We haven't seen that much of difference in sales with the exception of the first 2 weeks in February there was a huge drop. After that is picked back up but things seem to have slowed down a little. We usually have Paycom for our first cascade and ccbill in our 2nd. We have switched CCBill to the 1st cascade and have not seen that much of a difference in signups. Sales are definitely slower than normal though so it is hard to say why.
I would say though that ever since credit card raised the minimum payments and bend over consumers with up to 29% interest things got worse. I had credit cards at 23% at one time and paid more than the minimum payment and my balance went up and I wasn't charging anything. I couldn't imagine having to pay 29%. I think because of this consumers credit cards are maxed out like never before. I checked and just yesterday we had over 100 declines which seems to go up and up. Anyone else see a huge increase in declines? Chargebacks and credits have gone up as well. All of these things tell me consumers have less money avaliable on their credit cards which might be the decrease in sales. Just my
Mark