Cash Discounting enables merchants to offer a discount to customers who choose to pay with cash instead of using credit or debit cards. This feature automatically adjusts prices at the point of sale to reflect the cash discount, making the process seamless and transparent for both merchants and customers. Integrated with Piggy Bank POS, it ensures accurate accounting and reporting of discounted transactions.
The Cash Discounting feature of Piggy Bank POS allows merchants to incentivize customers to pay with cash by offering a discount, effectively helping businesses save on credit card processing fees. This feature is a powerful tool for enhancing profitability and simplifying transaction processes.
Key Highlights
Automated Cash Discount Application: Automatically applies cash discounts at the point of sale.
Transparent Pricing: Clearly displays discounted prices to customers paying with cash
Seamless integration: Fully inntegrates with any top payment processor.
Accurate Reporting: Detailed reports on cash discount transactions for better financial management.
Benefits
- Increased Efficiency: Streamlines transactions by automating the discount process, reducing manual effort.
- Cost Savings: Significantly lowers credit card processing fees, increasing overall profitability.
- Improved Customer Experience: Provides clear incentives for customers to pay with cash, making the pricing strategy transparent and appealing.
Use Cases
- Retail Stores: A retail store offers a 4% discount on purchases paid with cash, leading to reduced card processing fees and increased cash flow.
- Restaurants: A local diner encourages customers to pay with cash by offering a discount on their total bill, enhancing customer satisfaction and lowering operational costs.
Implementing the Cash Discounting feature with Piggy Bank POS has significantly increased our cash transactions, saving us hundreds in card processing fees every month.
Tommy Sullivan
Owner of Tommy’s Dinner
Customer Reviews:
“Cash Discounting has been a game-changer for our business. Not only have we saved on fees, but our customers appreciate the savings.”
Ready to reduce your processing fees and boost your profitability? Get Started with Cash Discounting on Piggy Bank POS today!