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
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REVONU 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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Today’s Top Point of Sale News – Keeping Your Restaurant Busy!
According to an article by @emmiemartin, 90% of Americans don’t cook – and it’s costing them thousands each year:
Here are some tips for capturing a share of that dining out cash in your restaurant:
Improve your digital presence
Both on social media and your website. Are you using Instagram? Take pictures of your food and post it on Instagram routinely, use hashtags to describe and elaborate on your food, connect your Instagram account to the restaurants Facebook page and Twitter, one post on Instagram and you’ve also posted on Facebook and Twitter. Do this routinely, even think about taking photos of your food on a day off, lots of items and have them in your photos to post on off days, be consistent.
Customer loyalty
Everyone likes FREE food!, so let Revonu help you create a loyalty program and keeps your customers coming back for the good food and say thanks with FREE food!
Re-think your menu items
Let’s look at your menu, do you have items that are not selling? Maybe Mom’s stuffed cabbage is just not selling? Make it at home and let’s get it off the menu, Mom will understand. Keep the items that sell the best and make them GREAT! Add new items one at a time and test them first as specials.
Offer Online Ordering
One of the fastest ways to increase revenue is to offer customers another way to order from your restaurant. Let customers place their order online, select all of the items and have that order print right to your kitchen printer – no need to have someone on the phone making mistakes! REVONU POS users receive online ordering as part of their suite of POS features.
Manage staff more effectively
With Revonu your staff can login and log out on the system, helping you manage their time. Need a night off? Login to your Revonu back-office from home and see who is working the night shift and how sales are going from your couch!
Let’s work together to keep your restaurant busy and cash in on those folks who just don’t like to cook at home! We can help!
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FREE Stuff!
What’s better then FREE – not much! Check out what’s free and let us help you grow your business!
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