by Chandra Spary-Kontinos | Apr 1, 2022 | Featured, POS Systems, Restaurant Industry News, Services, Uncategorized
What are the differences and the best choice for your business?
Are you considering Surcharging or Cash Discounting? Accepting credit cards is a necessity in today’s world. However, credit card processing fees are taking a larger chuck out of your profit margin these days, especially with the ever-increasing popularity of rewards cards. Moreover, many of the merchant fees associated with rewards cards tend to increase year after year, due to the escalation of the “Cash Back” incentives the Card Issuers give their cardholders.
Who pays for the majority of these incentives? You the merchant. More and more merchants are now electing to add a surcharge or implement a cash discount program to combat these rising costs. This may be a great option for your company if done correctly. So, what is the difference between surcharging and cash discounting?
Surcharging
- Surcharge: Adding a small percentage to a credit card transaction to offset the merchant fees for processing the credit card payment. This surcharge is added to offset the processing fees associated with accepting credit cards. This fee only applies to credit cards and does not apply to other forms of payment such as debit cards, cash, or checks. Surcharging must also be done in a compliant manner and by a processor that follows the rules and ensures their merchants are compliant.
Cash Discounting
- Cash Discount: A reduction in price for customers who pay with cash or check instead of credit or debit cards. The discount is deducted from the advertised price at the time of sale. Another method of Cash Discounting is adding a small percentage to increase the price of the sale, known as a Non-Cash Adjustment.
Making this Win-Win Solution
Ask yourself, is this a good move for your business? Will there be pushback from the customers? The solution is simple. Giving your customers an option to pay with a lower-cost alternative is a win-win! They continue to receive great pricing if they pay with cash or check, and you are able to offset your processing fees. It is good for both parties when these programs are rolled out correctly with proper signage, employee training, and a good Point of Sale System, which calculates and ensures compliance.
Card Systems understands that every business is unique, which is why we take a consultative approach to find the right solution for your business and card processing needs. Whether you’re just getting started or have been in business for decades, Card Systems can offer endless benefits to help you run your business more efficiently and more profitably.
by Chandra | Aug 13, 2021 | Marketing, POS Systems, Restaurant Industry News, Retail Industry News
Is managing your POS system as easy as posting a picture on social media? It Should be!
Imagine being able to upload an image of your daily specials or entrées as soon as they come out of your oven. Uploading a photo to your menu is as simple as posting it to your Facebook page. Wow your customers and entice them into your restaurant or store today. The power of an image is incredible!
As a business owner or manager, can you edit and make modifications easily from wherever you are?
Imagine being able to make real-time changes to your menu, manage your staff, and monitor your sales from anywhere in the world. Whether you are at home or on vacation, the newer POS systems allow you to manage all of your operations in one place!
The newer POS systems are now state of the art, replacing the old legacy systems and improving your life as a restaurant or retail owner.
If your current POS system doesn’t have all these easy-to-use features, change and upgrade today!
by Chandra | Jun 10, 2021 | POS Systems, Restaurant Industry News
To Wait or Not to Wait – Why Yes! With our POS Host Wait-list – It’s no longer a question!
Now more than ever your patron’s time is valuable. As a business owner, you should know most popular eateries have decided to shun reservations. This trend is due to persuasive technology, management tools, and customer engagement.
Your host and staff will be more efficient and now they can easily send free text messages to your guest’s mobile phones when their table is ready! Voila, more efficient wait-listing and seat tables faster. This same system notifies servers when someone has been seated. Talk about table turnaround!
Now you are in control and have the ability with the our Host Wait-list management system with integrated text messaging to remove all those bulky, costly, limited-range buzzers. Not only will it keep track of your guests from arrival through their order by managing your wait-list using our directly-integrated system. But it will also add your guests, send text messages to their mobile phone when their table is ready. All you staff does is simply drag and drop guests to their designated table. They can even add previously ordered menu items to new tickets. Contact us to learn more 866-207-3298.
Card Systems Merchant Services
by Kim Dailey | Apr 19, 2021 | Restaurant Industry News
If your food service business (any business where the onsite sale of food or drink comprised 33% or more of gross receipts) suffered losses due to the pandemic, there is a grant you should be looking into.
The Restaurant Revitalization Fund from the SBA is focusing on businesses with 20 or fewer locations, and will give initial preference to businesses owned or controlled by women, veterans, or socially/economically disadvantaged individuals.
The grant is not yet accepting applications, but you can download it now in order to collect all your data and be ready to enter as soon as it opens.
Check out who qualifies, what information will be requested, and sign up to be notified when applications are being accepted at:
https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund#section-header-8
by Kim Dailey | Apr 1, 2021 | News, Restaurant Industry News
We are a state that is the envy of the nation. Homes are selling at record highs while only on the market for mere days. Why? Our businesses are open, and here, in Lee county, we still have the freedom of choice.
We can choose the restaurants and businesses we want to go to based on their business decisions. Some may require masks upon entry, and some, like Sweet Bean Coffee Cafe, may not. It is their choice as business owners.
We can choose to open our businesses or close them and choose our policies. We have the choice to wear one mask, two masks, or none at all.
We are busier than ever and taking precautions to keep our employees, patrons, family, and friends safe. But, we are Americans and entrepreneurs from all walks of life, and, yes, we still have the right to choose.
by Kim Dailey | Feb 5, 2021 | Bank gift cards, Restaurant Industry News
Spread the love to your customers this Valentine’s Day by offering out of the box ideas for those who are not feeling quite ready to venture out yet. Offer a curbside candlelight Valentine’s dinner prepared or unprepared and maybe include a small gift card they can use in the future as a surprise when they unbox their order.
Create a beautiful Valentine’s basket with a gift card and bottle of wine or glasses for those who choose to celebrate later. Maybe a pizza for two and a growler. There are so many fun ideas you can incorporate to make your restaurant even more memorable during these times.
Make an extended holiday this year by offering these specials the on 12th, 13th, and 14th or even the entire week. This will gain more business and allow clients to celebrate without the crowds of previous years.
Get creative and if you need last-minute digital cards or gift card presenters, we have you covered!
