I could probably summarize todayās topic in a single Threads post, and if I did, it would read something like this:
Donāt charge your customers differently based on their method of payment
To follow that up, I might add to that Thread by saying this:
Set your prices right the first time
Iāve always thought it was kind of bush-league to charge customers more or less whether they pay with cash or credit or cheque or whatever. The reason is because as the person on the receiving end of a transaction, your goal should be to make it as easy as possible for the giver to give you their money. Iāve also found that the fewer decisions your customer has to make, the more likely they are to decide to give you money. Making them weigh the pros and cons of payment methods is another reason to delay payment.
Before you leave, I know youāre not all business owners, but we are all sales people. We transact every day with each other, and thereās a rampant bad habit of putting terms and conditions on our transactions. Weāre meant to be social creatures, and itās expected that thereās going to be give and take in every relationship, but the fine print weāve all started to use is getting out of hand.


