Ever wish you could seamlessly guide clients towards the most profitable payment methods? 🤔 This breakdown reveals how to set up dynamic payment options in Tave, saving you time and money! 💸
💡 Why This Matters: The Power of Subtle Nudges
Imagine this: a client books a high-value service, but then nonchalantly whips out their credit card, oblivious to the processing fees eating into your profit. 😩 Dynamic payment options act as a gentle nudge, encouraging clients to choose payment methods that benefit both of you.
💰 Section 1: The Two-Account Strategy 🗝️
The magic starts with two credit card processing accounts:
- Account 1: Your Everyday Hero: This is your go-to processor for most transactions, ideally with low or no processing fees for smaller amounts (think Authorize.net).
- Account 2: The Fee-Based Option: This account (e.g., Square) allows you to apply a surcharge for credit card payments, covering those pesky processing fees.
🪄 Section 2: The Code That Makes It Happen 💻
Don’t worry, you don’t need to be a coding whiz! 🧙♂️ Simply paste a snippet of code into your Tave branding settings. This code does the heavy lifting, dynamically showing or hiding payment options based on the invoice balance.
📝 Customization is Key:
- Button Labels: Make sure the code references the exact button labels you use for each payment option in Tave.
- Threshold Amount: Decide the invoice amount that triggers the switch between your fee-free and fee-based credit card options.
✨ Section 3: The Client Experience
From the client’s perspective, everything feels seamless.
- Lower Balances: They see the usual payment options, including a fee-free credit card option.
- Higher Balances: The fee-free credit card option disappears, replaced by the fee-based option. They can still choose other fee-free methods (like checks or bank transfers).
🚀 Section 4: Reaping the Rewards: More Profit, Less Stress!
This simple setup offers major benefits:
- Increased Profitability: You recoup processing fees on larger transactions. 📈
- Reduced Client Friction: Clients are gently guided towards optimal payment methods, minimizing confusion and disputes. 🤝
- Time Savings: No more manually adjusting payment options or chasing clients for additional fees. 🎉
🧰 Resource Toolbox:
- Tave: https://tave.app/join/flashbulb-memories-photo-booth – Your all-in-one business management platform.
- Authorize.net: https://www.authorize.net/ – A popular choice for reliable payment processing.
- Square: https://squareup.com/ – Offers a user-friendly platform with various payment options.
Pro Tip: Test your dynamic payment options thoroughly before launching them to clients!
By implementing this strategy, you’re not just accepting payments—you’re optimizing your entire cash flow! 💰💪
