Denver, CO - Snowvation is pleased to announce groundbreaking cost savings with a new low rate of 1.8% credit card processing heading into the 2018-2019 Summer & Winter seasons. Starting next season, current and future Snowvation partner resorts will benefit from some of the most competitive available card processing rates in the market. These new low rates will be available for all card types and include no fixed-fee per transaction.
For a resort producing $1,000,000 in seasonal ski school sales, for example, Snowvation’s card processing rate represents over $12,000 in seasonal savings from industry standard card rates. Further, Snowvation’s new card rate will be available to all partner resorts, regardless of the size and scope of the resorts operation and annual volume.
“We are thrilled to be able to help our resorts improve their margins with our new 1.8% credit card rate. In a recent study, it was noted that 75% of consumers prefer credit & debit cards as a method of payment with just 11% preferring cash. As our partner resorts customer bases move in this direction, we want to help them keep more of what they earn” said Michael Stocker, CEO at Snowvation.
To date this season, Snowvation has processed millions of dollars for its partner resorts across the US, China, & Japan, while handling all PCI compliance, regulatory concerns, and credit card processing risks for its partners. Standard credit card processing rates vary between card type, method of payment, and more, but can be as high as 3.5% in some cases. New and current partners will begin to see the discounted rate of 1.8% beginning May 1, 2018.