Cash Discount Feature
SmartPOS solutions offers a
Cash Discount Feature
that allows a business (Restaurants, Bars, Nail and Hair Salons,
etc) to pass on the Credit Card Processing Fee in a
Clear
and aceptable way.
What is a Cash Discount?
In many industries, owners incur credit card processing fees from
their payment service provider for providing costumers the
flexibility to pay with a card , regardless of whether it is system
integrated with their existing setup or standalone one. The overall
cost of credit card processing for restaurant owners normally falls
within a range of 2 to 4% of each transaction's total amount.
To eliminate this cost, SmartPos Solutions Cash discount feature
allows for a busines to charge different prices for an item based on
whether the costumer pays with a Credit Card or Cash. For example,
if the costumer pays for a Steak Dinner with cash the menu charge
price would be $45. If on the other hand the costumer decides to pay
by Credit Card, the menu charge price would be $47 (assuming 4%
processing fee and rounded to the nearest dollar).