Ben's Car Wash said:
And if the timer ran out after only $2 was inserted then another $2 was inserted, wouldn't that reduce the cash sales?
It reduces the average spent per cycle, but it doesn't reduce the overall cash sales.
Ben's Car Wash said:
How often does that happen? Less than 10%? I think the impact is minimal and does little to skew the results...
Without knowing for sure, why would you even post such a statistic? I know that I see a lot of people let the timer expire and restart it, usually on purpose but sometimes they can't get more cash out in time. Here are some numbers:
Let's say you average $3 per customer cash, $6 per customer for CC (200% more spent via CC over cash). Let's go with 1,000 customers, 20% of which are CC. That's 800 at $3 each paying cash. Now let's "skew" it your 10% and have 720 customers instead of cycles. That's $3.33 per customer, and you're already down to 180% more spent by CC customers than cash. That's not "little difference."
Please do your count, and kindly add a disclaimer that your 200% more spent via CC counts only timer cycles and not actual customers. Your information is incredibly misleading without it, and if a sales rep had reported such numbers to get me to buy a
credit card system I'd have sued him over it.