Cash Discount (Tier 1 in the Clover & Poynt APP Market)
Offset the cost of credit card processing fees by offering customers an incentive to pay by cash. Lower the cost of doing business. Provide Incentives to customers to spend more at your store.
Log in and set up the discount rate you would like to offer. Easy dashboard to see you monthly savings of orders processed. Customers will see their savings at the point of sale and on their receipt.
Get you Free CASH DISCOUNT sticker sent to your store ! Cash Discount FAQ A cash discount is an incentive offered by the merchant to potential clients who pay with cash. Merchants must comply with various regulation when offering Cash Discount.
SAMPLE AS SEEN ON CLOVER DEVICE
Drive more traffic into your store; Put the sign up "Cash Discount Offered" and see more traffic coming in. Customers love discounts, even if they don't have cash they'll come in to see your products. Most will pay with cash and if their is a balance they will pay with credit cards. At the end of the day you will drive more customers to shop and actually increase sales.
Recover the majority of your processing fees
No waiting for deposit, the money is in your hands now!
Lower the cost of doing business.
Provide Incentives to customers to spend more at your store.
Customers will see their savings at the point of sale and on their receipt.
Free samples of signage for your store to help you to increase your savings.
Simple and easy app to use that will affect your bottom line.
Cash Discount (Tier 2 In the Clover and Poynt App Market)
Finally, a tool to reduce your cost and truly affect your bottom line. Cash Discount offers the small business owner a way to recuperate much of the cost associated with accepting payment through various payment types which cost the business owner additional money to exchange, process, deposit, redeem. With the Cash Discount app a small business can place a service charge on every item sold if the item is purchased by all tenders. Example: a customer purchases several items valued at $10. The items sold will be charged a Service Charge (SC) of 4. % of the sale. Thereby making the final sale amount $10.40. If the customer payment method is by cash, check, prepaid cards, debit card, credit cards or any other form of payment the final sale will be $10.40. However, if the payment type is by cash the SCwill be reduced and the final amount due from the customer will be $10.00.
The Cash Discount app complies with requirements for offering a cash discount. thereby allowing merchants in regulated states to offer a cash discount without legal complications.
The app allows the merchant to set a Service Charge for all denominations of payment. (Checks, prepaid cards, debit cards,Visa, MasterCard, Discover, American Express, Dinners, JBT, Cash)
When the customer pays with cash the receipt will show the Service Charge amount charged by merchant for all denominations as a Service Charge minus the Service Charge amount discounted for payment with cash. .
Transaction Paid with Cash on Clover
Transaction Paid with other denominations on Clover
Poynt Receipt Samples
Cash Discounting has been used for the past 15 years in gas stations who offer a discount at the pump for cash payments. Merchants are looking for ways to save. By offering the cash discount tool merchants can cover their processing fees and generate additional sales, reduce expenses resulting in substantial savings.
Compatible Merchant Plans
Clover Register Lite
Poynt App Market
Need a Clover or Poynt App Built? Our Developers have the experience in building Clover and Poynt apps and all the related task in getting the app submitted to Poynt and Clover
Adhering to Poynt and Clover App requirements
Development equipment needed for testing
Working with Clover development
App Submission and placement on Clover and Poynt App Market
Integrating the app into Poynt and all Clover devices ( Mini, Flex, Mobile, Station)
Web Control panel for merchant remote management