What Is Cash Discount Payment Processing?
Cash Discount is an alternative to traditional payment processing that provides choice while saving businesses money. Here's an overview of how it works.
Opposed to surcharging Cash Discount is compliant in all 50 states keeping you compliant with card brand regulations
Automate adjustments to inventory prices to cover the cost of your credit card transactions
Cash Discount reduces the price of a sale when customers pay with cash
The Paystri Cash Discount Clover Application increases product inventory prices by item, category, or across all items in your store allowing you to cover the cost of the credit card transaction.
When customers pay with a credit card, they pay a slightly higher price which covers your credit card processing cost. When a customer pays in cash the transaction is automatically discounted.
Let's face it, the cost to accept credit cards adds up quickly. Adopting a no-fee payment processing model can help you save the costs associated with traditional card acceptance programs.
POS provides a simple platform for monitoring transactions, improving customer experience and even collecting customer information. Making sure your POS is easy to use for your employees is important to seamless business operations. The less time you need to spend training new employees on the system and the fewer issues your team has, the more time your team can spend on sales and talking to customers.
Consumers that have a smooth, no-hassle transaction procedure are more likely to become repeat customers, increasing client loyalty to your laundromat. If it is not user-friendly, it might have the opposite effect, deterring customers and resulting in fewer transactions.
How much can Cash Discount save your business in card processing fees? Slide the bar to the approximate amount of credit card volume you process each month. See your effective rate, monthly, and annual savings on the right. If you don't know how much you are paying for monthly processing fees leave the bar at zero.
Cash Discount is an alternative to traditional payment processing that provides choice while saving businesses money. Here's an overview of how it works.
Are you confused about the differences between cash discount and surcharging? Below is an overview and infographic to help you understand the differences.
Cash Discount is an alternative to traditional payment processing that provides choice while saving businesses money. Here's an overview of how it works.
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