Can Your Retail Business Survive the Coming Credit Crunch?
it in the shorts. Sounds like the perfect plan for everyone…except us. Maybe it’s time we get sad and cranky. You think?
Well there is an answer; it’s time to let the customer help pay for the convenience of using ATM/bank cards. This can be accomplished with an inexpensive cashless or scrip ATM machine. Many large nationwide companies are already doing this. The new generation of these machines are the same size as your credit card machine, do not need a dedicated phone line and make a transaction fee for the merchant on every transaction. Yes, you heard me right, after all these years you can actually make a bigger profit on a card sale than a cash sale.
In Canada, Atm/debit card transactions have recently exceeded cash and credit cards for retail purchases. This will soon be the case here in the good old USA. There are more than 300
