Super high merchant rate: Cryptopay on vacs and vending

[slash007]

I would imagine they mean cash is for example $3 for 5 min and cc is $3.25 for 5 min.

 

[Robert2181]

Could you elaborate on adding 25¢ but give the same time as cash? Is it a 25¢ higher start but same time per coin? How are you doing this?

$2.50 cash to start up for 4 minutes. $3.00 CC t start up for 4 minutes. time per is the same.

 

[OurTown]

We would like to encourage more cc use and not discourage it by making the cc price more.

 

[Main Street Carwash]

How are you programming the same time per coin, yet charging a higher start price for the same amount of time? Is there programming capability in the Dixmors for this?

 

[MEP001]

How are you programming the same time per coin, yet charging a higher start price for the same amount of time? Is there programming capability in the Dixmors for this?

With the Hamilton D.A.N. and the DTI used as a timer, you can program start-up price and amount separately from additional time per coin or per CC increment. For example I can do $2.00 for 4 minutes to start cash and $2.50 for 4 minutes CC, then 30 seconds per coin cash and 1 minute per $.50 CC. So the time per coin after startup is the same, but the extra quarter and the higher per-unit price really absorbs the fees. IIRC you can do the same thing in the Cryptopay setup as long as you're count-up.

 

[Earl Weiss]

CC fees are insane, but worth it.

Wash operators who consider CC Fees insane should be thankful they are not a gasoline retailer. I'll use round numbers gas is a little cheaper than this now but sometimes it's higher. All in CC cost is about 3.5%. On a gallon of gas gross margin my be 40 cents. So if a gallon of gas is $3.00 , the 10 cents or 1/4 of your gross margin goes to the Credit Card company. If ever there was an argument for ll CC fees to be paid by users, this is one of them.

 

[Main Street Carwash]

I would imagine that gasoline has a much higher percentage of cc sales vs cash as well.

 

[Earl Weiss]

I would imagine that gasoline has a much higher percentage of cc sales vs cash as well.

It's all about demographics although I have seen a steady rise. I have a friend in the suburbs who had an SS / IBA now leveled and an EE whose CC usage percentage was higher than my gasoline CC Usage in the city.

 

[cap732000]

I concur slash, that is my understanding as well.

 

[OurTown]

I just checked our Worldpay statements from October, November, December and January. The all in fees were 5.7%, 6.2%, 5.9%, and 6%. The average tickets for each month were $6.63, $6.24, $6.42, $6.13.