Credit Card Payment Processing Challenges Faced by Dealerships

November 15, 2023

Dealerships often face significant challenges when it comes to credit card payment processing. In the automotive industry, transactions can vary greatly in size, from minor sales to major purchases, leading to issues with processing fees. Some providers charge higher percentages for larger transactions, affecting the dealership’s profitability or necessitating higher costs for customers in a fiercely competitive market.

Understanding Dealers’ Payment Processing Challenges

Efficiency and reliability in payment processing are pivotal for dealerships. Delays or technical glitches can disrupt operations and impact customer satisfaction. If payment terminals and point-of-sale (POS) systems aren’t tailored to the specific needs of dealerships, it can result in costly disruptions and potential lost business opportunities.

Ten Common Pain Points in Dealership Payment Processing

Let’s explore ten common pain points that independent and franchise dealerships encounter with their payment processing services:

These challenges underscore the importance of selecting a provider that offers competitive rates, reliable technology, industry-specific features, robust security, and responsive customer support to address the distinct requirements of independent and franchise dealerships.

Meet Peri by Solera: Revolutionizing Payment Processing

Introducing Peri by Solera – a payment processing service designed to help dealerships reduce costs on every transaction. It enables businesses to swiftly adopt or enhance their payment options with lower fees, bolstering their competitiveness in today’s market.

With Peri, dealership owners gain access to reliable customer support, ensuring that any technical issues related to accepting payments online are promptly resolved. This guarantees no delays in getting paid by customers, providing peace of mind to dealership owners.

Discover how Peri merchant services can revolutionize your dealership’s payment processing experience, boost your competitiveness in the industry, and address these pain points head-on.

Learn more about Peri by Solera today.

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