September 6, 2016
Everyone is making money on credit cards; why not the merchant?
It is no secret the banking industry in America has been full press for two decades to put a credit or debit card in every man’s, woman’s, and child’s pocket. Why not? They are making trillions of dollars all on the backs of restaurateurs and retailers. Isn’t it time for you to make money too? Focus POS has helped bar owners and restaurateurs overcome the high risk of charge backs by passing credit card fees through to the card holders. Focus POS simply adds the credit card processing fee to the transaction adding significant savings for the owners. What a terrific feature.
Looking at the numbers, if your overall rate from the processor is 2.5% (fees / volume) and you process $1,000,000 in credit cards a year, the fees are $25,000 per year, coming right out of your pocket. That is a large chunk of cash anyone would want to hold onto for the health of their business. Why shouldn’t you take a piece of the pie? Adding one percent on top of the processor’s fee and your Focus POS will remove the burden of credit card processing from your business and cover any possible charge backs the banks disavowed through the EMV mandates.
Business owners who have had New Mexico POS program their systems for this feature have reported virtually no complaints from customers for the added fee on their checks. All customers paid their check without comment. Electronic funding fees being passed through to the card users are becoming more and more common in establishments. See how Focus POS can increase the health of your restaurant’s bottom line with this wonderful feature.