While the New Year can be a time to boost sales, a common obstacle is maintaining cash flow. There are specific steps you can take when banks aren’t processing settlements normally.
Especially for Small and Medium Enterprises (SMEs), cash flow constraints can impact everything from purchasing inventory and routine operational expenses to paying employee salaries.
If this sounds like you, worry no more. Now, there’s the Labamu app, which offers a solution for small business payments with no fees and same-day disbursement.
How? Read this article to the end for more information!
How to Maintain Business Cash Flow at the End of the Year
Here are two key features you can use in the Labamu app to help maintain your business’ cash flow when banks are closed due to the year-end holidays.
1. 0% MDR feature from Labamu
For those of you who don’t know, MDR, or Merchant Discount Rate, is a fee charged to sellers when accepting non-cash payment transactions, such as QRIS.
Why is it called a burden? Because even though the nominal amount per transaction may seem small, when accumulated, it can be quite substantial, especially for SMEs with high transaction volumes.
To address this, Labamu’s solution is a 0% MDR feature for QRIS transactions during the New Year promo period.
By using this feature, there are several benefits that you will feel, namely:
- Free MDR fees so that sales results immediately become income.
- Attracting more customers because QRIS is an increasingly popular payment method because it is easy to use.
- Increase profit margins due to savings in transaction costs.
2. Same-Day Settlement
Another common problem business owners face when banks are closed is not being able to disburse funds on the same day.
For this reason, Labamu also offers a Same-Day Settlement feature specifically for the New Year period. This feature is a great way to maintain your business’s cash flow, allowing you to disburse funds on the same day.
The advantages of using the Same-Day Settlement feature are:
- Instant Disbursement
You don’t have to wait for the bank to open to receive sales funds immediately. This is ideal for urgent needs, such as purchasing stock or paying salaries.
- Business Continuity
This method helps you maintain your small business’s cash flow during bank holidays, allowing it to continue operating normally. This also reduces the risk of running out of funds during peak sales.
- Peace of Mind
You no longer need to worry about interbank transfer delays because the Labamu system will still process settlements. This way, you can focus on your New Year marketing strategy without the burden of stuck funds.
Cara Aktifkan Fitur 0% MDR dan Same-Day Settlement
If you are interested in using the two Labamu features above, here is how to activate the features.
1. Register or Login
- If you don’t have an account yet, visit Labamu.co.id and register for free.
- For those who are already users, log in to Labamu and select the Settings menu.
2. Accept Payments with QRIS
- On the dashboard page, select the Static QRIS menu, then follow the steps to activate QRIS in your store.
3. Verify 0% MDR Promo
- Make sure you have met the 0% MDR promo requirements during the New Year period.
- If you meet the requirements, the promo will automatically be applied when you activate QRIS.
4. Enjoy Same-Day Settlement
- First, make sure the Bank Account data in your Labamu Profile is correct.
- This feature can be used during bank holiday periods (24-26 December 2024 and 31 December 2024 to 1 January 2025) so that sales received before the cut off time will be completed on the same day.
Strategies to Maximize Sales in the New Year
In addition to taking the right steps to maintain cash flow, here are some New Year’s sales strategies to maximize profits.
1. Hold a Flash Sale Promotion or Discount
Take advantage of this New Year’s Eve to offer attractive discounts to customers. You can also offer QRIS payments with a 0% MDR (Micro, Small, and Medium) so your profit margin isn’t affected by transaction fees.
2. Prepare sufficient stock of goods
Avoid running out of your most purchased items when customer demand spikes at the end of the year. With the Same-Day Settlement feature, you can purchase stock immediately without waiting for funds to languish.
3. Optimize Online Promotion
Leverage your social media and marketplaces to reach a wider audience. One way to do this is by advertising that your store accepts QRIS without MDR fees. This can be a significant competitive advantage.
4. Prioritize Customer Satisfaction
Respond quickly to customer inquiries to maximize sales conversions. Offer fast, free cashless transactions to make shopping more convenient for customers in your store.
Also read: 7 End of Year Promo Ideas to Increase Sales and Add New Customers
Labamu, an Application that Always Supports Indonesian SMEs
Embracing the spirit of “Growing Together,” Labamu offers numerous tools to partner with you on your business journey. Especially during a crucial time like the New Year holidays, we want to ensure every business has access to payment solutions.
Labamu’s goal is for all SME businesses to have payments that:
1. Affordable
With the 0% MDR feature, you’re no longer burdened with additional transaction fees. This cost savings means you can allocate funds for other vital needs, such as new stock or employee bonuses.
2. Right on Target
Use the Same-Day Settlement feature to prevent cash flow disruptions and maintain cash flow during the long holiday season. This will give your business the flexibility to continue operating and even run end-of-year promotions.
3. Easy to Integrate
Because the QRIS activation process at Labamu is so easy and fast, you can immediately start accepting cashless payments from customers. If you encounter any issues, our clear onboarding guide and support team are always ready to assist you at any time.
Let’s Welcome a Growing New Year with Your Profits!
The current New Year period should be a prime opportunity to boost sales. Don’t let cash flow be hampered by bank downtime.
Start the new year with healthier finances and brighter business prospects with 0% MDR and Same-Day Settlement features to help your business continue to grow and thrive.
So, in addition to implementing the correct steps above to maintain cash flow, let’s “Grow Together” with Labamu to create stronger and more competitive Indonesian SMEs in the coming year!
