First, you must understand customers are compared as goddess Lakshmi for businessmen as they bring prosperity, now to benefit the business a customer’s goodwill comes first in priority. Credit card processing reseller program is a process in which customers or retailers paying via cash enjoy a privilege of discount, unlike the ones who use the card payment options.
How merchants can provide benefits
Merchants can incentivize cash payments by offering a discount on the posted credit or debit card prices for customers that pay by cash or check. By including a service fee in the posted price, cash payments offset the payment processing charges that come with card transactions. Today there is a multitude of ways to pay – cash, check, credit card, debit card, mobile and online, which is convenient for the younger, tech-savvy generations.
Adjust, don’t compromise!
This credit card processing reseller program provokes the customers and retailers to choose the option of cash or check payment over card payment. Added services are automatically and randomly generated as soon as you opt to pay via card. Being a merchant you never have to change your pricing.
Better for Business, Better for Customers
When you realize how efficient and useful the cash discount program serves you, you will undoubtedly support this program and opt for it every single time. The benefits are beyond measure and they are stated below for your convenience
Simplicity to its best
Any program that is new must be according to the user interface, it must be capable of easy interpretation by every retailer and customer and merchants. Always know that each product you choose has an added service charge to it, but as soon as you opt for cash payment it is deducted while billing, when the customers skip the extra charge it also benefits the retailers and indirectly benefiting the merchants to a higher scale.
The credit card charges are the fees that cut into the merchant’s profit margin. Using this cash discount program the merchants can reduce the credit card interest rates and also benefit himself.
Merchants are capable of holding their profit margin intact and also reducing the offs on credit card charges.
How does the cash discount program work?
As part of our unbeatable merchant services, the cash discount program is the perfect solution for a plethora of businesses, including retail, restaurants, convenience stores, and more. To understand exactly how it works, take a look at the sequence below:
Price of Goods
Businesses using our cash discount program price their goods at the price customers would pay using a credit card.
Cash Discount Offer
Once your customer gathers their goods and is ready to pay, they notice the signage near your register which informs them that all prices posted in the store are credit card prices.
At this point, the customer can choose to pay the listed price using their credit card or pay the discounted price with cash.
With so many types of payment options, credit card processing reseller program can be a challenge for businesses with smaller budgets. Nevertheless, a new technique can overall affect a businessman’s capability to keep a stable business because of the complex payment technology that she or he has to opt for.
How Richard Carleton is leading the Cannabis revolution at the CSE
The growing cannabis market
As the cannabis industry continues to advance, more and more companies are moving to get their stocks listed on Canada Securities Exchange. Cannabis is no longer just a plant. The debate on its legality, decriminalization, health benefits, among others, are now the main focus of attention. Cannabis has emerged as a viable commodity for international trade, and raw material for consumption, with several companies listed on the stock market and shareholders who speculate on its rise or fall according to news of its legalization in more corners.
A great example of this InnoCan Pharma (CSE: INNO, FSE: IP4), a specialty pharmaceutical company, developing products that harness the unique properties of Cannabinoids combined with smart delivery formulations. InnoCan just recently announced a worldwide exclusive license agreement with the Hebrew University of Jerusalem to develop a first-of-its-kind CBD drug delivery platform based on liposomes. This Patent-Pending platform is based on a unique-controlled liposome-release method to be administrated, for the first time, by injection, turning Pharma Cannabinoids-based Medicines to an ever-accessible injectable drug.
Although the debate will always be present, more and more countries have chosen to decriminalize and even promote the use of cannabis, especially for medicinal purposes. The likes of Germany, Argentina, Italy, Canada, etc already allow the use of CBD derivatives to treat health problems, always under medical prescription, but often even facilitating their access to patients.
Cannabis for recreational activities is now an emerging discourse, and borders that seemed immovable a while ago have been crossed. Canada passed a regulation in 2018 that made it one of the few countries that fully allowed recreational consumption and the first of the G-8.
It thus joined Uruguay, a country that has always had a fairly permissive position. And the Netherlands, which despite the fame of its cannabis sale in coffee shops, has not changed its regulation in recent years (The Netherlands does not allow cultivation for self-consumption). As well as Mexico, who in a wide debate in recent years, have legalized marijuana for medical use. In the United States, almost 30 of its states have opened the door to medicinal consumption, and about 10 of them, including California, to recreational use.
The growth of the marijuana-related market has exploded in recent years and according to GlobeNewswire, “The global legal marijuana market size is expected to reach USD 73.6 billion by 2027.” This includes medicinal, recreational, and derivatives.
