Big bottles, thin margins, and most customers pay by card. With a cash discount every tag shows a cash price and a card price 3.75% higher, so the card fee comes out of the card price, not your margin.
Card pays $41.49, $1.50 more. That difference pays the card fees, so you keep the full $39.99 either way.
Today, card fees take about
$1,035
a month, or $12,420 a year.
With a cash discount, card customers pay the posted card price, 3.75% above cash. That difference pays the card processing, so a card sale leaves you the same as a cash sale. Every rate is in your agreement before you sign, and Paymantis pays your monthly service fee.
Where the money comes from: card customers pay the card price on the tag, 3.75% above the cash price. On $35,000 of card sales at your cash prices, that adds up to about $1,313, which pays the processing cost. This is an example using the published rate you picked, not a quote. Your result depends on your card volume, card mix, how many customers switch to cash, and the program’s final pricing.
Countertop with customer screen
A busy counter, where showing the cash price at the moment of payment nudges more customers to cash.
Countertop
A store with one register that wants the least to learn.
PIN pad
A store that already scans inventory on a register and only needs the payment device.
Your tags show both prices, cash and card. We show you how to set that up on your labels or your register. Signs go up at the door and the counter. At checkout the terminal asks card or cash and charges the posted price for how they pay.
At Square’s published 2.6% + 15¢, about $1.71 every time. With a cash discount, the card price on the tag is 3.75% higher and pays that cost, and the cash customer pays the cash price.
Yes. If you scan inventory on a register, keep it and add the VL300 PIN pad for card payments. If you don’t scan, a countertop terminal like the VL100 Pro is all you need.
No. Keep checking IDs the way you do now. None of these terminals scan driver’s licenses.
The VP100 countertop takes EBT. EBT shoppers pay the cash price, the same as cash customers, which SNAP rules require. Your store needs its own SNAP authorization, and alcohol can’t be bought with SNAP.
A sign at the door and at the register explaining the two prices on every tag. We send them, worded for your state. Pricing rules vary by state and city, so check yours before you start.
Two minutes, no Social Security number, no bank details. We look at your shop and call you back with the real numbers.