Combined Companies Deliver Powerful Marketing and Financial Solutions for SMBs

The new combination of The Robinhood Group now has all of the necessary tools and strategies on how to properly target their use in order to maximize the benefit to its small business clients.

Portland, United States - June 12, 2019 /PressCable/ —

Portland, Oregon, June 12, 2019 – The Robinhood Group, Inc. and Dinero Funding, LLC joined forces in May 2019 to add the strengths of both entities under The Robinhood Group brand, which serves the small to medium size business markets (SMBs) in the US. Prior to this combination, Dinero Funding primarily focused on providing Cash Discount Credit Card Processing (at zero cost to the business for accepting credit cards), POS solutions and business funding services. Alternatively, The Robinhood Group was formed to provide social media management, online reputation management, search engine optimization services. Now the combined strengths of both entities provides small business owners the opportunity to work with just one company that can effectively deliver revenue generating and expense saving solutions; eliminating the need for multiple service providers. The added benefit from working with The Robinhood Group’s bundled service solution, is that it adds significant value and cost savings to clients across the US.

Following this merger, The Robinhood Group now has the ability to offer Cash Discount Merchant Card Processing services that do not cost the business owner anything to accept credit cards. The Robinhood Group’s affiliated banking partners are saving approximately 17,000 business owners over $4 billion annually in credit card processing fees, and the number of businesses that are switching to Cash Discount Merchant Processing is growing exponentially.

Since the early 1960’s, the credit card industry began forming monopoly-like business practices where they convinced business owners that it was worth paying fees to accept credit cards as a form of payment (versus currency) while also charging fees and interest to cardholders. This trend of aggressively marketing the use of credit cards instead of cash, has increasingly cost retail business owners a substantial portion of their profits.

The Robinhood Group’s financial affiliates capitalized on the terms of the recent 6.2 billion dollar settlement of the anti-trust suit brought against Visa and MasterCard by 19 national retailers, including the top one percent, such as: Home Depot, Kroger, Target, and Walmart in 2005. The revised terms of the Dodd Frank law allows the option for retail merchants to either pay for accepting credit cards or not. Roger D. Cruise, Co-Founder and President of The Robinhood Group, stated: “With the ever increasing costs of operating a retail business, I strongly believe in the fact that our services can lead to a ‘profitable life’ for small businesses, depending upon whether they opt for our type of strategic solutions, or not. The average person doesn’t realize how thin the net profit margin is for a majority of retail establishments. Between rising rents, utilities, mandatory wage increases, product costs and tax increases, small businesses are getting financially squeezed by multiple factors. By driving top line sales growth and eliminating the swipe fees for accepting credit cards, our clients could experience as much as a 25%-75% increase in their net profits – money that can be reinvested into marketing, new product development, and enhancing their customer’s experience.”

The Robinhood Group is also now able to provide access to non-recourse loans and lines of credit to small business owners. The guidelines for qualifying provide more flexibility to the business owner, and typically do not require personal guarantees. “For any business, having access to funding options provides the flexibility to navigate both up and down economic cycles and provides the opportunity to invest into business expansion. According to the SBA, small businesses create two-thirds of net new jobs in the US. These hard-working entrepreneurs are who we are dedicated to serve; they are the lifeblood of our American economy, and we have all of the tools necessary to make sure they succeed” stated Co-founder and Vice President, Pamela Matson.

About The Robinhood Group, Inc.

The Robinhood Group, Inc. delivers tools and resources to help small to medium sized businesses thrive in highly competitive retail industries. These tools and resources are strategically employed to maximize effectiveness for its clients, and include: Social Media Management, Online Reputation Management, Search Engine Optimization, Online Advertising and Content Creation, in addition to Cash Discount Credit Card Processing, Point-of-Sale Systems, and Business Lending. The Robinhood Group is headquartered in Cheyenne, Wyoming, and has a satellite office in Portland, Oregon.

Contact Info:
Name: Roger D. Cruise
Email: Send Email
Organization: The Robinhood Group, Inc.
Address: 1455 Northwest Irving Street Suite 200, Portland, OR 97209, United States

Source: PressCable

Release ID: 523033

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