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

One Comment

  • This post highlights a common yet often overlooked aspect of effective negotiation: the importance of strategic patience combined with assertiveness. It’s interesting how, despite the initial silence and delays, the provider managed to implement the lower fees before acknowledging the communication lapse—perhaps a reminder that behind-the-scenes adjustments might not be immediately transparent.

    Your consideration of whether to accept, negotiate further, or escalate is wise. In many cases, framing your follow-up as a value proposition—such as requesting a more substantial compensation or additional perks like a free card reader—can be effective. Additionally, documenting all communications and emphasizing the inconvenience caused can bolster your case should you choose to escalate.

    Ultimately, this situation underscores the importance of setting clear expectations and maintaining persistence to ensure you’re compensated fairly—not just for the costs but for the time and frustration involved. Thanks for sharing this insightful journey—it’s a valuable lesson for any small business owner navigating service provider negotiations.

Leave a Reply to bdadmin Cancel reply

Your email address will not be published.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