Retail & Liquor Store POS News

New Year's Resolution - Stop Paying For Customers' Vacations

Jan 3, 2022 10:42:00 AM / by Lynn Skurla Perkins

Bahamas sign with beach background

Ever wonder who is paying for all those miles you earn on your credit cards?  The surprising answer, is merchants like you!

Bank card issuers charge a higher interchange rate for all the loyalty cards.  According to TSYS' website - "Interchange, the fees paid to card networks and issuing banks, has risen over time, fueled in part by a need to finance the proliferation of generous rewards programs". 

All of this means you, as a merchant, are helping to fund your customers' vacations and other rewards benefits.

With rising labor costs and inflation, our merchants are looking for ways to save costs in their businesses - and many are moving to credit card programs, such as NCA (Non-Cash Adjustment) - which means no more credit card fees for your business!

Our customers that have moved to this program are delighted!  They said they like to think of it as a convenience fee for not paying with cash - and a reward for those customers who do like to pay with cash.  Someone even pointed out how expensive paying with cash can be - if a person uses and ATM machine to get cash and withdraws $60 - typical ATM fees are $3.00 - that is a 5% fee they have to pay!

And of course - we Alaskans love our mileage rewards cards - so paying 80 cents for the convenience of using a loyalty credit card to buy a beer and a slice of pizza seems like a small price to pay for our tropical vacations!

If you have any questions on this credit card program, or other credit card options, call us at 907-243-2683.

Ask Us How You Can Eliminate Your Credit Card Fees!

And start dreaming about what you are going to do with all that extra money in your bank account each month!

Tags: EdgeServ POS, Non-Cash Adjustment, NCA, Eliminate Credit Card Fees, Local Credit Card Company, Local Business, Buy Alaskan

Lynn Skurla Perkins

Written by Lynn Skurla Perkins

Lynn grew up in the point of sale and cash register industry working in the family business – and is now at the helm of Skurla's POS Solutions. She enjoys working with local Alaskan businesses, especially restaurants, grocery stores, and retail operations - helping them control costs and increase revenues through well managed point of sale solutions. Besides running the company, Lynn has also served on the Board of Directors, and as Chairman of the Board, for the Retail Solutions Provider Association. In her spare time, she loves cooking, camping and volunteering with organizations that are passionate about helping children.

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