Paper vs Plastic: The advantages of paying cash in the Modern Age
It’s no secret, people love paying with credit cards. A recent survey showed that the public favored cards over cash 3:1. It’s convenient, easy and saves pennies jingling in your pockets. Naturally, the acceptance of cards at a retail establishment is great for the consumer, but also means dealing with processing fees, the price of doing business in the modern age. Are you ready to say goodbye to unnecessary credit card fees? Here’s how a Cash Discount Program can help you.
Many smaller businesses are now opting for the “cash discount program” option. The seller offers a discount to those customers paying cash over card, an incentive that can prove very fruitful. The main bonus is that it can reduce credit card processing fees tenfold. If you don’t process the card, you don’t have to pay for the service. It is easier to explain to the customer and is perfectly legal when adhered to correctly.
Of course, the main battle you will always come across in implementing such a program is that for the most part, people don’t carry cash anymore, in a CNBC study in 2017, it was reported that 75% of Americans carry $50 dollars or less on them at any given time, With millennials at the forefront of the plastic revolution. However, with the recent boom in Farmers Markets, Artisanal goods and a return to supporting home grown, local businesses, a correctly marketed cash discount program could see your business transactions grow exponentially.
As with every move when running your own business, make sure that the program will work for you and the product you are selling. A cash discount program may not be for you. If you think it might be the perfect fit for and your business, It can save you thousands of dollars in processing fees.
For more information, head over to www.Cocard.info
Read MoreRead MoreREVONU POS and Holy Cross Monastery: a Match Made in Heaven!
Brother Will working in the shop with REVONU POS
While COCARD’s REVONU POS is already well known for powering payments at restaurants, salons, and retail establishments, it also helps Holy Cross Monastery manage their gift shop inventory, payments and book sales.
Read what Holy Cross Monastery’s Brother Scott has to say about REVONU POS and COCARD.
COCARD: First, what is your primary use for REVONU POS?
Brother Scott: Our system is in the gift shop where we sell a mixture of books, religious gifts, candy bars and snacks.
COCARD: What made your monastery choose REVONU POS for your payment processing?
Brother Scott: We have been working with COCARD for a while, primarily because the previous POS system we were using had recommended COCARD as a merchant services provider. Also, when EMV came about we were looking at how to accommodate that. We had the option to stay with a previous system or change to what COCARD was recommending. COCARD’s support had always been quite good so we felt confident in going with their recommendation, which was REVONU POS.
COCARD: How has REVONU POS improved the operation of your business?
Brother Scott: The previous software we used had been minimally updated since the 90’s. So, now that we have been able to use the newer technology, particularly the cloud based software to access the back office from anywhere, our store has been running a lot smoother.
COCARD: So you would say that REVONU POS has made your business run easier and more efficiently?
Brother Scott: Yes! Especially because COCARD’s customer service has been so reliable and has made converting to REVONU POS a smooth process.
COCARD: What is your favorite aspect of REVONU POS?
Brother Scott: Again, the newer technology and back office cloud integration is great! Also the staff in the store really like the ease of the touch- screen functions on the terminal.
If you think that your business could benefit from adopting a REVONU point of sale terminal, like Holy Cross Monastery does, call COCARD today at 1(800)317- 1819!
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Streamline Your Restaurant or Retail Operations With POS
Point of Sale technology enables businesses to improve efficiency, productivity and transparency by tracking sales, cash flow, food/ingredients and inventory as well as simplifying bookkeeping.
POS solutions make it easier, especially during peak hours, for the tracking of high volumes of cash, credit card sales and inventory. A good point of sale system cuts down on theft within a restaurant because each server is accountable for their sales both cash and credit card.
Here are more POS functions that could help you run your business:
- Point of sale systems streamline operations and keep communication lines clear between wait staff and the kitchen. An order is keyed into the POS and printed in the kitchen.
- POS systems store more information than the traditional cash register making the information accessible to the business owner at any given time.
- Business owners can keep track of everything from food/ingredient usage to tracking the most popular menu items.
- Checking out customers is easier for retail business owners because of barcode scanning.
- Business owners can access inventory in real time, retrieving exact figures on products or items sold; tracking the movement of ingredients or items effortlessly.
- Because staff must log into the POS system to begin their shift the POS system also acts as a time clock and becomes the source of reference when preparing payroll.
- Saving time and money in bookkeeping, most POS systems have the capacity to organize and create profit and loss statements as well as sales tax statements.
POS systems consolidate the whole of your restaurant or retail business with different features to help keep your business streamlined, efficient and transparent. Whether you own a restaurant or a retail store we have a point of sale solution for your business. Android, Windows, iPad, wireless, mobile and pay at the table, solutions, let’s talk about how a point of sale can help you manage your business.
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5 Organizational Apps To Make Your Days That Much More Effective
Apps these days are a dime a dozen, so we wanted to assemble some of our favorite apps for organization. From file storage to organizing trip details to content management, these apps have the power to make your work life that much easier, and more effective.
- Evernote
Take notes in meetings, and attach documents, articles, and presentations to these notes. You can also record meetings as a part of the note so that you can stay focused on what a client is saying, or doing your best in a presentation. Evernote is available on Android and iOS, and also has a desktop version to sync to a tablet.
- Dropbox
Dropbox is great for file storage, especially files that are too large to attach to an email. Keep both business and personal information in your Dropbox account. The great thing about this app is that it offers a free 30-day trial for a relatively inexpensive cost of $12.50 per month. It also has a snazzy camera upload feature where your pictures automatically upload to your account.
- TripIt
Keep your flight confirmations, restaurant reservations, and hotel information in this app. For many business owners, travel is a given whether for business or in your personal life. Keep photos and information about cherished destinations—where to dine again, for example, or an article about a particular workspace. The premium version also gives access to frequent flyer miles.
- HabitList
If you are a person who wakes up at 5am, you likely understand the benefit of forming good habits. And HabitList is one way to form even more habits. It allows you to proactively decide which things in your life you’d like to be more consistent so that they, in fact, become habits. Do you want to schedule small meals throughout the day? Or do your most difficult tasks first? HabitList tracks progress and offers positive reinforcement along the way to make forming habits more achievable.
- CoSchedule
This app is available via desktop, not smartphone or tablet yet. However, it is excellent with content management. Schedule your blog posts and other social media posts through this program which offers more organization. CoSchedule also integrates seamlessly with Google Docs and Evernote.
These apps will make your work life more efficient. And of course, chances are you already have a great organizational app that you already use that isn’t on this list. Don’t hesitate to try something new to make the most out of each day.
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