Furthermore, “It is anticipated to expand at a CAGR of 18.1% during the forecast period. The increasing legalization of cannabis for medical as well as adult-use is expected to promote growth. Based on type, the medical segment held the leading revenue share of 71% in 2019, owing to the growing adoption of cannabis as a pharmaceutical product for treating severe medical conditions, such as cancer, arthritis, and Parkinson’s disease, and Alzheimer’s disease among other neurological conditions. Moreover, an increasing need for pain management therapies along with the growing disease burden of chronic pain among elders is expected to boost the product demand.”
In this context, in recent years numerous companies, especially in the pharmaceutical industry, have begun to fully immerse themselves in this buoyant market with the expectation that over time it will become increasingly legal in more countries. Most of these companies are Canadian, and they have emerged in the glow of the country’s decriminalization momentum.
Some are dedicated to distribution for recreational consumption, those that lean more to the medical side, and those that are specializing in derivatives. Several things unite them: they are all Canadian for their reference in legalization, they are all growing, and a lot of them have successfully been listed on the stock market.
Canadian Securities Exchange (CSE)
Without a doubt, the Canadian Securities Exchange (CSE) has played a vital role in strengthening the marijuana-related market in Canada. Led by a visionary CEO, Richard Carleton, it has emerged as one of the pillars of cannabis investment in the country. Exchange operators have critically guided affairs, bringing about the availability of a variety of investment options for cannabis investors.
The CSE is Canada’s fastest-growing stock exchange. With more than 600 listings and a cumulative market capitalization of approximately C$23 billion, the Exchange continues to attract entrepreneurial companies that are looking for the most efficient path to the North American capital markets. With the help of the Canada Securities Exchange, Canadian companies can choose to test the waters outside Canada, particularly in the United States, as long as they can allay the fears of shareholders. Presently, cannabis is illegal on a federal level in the USA, however, it is legal for medical and recreational purposes in a good number of states.
The Canadian Securities Exchange (CSE) is the go-to platform for cannabis companies who are still developing. It offers much-needed exposure for the growth of these emerging companies, while also giving established organizations, such as multi-state operators in the US, a chance to gain a competitive advantage in the global market.
According to Richard Carleton, “It is always gratifying to see companies capitalizing on opportunities in the public market to pursue their vision for growth. The CSE has a mandate to facilitate entrepreneurial activity such as this.”
Looking at the medical aspect, he further believes that large and small companies have complementary roles in the pharmaceutical industry. Start-up companies play an important role in conducting early research and development in identifying new drug therapies. History shows that a lot of value creation happens in this space before the drugs are taken through clinical trials and ultimately brought to the market by the pharma giants and are prescribed to patients worldwide. In addition, regardless of their size, pharma companies need to have exceptional technical and logistical talent to develop a drug and move it through regulated trials.
Presently, there is a tremendous amount of effort in the pursuit of therapies and vaccines for COVID-19. This recent activity is a good reminder of how powerful the public markets are at organizing capital to solve real-world issues. You can be sure that whatever health challenge society is presented with next, the market will be here to find solutions.
Jeff Lopes: The Story Of A Successful Entrepreneur
Jeff Lopes is one of the most successful entrepreneurs from Toronto. He is one of the rare types who got into the business world in his teen years. He opened his first company even before he turned 17.
Right from a very young age, he has been very passionate about the things he does. He believes in hard and smart work. His company Kimurawear is a worldwide popular brand that has sold over a quarter-million gloves. Although his business has been hit by the pandemic, he is not the one to sit back and watch. He took this time to reassess and reset his business to come back even stronger.
Jeff Knows Inc Podcast
Jeff has recently founded his podcast channel through which he tries to inspire all young entrepreneurs. The name of his podcast channel is Jeff Knows Inc.
He invites other successful entrepreneurs on his podcast to talk to them and listen to their journey. Not just that, he also shares his journey and experience with the audience. He shares his rights and wrongs with the audience with the hope that they will get to learn important things from his journey. Jeff Knows Inc. platform to listen for everyone who wants to be successful in life.
Jeff on his personal life
Jeff is a complete family fan. He has two children and a lovely wife. Despite being a busy person, he always manages to take out time for his family.
According to him, no matter, what you are doing, you should always leave it and pay attention to your kids when they are talking to you. He is a man who likes to follow his schedule so that he can pay full and equal attention to everything in his life.
He is one of the rarest people who doesn’t mind to balance both his family and business life.
Jeff on his success
Jeff has been successful in his business venture right from the beginning. According to him, hard work is the only way to achieve success and that’s exactly what he does.
He said that setting goals for yourself are very important. You should set goals for three months so that your motivation stays alive. He advises others to turn their passion into their career so that they don’t have to hate what they do to earn.