Dealer Group Saves Over $68K
Annually Across 8 Locations
By moving to PromisePay’s lower rates and leveraging integration tools, this multi-location dealer group achieved significant savings while reducing reconciliation time.
The Challenge
High Costs + Inefficient Processes
The dealer group was processing payments at 0.10% basis points and $0.10 per transaction. They needed better integration with their existing systems, improved reconciliation, and a path to long-term savings without sacrificing customer experience.
The Solution
Lower Rates + Better Integration
PromisePay moved the group to competitive rates of 0.04% basis points + $0.04 per transaction. In addition, they adopted the UpdatePromise integration, which streamlined their reconciliation process and reduced administrative hours every month.
The Results
Substantial Savings + Operational Efficiency
The shift not only cut costs but also improved day-to-day dealership operations. The results speak for themselves:
Rates Dropped: From 0.10% + $0.10 ➝ 0.04% + $0.04
Annual Savings: $68,355.61 across the dealer group
Reconciliation: Hours saved every month with automated reporting
Region:
CA, TX, AZ
Locations:
8
Industry:
Automotive
Expense Category:
Merchant Services
Ready to see what your dealership group could save?