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SpotOn POS Cash Discounting
SpotOn’s cash discounting program helps restaurants offset credit card processing fees by encouraging cash payments—keeping more revenue in your pocket while providing guests with flexible payment options. Cash discounting users qualify for no cost SpotOn POS hardware with Advanced Hospitality.
Cash Discounting Reduces Fees
SpotOn’s cash discounting program empowers restaurants to eliminate costly credit card processing fee.. Instead of absorbing transaction fees, you pass the cost of processing to card-paying customers—while offering a discount to those who pay with cash. This simple shift helps you retain more of your revenue, reduce overhead, and reinvest in what matters most: your food, your staff, and your guest experience.
Reduce Processing Fees
SpotOn POS cash discounting can reduce credit card processing fees dramatically for restaurants and effectively save your business’ bottom line.
Become Transparent
Cash discount is the most transparent way of passing on the cost of credit card processing. Provide guests with clear and easily understood cash and credit pricing.
Remain Compliant
In the world of PCI and credit card processing regulation, cash discounting remains the easiest and most compliant form of passing on the cost of processing.
Bring Back Revenue
By passing a small service fee to customers who pay with cards and rewarding those who pay with cash, you reduce processing costs and reclaim revenue that would otherwise go to credit card fees.
Improved Profits
SpotOn POS users that implement cash discounting reduce annual credit card processing fees and boost their bottom line.
Automated Process
Don’t worry about reconciling cash discount reports on your statement. SpotOn POS will automate it for you.
Flexible Experience
Provide guests with the option to pay with their credit card or opt into a discount by choosing to pay with cash.
More Cash On Hand
SpotOn POS cash discounting incentivizes customers to pay with cash, resulting in more cash transactions for your business.
get spoton pos with cash discounting
Qualify to Get SpotOn with No Hardware Cost
Switch to SpotOn Restaurant POS with Advanced Hospitality Systems and qualify for no-cost hardware. Receive terminals, printers, cash drawers, and network equipment at no upfront cost to your business. Are you ready to get the industry’s top rated cloud point-of-sale system? Let’s get started.
Frequently Asked Questions
What is cash discounting?
Cash discounting is a pricing method where customers who pay with cash receive a discount, while card-paying customers cover the cost of processing fees through a small service charge. This helps businesses keep more of their revenue without raising prices across the board.
Is there a set credit card processing rate for SpotOn POS cash discount?
Yes, there is a standard 3.84% credit card processing rate for SpotOn POS cash discount users. This is the standard rate in order to accommodate for credit card reward programs.
How is cash discounting better than surcharing?
Cash discounting rewards cash-paying customers with a lower price, while surcharging adds a fee to card payments. Cash discounting is legal in all states, easier to implement, and feels more positive to guests.
Does SpotOn POS have the ability to perform surcharging?
No. SpotOn implements cash discounting, not credit card surcharging.
How is cash discounting implementing at my restaurant with SpotOn POS?
Cash discounting users are suggested to implement a 3.85% or rounded hike to their menu item prices. Advanced Hospitality programmers will assist with creating your menu items to have a ‘credit’ and ‘cash’ price. Our company can provide you with a credit to print new menus or create scannable QR Codes for guests to access your menu.
What are the other benefits of cash discounting?
SpotOn POS users that implement cash discounting with Advanced Hospitality Systems receive their new hardware at no cost. Contact us now to learn more.