What's the difference between Surcharge and Cash Discount??

 

Both receipts are legal... how would you like your business to run?

You won't need to change your shelf or menu pricing with either method! Simply offer a discount on items to your cash customers. 

For most businesses, there's no harm in offering a cash discount IF you've set your prices to account for credit card purchased! This mean you have calculated your operating costs including the fees for accepting credit cards! We find it CRAZY that businesses forget to all those costs of financing their customers meals, products or service until they can pay their credit card bill! You see if you did not take credit cards, almost half your customer would NOT be able to enjoy your restaurant, store or service! 

Whether you add a surcharge or reduce the cost if paying with CASH, you're passing the credit card processing fee on to your customer who enjoys the experience TODAY with the cash! No to mention points, cash back and more! 

Want to know more about surcharging or cash discount? Give us a call today! 

Merchant Processing Solutions Inc.

954-938-2420

Yes, Gift Cards make you money!

 

As we approach the 2023 Holidays, Merchant Processing Solutions suggests you look at selling HOLIDAY GIFT CARD compatible POS System. Gift Cards are the most purchased gift over the holiday season. Last year, 2022, $899.3 Billion dollars in gift cards were sold. Gift Card sales increase 114% from October – January each year.

Based on these stats, a business can increase yearly earnings by almost 20% with just offering Gift Cards for their products or services! This is certainly true for restaurants, cafes and coffee shops where these gift are perfect for employees, employers, teachers and other service individuals in our lives. 

I warn you though, BE CAREFUL! There are companies that partner with Gift Card Companies that not only charge for the service but a percentage and even some charge transactions fees! 

You also want to be able to design your own gift card and purchase the amount of cards you want to have on hand. Make sure that the process to set up the Gift Card Program and the uploading of money to each card is simple for all your employees to do! 

I believe this could be a great program to kick off the Holiday Season and those SOLD CARDS will be redeemed in 2024! 

Please lets get together to chat, thanks

Merchant Processing Solutions Inc. 

954-938-2420