Ever wonder who is paying for all those miles you earn on your credit cards? The surprising answer, is merchants like you!
Last Call was opened by Gregory Daniels as a ghost kitchen concept with food delivery only. Because of their extended hours, they quickly grew and became popular for the late-night crowd, with a variety of wings, sandwiches, and more. They opened a physical restaurant on Fireweed Lane so their fan base could have a place to enjoy their delicious food.
There are all sorts of credit card gimmicks these days. Are they legit? Do they save your business money? How hard is compliance?
Offering your customers a discount for paying with cash or check is nothing new.
Neither is adjusting how much a customer pays if they use a payment type that results in higher processing costs for the business owner. While these concepts have been around for quite some time, they have recently been brought back into the spotlight, especially for businesses hard hit during COVID.
Today, we are here to talk about one of the easiest ways to save money on your credit card fees - through the Non-Cash Adjustment (NCA) Program:
With a Non-Cash Adjustment, your list prices have a built-in cash discount incentive. Customers who pay with credit and signature debit cards do not receive the discount and will see a Non-Cash Adjustment on their receipt.
On average, businesses can save $9,500 a year simply by sharing their processing costs with their customers.
But make sure use a trusted partner when implementing this programs - you want to make sure you are staying compliant with the program!