One thing on every business owners mind is growth.
Growing your business can be expensive. We know it was for us. Expanding locations, payroll, stock, and a million other unforeseen expenses. One thing that isn’t going to change is that credit processing is the way of the future.
Cash only businesses are missing out on a ton of revenue yearly. Many people don’t carry a lot of cash on them anymore. Younger shoppers in particular, often carry little to no cash. You risk losing a sale entirely if you don’t accept any debit cards, even for “just a cup of coffee.”
Accepting cash means making change, and having cash on hand can be a security risk. Another major problem with cash businesses can be reporting income to the IRS. A cash business that reports a loss for many years can fall under IRS audit scrutiny.
Turnkey Cash Discount Program -
We at Turnkey have a program that rewards your customers for paying cash. Plans can be run on a 3%, 4% or even 5% basis where your business has a higher posted price for credit, and reward customers with a discount of the percentage chosen. It helps build a rapport with customers who are used to paying cash, and helps you say money on processing fees while still being able to accept cards.
Contact us today to find out if Cash Discount is right for you. We have many other programs that can be suitable for new to credit businesses.
