Grocery Store

Increase the profitability of each of your grocery store locations by $50,000 to $60,000 per year? Electrum Corporation introduces a service that has been created specifically for the Grocery Store market with input from executives in that industry. The service gives you the ability to increase revenues through credit programs and card based services  while at the same time reducing accounts receivable, payroll and payment acceptance cost, particularly as it relates to those very expensive credit cards.  These services are turnkey and require no point of sale integration.

ECheck Preferred is an ACH POS debit or credit card. Customers sign up for the service and have funds for purchases deducted directly from their checking accounts the next banking day or on some day in the future (up to one month from the purchase date) for a small fee to the consumer.  Even if the debit to the consumers account rejects, you are guaranteed payment.  Combined with the loyalty features of the card, take a bite out of your credit card traffic and save a bundle on those outrageous credit card discount rates.

Drive new consumers to your store by giving them a flexible payment option.  If a customer is short on money before their pay date, they will come to your store because you are giving them flexible options for payment. They know you will give them some extra time to make their payment to you and they still walk out with their groceries.  A customer doesn't have to face with the difficult decision of purposely writing a bad check to get their groceries.  Their loyalty to your store has just sky rocketed. 

You can also use other Electrum products such as ECheck Debit. ECheck Debit is a stored value ATM debit card that offers a simple way to pay your unbanked employees.  Click here to learn more.

ECard provides a streamlined service for direct billing your institutional customers such as restaurants, hospitals, children’s homes, food service companies, etc.  Whether you operate your own program, outsource it to a third party or have just been considering a direct bill program, this service will give you the most cost effective and efficient way to attain this lucrative business.  Click here to learn more