What Is Amex Optblue?
Amex Optblue is an alternative payment method that an American express merchant can use. For some businesses, the traditional method creates several problems that slow the growth of the company. To solve these inconveniences, payment processing companies created an alternative method that improves the growth speed of a business instead of slowing it down. But these methods are advantageous only for companies from specific industries. It is not made for all companies.
This method offers several advantages that may help your company reduce its costs as well as increase the profits of your company. Three main features make this option the best alternative for your business.
• Reduced fees. One of the biggest advantages offered by the Optblue option is the reduced fees that you will need to pay for every transaction. The discount rate fee is reduced to up to a third from the traditional method, and the normal transaction fee can be even two times smaller. Moreover, you will not need to pay any statement fees anymore.
• Fast funding. The traditional American express method requires three to five days to provide the funds in your account. But the Optblue alternative is up to ten times faster. So, you will get your funds transferred into your account in only twelve hours. Such a big difference will prevent many unforeseen problems from arising because you will have a founds ready much faster than it the past.
• Simpler reporting. If you collaborate with a payment processing company, then you will be able to not only get a simpler reporting method. But you will also get an analytics feature that will provide you important information that can be used in the decision-making process of your company. Reporting is an essential part of any business, and the better-managed this part is, the better the future of the company will get.
What Benefits Can You Get from Changing to Amex Optblue?
If you are a user of the traditional American express method. But you are still unsure if you should make the change to the Amex Optblue , then you still do not know yet what are the exact benefits that your company will get from this method. With these benefits, you have no other choice but to strongly consider making the change.
• Reduce costs. Using the Optblue method, you will not only reduce the costs of your company through the reduced and waived fees. But you will also reduce the other fees that you needed to pay the banks because of the lack of found and use of their other services. If your company has funds available, then that will make your life easier and reduce many of the costs that your company had to pay in the past.
• Increase in profits. A good payment processing software will not only help you increase your company profits through the reduction in costs. But it will also offer you more time to market your company and increase the number of customers that you have. You will not need to focus on the problems produced by the American express method anymore. You can use that time to attract new customers and retain old ones.
• Faster company growth. As mentioned above, the founding will enter your account daily. This means that you can micromanage your company finance much better. Doing this will ensure that the growth speed of your company will increase. Also, this effect will compound in the future, and the growth speed will increase more and more. You will be able to accomplish your dreams with years faster than you could do without this type of software.
Business Problems That an American Express Merchant Can Encounter!
By now, you may wonder what problems can this method solve in the end? Well, the problems solved differ from industry to industry. But there are several of them that are common between almost all industries that need to use the Optblue method. An American express merchant will still need to deal with these problems by the time you switched.
• Stock. Most industries that need the Optblue method have to deal with stock problems. Some of them need to deal with this almost daily. For example, restaurants always need fresh ingredients. But with the traditional method and the late founding it provides, it is much harder to manage this task. Most of the time, they are forced to use some found from their saving account or use credit cards to manage the expenditure and pass smoothly through hard situations. On the other hand, the alternative will get rid of this problem easily due to the 12 hours founding. You will no longer need to wait for days before you bet your payments transferred in your accounts.
• Credit cards. Most businesses make use of credit cards to improve their credit scores as well as pay their collaborators and the costs of the company. But they also need to be very careful and manage every payment made. If they forget to pay the money back to the bank, then they risk paying back a large amount of money in fees. And daily costs are the ones that pose the biggest problem in this area. But with the twelve hours founding, there will no longer be this problem.
• Small accidents. Small accidents will always happen, especially in industries like restaurants and the lodging industry. Unfortunately, most of these accidents will require additional costs that may not be available at the moment. And this will force the company to find alternatives that will either increase its costs or will damage its reputation. No one wants to suffer because of this type of accident. But without proper payment processing software which takes into consideration these types of problems, it is hard to avoid them. For this reason, you need to do your research and find the software that offers the best alternative for your needs, one of the best alternatives being the Optblue method.
