. This shift has profound implications for businesses that solely rely on cash transactions.

Potential Customer Attrition

Consider a scenario where a potential customer walks into a cash-only establishment without any cash on hand. Faced with the inconvenience of having to search for an ATM or reconsidering their dining or shopping choice altogether, some customers may simply decide to leave. This missed opportunity could result in a loss of revenue for the business.

Increased Spending with Card Payments

Studies have consistently shown that customers tend to spend more when using cards as opposed to cash. The psychology behind this phenomenon is rooted in the perceived separation between the transaction and actual money. When customers use cards, they are often more willing to make impulse purchases and order additional items. This boost in average transaction value can significantly impact a business’s profitability over time.

The Cost-Effectiveness of Card Terminals

Contrary to popular belief, Dojo terminal is not an expensive endeavour for businesses. These terminals are designed to be cost-effective and offer a high return on investment. In fact, when accounting for increased revenue, reduced cash handling costs, and improved customer satisfaction, businesses that embrace card payment solutions often find them to be a prudent financial decision.

Proven Benefits of Card Payment Solutions

Numerous case studies and industry reports attest to the financial benefits of adopting card payment solutions. Businesses that have made the transition from cash-only to accepting cards typically experience higher profitability, increased customer retention, and improved overall customer satisfaction.

In conclusion, the era of cash-only business operations is gradually fading into the past. Embracing card payment solutions like Dojo Go is not only a prudent decision but also a strategic one that can lead to increased profits, enhanced customer experiences, and long-term sustainability. Don’t miss out on the opportunities that card payments can bring to your business.

Payments

Next day settlement

In today’s fast-paced business world, cash flow is the lifeblood of any successful enterprise. The ability to access your hard-earned funds quickly can make a significant difference in your day-to-day operations. That’s where Dojo steps in, offering a game-changing solution to improve your business’s cash flow through next-day payments.

With Dojo, card settlements are processed the very next day, an impressive 362 days a year. That means your business can count on a reliable and swift influx of funds to keep operations running smoothly.

Gone are the days of waiting 2-5 working days for your hard-earned settlements to hit your account. Dojo has streamlined the payment process to ensure that your money is where it belongs—right in your hands—without unnecessary delays.

Here’s how Dojo’s next-day payments can elevate your business at no extra cost:

  1. Instant Access to Funds: Payments are received starting from 6 am for all transactions accrued the previous day. This means you wake up to find your funds ready and waiting, empowering you to make immediate decisions and investments.
  2. Enhanced Cash Flow: A consistent and rapid cash flow is crucial for maintaining the day-to-day operations of your business. Dojo’s next-day payments enable you to better manage your finances and seize opportunities as they arise.
  3. Reduced Uncertainty: Predictability is key in business. Knowing when your payments will arrive allows you to plan and allocate resources effectively, eliminating unnecessary financial stress.
  4. Competitive Advantage: In today’s competitive landscape, speed can be a differentiator. Offering your customers the convenience of quick settlements can enhance their experience and loyalty.
  5. 365-Day Reliability: Dojo’s commitment to providing next-day payments 362 days a year ensures that your business remains on solid financial ground, even during holidays and weekends.
  6. Taking Your Business to the Next Level: Dojo’s dedication to improving your financial efficiency isn’t just a promise—it’s a commitment. With faster access to your funds, you can focus on growth and expansion, taking your business to new heights.

In conclusion, next-day payments are not just vital; they are transformative for your business. With Dojo, you can enjoy the benefits of improved cash flow, reduced waiting times, and the peace of mind that comes with knowing your funds are readily available when you need them. Don’t let slow payment processing hold your business back—elevate it with Dojo and experience the difference.