Make dealership payments a breeze with our Speed Checkout feature! From anywhere, anytime, your customers can swiftly and securely complete transactions using their mobile devices. Enhance convenience and satisfaction for both staff and clients.
The Importance of Online Bill Pay with 3D Secure 2.0:
Enhanced Security: Integrating 3D Secure 2.0 into the Speed Checkout feature is crucial for safeguarding against fraudulent transactions. This system ensures an automatic liability shift for all fraud chargebacks, meaning that once a transaction is approved through 3D Secure 2.0, any chargebacks with a fraud reason code become the responsibility of the customer’s bank. This significantly reduces the potential financial liability for your dealership, providing peace of mind and protecting your profits.
Convenience and Efficiency: With the ability to complete transactions swiftly and securely from anywhere at any time, the Speed Checkout feature enhances customer satisfaction and streamlines the payment process. This convenience translates to happier customers and more efficient staff, as the ease of use reduces transaction times and minimizes errors.
Advantages of Surcharging:
Cost Savings: Text2Drive's surcharging feature automatically applies a fixed 3% surcharge on credit card transactions. This small fee can result in substantial savings for your dealership, with potential reductions in credit card fees ranging from $5,000 to $10,000 per month. By passing on the processing costs to the customer, your dealership can retain more of its revenue.
Transparency and Compliance: The surcharge is disclosed on the device screen and as a line item on the customer’s receipt, ensuring transparency. Text2Drive fully complies with card brand regulations, supporting surcharging for Visa, Mastercard, Discover, and American Express OptBlue. However, it's important to note that surcharging is not allowed in Connecticut, Massachusetts, and Puerto Rico.
Detailed Reporting: Dealerships receive daily and monthly summaries of surcharge fees collected, providing valuable insights into transaction patterns and savings. This detailed reporting helps in financial planning and assessing the impact of surcharging on overall revenue.
How to Reach Us:
To explore the benefits of Online Bill Pay with 3D Secure 2.0 and compliant surcharging for your dealership, contact me at 773.992.0067. Alternatively, you can reach out to me at kclark@text2drive.com or visit our website at www.TEXT2DRIVE.com for more information. Start reducing your credit card processing fees and protect your profits today with Text2Drive’s innovative solutions!
Make dealership payments a breeze with our Speed Checkout feature! From anywhere, anytime, your customers can swiftly and securely complete transactions using their mobile devices. Enhance convenience and satisfaction for both staff and clients. Learn more https://bit.ly/4buHsAx 📈
Senior Manager, Operations Excellence
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