Quote:
Originally Posted by gleem
Good point, economy is down, thought we were recession proof, sales didn't get hurt the last few dips, but this time banks were directly affected and cutting CC limits down, got one I don't use much cut from 25k to $500 with no notice and never having been late.
But I throw that in with the billing side of things ie customers being less billable than before. For example look at your initial charge & rebill success rates now vs. 3 years ago. In my books that's 20% less willingly billable people than we could have billed 3 years ago.
exactly, and it has now become a necessary evil.
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I've heard from friends that own brick and mortar businesses that we are lucky our price point is $25. One friend owns a clothing store and they have seen a HUGE rise in declined credit cards most of the declines are in the $75 to $200 purchase price range.