Cash Discount Program for Micros
Cash Discount program for Micros POS
When it comes to the restaurant industry, it comes down to a lot of factors to run a successful business. If you’re looking for an innovative way to boost profits and improve efficiency in your establishment, the Cash discount program for Micros POS systems is a simple solution that becomes more popular day by day among fellow restaurant operators. Keep transactions moving quickly while saving money for you and your customers in the process.
What is Cash Discount program for Micros?
The Cash Discount Program for Micros POS systems is a payment processing program that helps businesses mitigate credit card processing fees by incentivizing customers to pay with cash.
The cash discount for Micros works by increasing prices for all customers and offering a discount to those who pay with cash, all while still accepting payments by card. This is a transparent way to encourage customers to use cash if they have it, so you can reduce expenses that are associated with credit card processing. The integrated Cash Discount program is specifically designed to work with your Micros 3700 or Micros Simphony POS system, providing a seamless experience for everyone.
How does Cash Discount program work on Micros POS systems?
By integrating this program into your Micros POS system, you can provide your customers with a seamless payment experience while reducing your payment processing costs. The Cash Discount Program for Micros 3700 works by implementing a small fee for non-cash transactions. If a customer decides to pay with cash, the total will reflect a deduction. Although it’s a simple addition to the payment process, the effects can be significant when you consider how much your credit card fees add up each month.
What are the benefits of integrating Cash Discount program to Micros?
Using the integrated Cash Discount program for Micros 3700 or Simphony POS systems comes with an array of benefits, including:
- Reduced business expenses: The restaurant industry involves enough overhead as it is, so anything that can reduce expenses, even in small increments, is always welcome. When it comes to the Cash Discount program, it is a significant reduction in payment processing costs. Businesses can enjoy improved profit margins and allocate those savings toward other growth initiatives and operational costs.
- Increased revenue: The Cash Discount program encourages customers to pay with cash, which helps reduce your risk of chargebacks and losing revenue that you thought was already earned. It’s also beneficial to increase cash flow whenever possible, which is easy when you use an integrated Cash Discount program for your Micros system.
- Improve customer relationships: Offering a cash discount indicates a certain level of transparency with your customers. You acknowledge that your pricing is dependent on your operating costs, and not simply draw from thin air. When you’re fair and transparent with your customers, they’re more likely to return and tell their friends and family about their positive experience.
- Competitive advantage: In an industry with such fierce competition, restaurants need to offer unique and attractive payment options to keep customers coming back. It’s important to set yourself apart from the rest, which is easy with a Cash Discount program for Micros POS systems
Is it easy to set up and use Cash Discount program on Micros POS systems?
Setting up the Cash Discount program on Micros POS systems is a simple and straightforward process. However, if you have any questions, we provide customers with comprehensive guides and live support to help you through the setup process.
Once the setup is complete, you’ll be able to seamlessly use the Cash Discount program within your existing Micros POS system. Your staff will be relieved to discover how easy it is to use, requiring very little training, and further enhancing the efficiency of your establishment.
The only thing to keep in mind is that depending on the Micros POS model you currently use—you might need to install compatible software before setting up the Cash Discount Program for Micros. This is something that we will help identify and walk you through.
How does the Billing work for Cash Discount program?
All Cash Discount accounts are set up for daily billing. A small non-cash ‘service fee’ will be added to each check. For example, if the subtotal plus tax is $100 and the additional service fee is $3.99, you will receive $100 deposit into your bank account the next day. We will keep the $3.99 and pay credit card fees from that amount. If your daily sales are $3000, and your ‘service fees’ are $99, you will receive a deposit of $3000 and we will keep $99.
Conclusion
The competitive landscape of the hospitality industry makes it crucial for restaurant owners and managers to research and find new innovative ways to drive better business results and reduce risk and loss wherever possible. By integrating new technologies with your existing POS systems, you can keep up with the competition and provide an experience that keeps people coming back.
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