Mike Steinmetz: How Dealerworks Is Cutting Payment Costs and Saving Time for Dealers
Mike Steinmetz went from New York actor to one of automotive’s go-to payments experts, spending 12 years inside dealerships fixing how they get paid. Today he’s the CEO of Dealerworks, a bootstrapped payments platform built specifically for car dealers. Here’s the number most stores have stopped looking at. Dealerships typically pay between 2% and 3.5% on every card transaction. Spread that across a year of service, parts and sales, and it becomes one of the largest costs nobody is actively managing. In this episode he breaks down how to cut processing costs without charging customers a fee, handle dual pricing where surcharging is banned, post payments straight into the DMS, and turn the last moment of the service visit into the easiest one. 👉 Register for the upcoming Fixed Ops Roundtable Event What we discuss in this episode: Processing fees: Where dealers may be paying more than necessary and what options exist beyond passing fees to customers. DMS reconciliation: How automated payment posting and repair order closing could give accounting teams hours back. Service checkout: Why the final few minutes of a service visit may be creating unnecessary friction for customers. One connected payment system: What changes when payments across departments and rooftops are managed in one place. Self-service and after-hours pickup: How new payment technology and kiosks could change the way dealerships handle service customers. If your team still reconciles transactions line by line the day after, this one is going to feel uncomfortably familiar. And useful. Learn more at dealerworks.io Listen to the episode featuring Mike Steinmetz for even more insights! Enjoying The Fixed Ops Roundtable Podcast? Please leave a rating and review 👇 Apple: https://podcasts.apple.com/us/podcast/fixed-ops-roundtable/id1608656237 Spotify: https://open.spotify.com/show/15HHYoyvCo1PSFwYn02UXY Thanks, Mike Steinmetz Connect with Ted Ings and the Fixed Ops Roundtable: Register for the next Fixed Ops Roundtable Event Ted Ings on LinkedIn Center for Performance Improvement






