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.
Finding ways to save money in your business can be a real challenge.
One of the methods Skurla’s has in it’s toolbox is surcharging or non-cash adjustment (NCA for short). It is a simple way of passing on (or sharing) the costs of credit card processing to customers who don’t want to pay cash. Our point of sale system can automatically add a fee of up to 3.99% to all card based transactions. The end result is that a majority of your credit card fees are eliminated or drastically reduced.
Well then, you ask, how much can surcharging/NCA save me?
The answer: Take your current monthly credit card fees - multiply that by 12. That’s your yearly savings! 🤣
But seriously, while NCA can’t always remove ALL of your fees, it can reduce the majority of them. Even more if you are a business that doesn’t take tips. Couple that with a free or heavily subsidized, feature rich POS, and you may just be laughing all the way to bank.
Heartland Restaurant recently shared this article with us, and we thought it would be helpful to share with you too:
During the pandemic, it is now common to see convenience fees in many industries and businesses - for grocery delivery and pickup, restaurant delivery and pickup, to help cover increased overhead costs for sanitizing and other regulation.
The other "convenience fee" that is becoming more mainstream is a fee for the convenience of using a credit card. In technical terms, it is called surcharging, but many business owners think of it as a fee passed on to the customer for the convenience of using a credit card vs paying in cash. Typical fees charged are 3.99%. On a $10 sale that translates to roughly .40 cents per transaction.
While this seems like a relatively small amount, for a business when you add that up over all your credit card transactions, now we are talking some real money. For a customer with $50,000 in monthly credit card sales, this translates into ~ $2,000 savings in credit card fees per month or $24,000 per year! Now that gets a person's attention.
Did you know that cash discounting and surcharging programs for credit card fees is legal in most states. We have seen an uptick in the use of these methods to offset credit card fees in some locations locally, but isn't common in most businesses - yet. So, we decided it was time to learn more: