Home / Business / Negotiated better card reader fees, they ignored me for a month, complained, now they want to only offer £50 compensation?

Negotiated better card reader fees, they ignored me for a month, complained, now they want to only offer £50 compensation?

Maximizing Customer Service Outcomes: Navigating Compensation Offers After Prolonged Communication Delays

In the world of small business management, effective negotiation and clear communication with service providers are crucial. Recently, I encountered a situation involving a payment processing company that underscored the importance of persistence and strategic decision-making.

The Scenario:
As a business owner, I utilize a card reader service to process credit and debit card transactions. Eager to reduce overhead costs, I initiated negotiations with the provider to secure better transaction fees. They responded promptly, offering me two discounted rate options, which I carefully reviewed and selected via email. Throughout this negotiation phase, their communication was efficient, with responses received within 24 hours.

The Challenge:
However, upon submitting my preferred option, I experienced an unexpected silence—no replies to follow-up emails or phone calls despite multiple attempts. After three phone calls and two additional emails over the course of several weeks, my efforts remained unanswered. Frustrated, I composed a detailed complaint and directed it to their complaints department.

The Outcome:
Eventually, I received a response acknowledging the lapse in communication and offering a modest compensation of £50 for the inconvenience. Interestingly, they had implemented the agreed-upon lower fees a few days prior to their acknowledgment, indicating that some of the negotiations had been processed behind the scenes despite the lack of communication.

Evaluation:
While I anticipated a more substantial compensation—perhaps £200 or even a free card reader—the offer currently stands at £50. They provided instructions to accept the offer or escalate the matter to the Financial Ombudsman Service.

Strategic Considerations:
The key questions now include: Should I accept the proposed compensation, attempt further negotiation, or escalate the matter?

  1. Accepting the Offer:
    If the revised fees and the £50 are satisfactory relative to my cost savings and the effort involved, accepting may be the most straightforward course.

  2. Negotiating Further:
    There is room to negotiate, particularly if I believe I can justify additional compensation or request a free card reader. Presenting a clear case emphasizing the communication delays and the inconvenience caused could strengthen my position.

  3. Escalating the Issue:
    If I feel the compensation does not reflect the inconvenience or financial impact, I could escalate to the Financial Ombudsman. This route is suitable if I seek a more formal review of the matter, especially if I believe the company’s conduct breaches consumer protection standards.

Conclusion:
Effective resolution hinges on balancing patience with assertiveness. Knowing when to accept

Leave a Reply

Your email address will not be published. Required fields are marked *