Do you run a Restaurant, Bar, or Night Club and do not offer Debit as option to pay?
Well you may want to re-think you decision to do that.
Having a short range Point of Sale Terminal with a one step tipping feature can really benefit the bottom line in your business.
I believe the stats are that over 60% of all Canadians pay by their debit cards. The first point is you should allow your customers to pay by the method they most prefer.
Besides listening to the stats, there are other reasons having a 'at the table' or 'mobile' Point of Sale Terminal that offers debit is:
- Turn Tables Faster
- No pre-authorizations at the end of the night
- Lower transactions costs for debit vs credit (just taking 10-20% off your credit card costs can save you 1000's of dollars every year.)
- Smart Chip credit cards require at the table terminals
- Happier customers, because they keep their cards in their hand
- Can offer cash back (certified cash back = proper cash back records for accounting/tax preparation
I know many restaurants, bars, and night clubs have only offered cash or credit cards as a method of payment for many many many years, but owners of these establishments might want to rethink that decision.
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1 comment:
oftentimes, you can process debit cards the same way you process credit cards, so technically, the customer CAN use their debit cards. but, you're going to lose all the debit benefits; like offering cash back and lower per-transaction fees. it's definitely a decision that should be well thought-out. this blog makes some good points.
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