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The highly complex and ever-changing details of electronic payment processing fees often put businesses at a disadvantage. In today’s hair and beauty salon industry, streamlining services and reducing operating costs are distinct advantages of the right payment processing partner.

OTM Payments’ dedicated team of professionals work with businesses from this and many other industries to review and assess their processing environment. We give specific focus to overall fees, EMV compliance requirements, PCI procedures, best practices to reduce fees, interchange reduction opportunities, descriptive billing, recurring billing efficiencies and more. 

THE MERCHANT: A central NJ hair salon processing on a traditional platform with OTM Payments

THE OBJECTIVE: Following the extended pandemic shutdown, the salon owner was receptive to exploring an alternative processing platform with zero fees. OTM Payments conducted an assessment and side-by-side cost analysis to illustrate the savings that could be realized by passing credit card fees onto the consumer through its CardX Program.

THE RESULTS: Following a thorough analysis, the results were very much in keeping with what the OTM Payments’ team uncovers regularly within this industry vertical, but surprising to the business owner.  Through the CardX Program, the merchant would realize significant cost-savings of nearly $3,000 annually.

Monthly Volume: $14,059.96

56.6% Monthly Savings Provided by OTM Payments

$227.58 Savings per Month

$2,730.96 Savings per Year

“OTM Payments continues to be an unmatched merchant services partner. While we were more than pleased with our traditional processing program and believed we had competitive rates, the pandemic created a greater interest in exploring additional cost efficiencies. Zooming in on dollars with this new lens, the side-by-side cost analysis helped us realize it was a move we needed to make. We have seen no downside to the move.” - Central NJ Hair Salon

Merchants from a variety of industries continue to embrace our CardX program. The primary reason? True cost savings. Contact us today for a no-obligation, side-by-side statement analysis against your current provider and to learn more about this zero-fee program. (732) 230-7702 or sales@onthemarkpayments.com