NEW PAYMENT SOLUTION FOR CASH FRIENDLY RETAIL BUSINESSES
"POS Cash Access"
Let Your Customers Access Cash At The Point Of Sale For Purchases
Generate Fee Revenue When Customers Use Their Debit Cards Instead Of It Costing You 3-5% Of Gross Sales
POS Cash Access upgrades the traditional experience of your customers using an in-store or off-site ATM, to a more secure and convenient experience of discreetly accessing cash at the point of interaction. This solution is best suited for merchants that like the idea of being paid in cash to reduce or eliminate the typical 3%-5% in card acceptance fees, while giving your customers a secure and convenient check-out experience.
For merchants that prefer the benefits of being paid in cash to reduce or eliminate typical card acceptance fees, POS Cash Access empowers your customers to conveniently use their debit card to access cash at the point of interaction. Your customers no longer need to first visit the bank or find the nearest ATM to withdraw cash.
Merchants who want to reduce or eliminate the typical card fees want to give secure and convenient access to cash. However, with an upward increase in retail store robberies and ‘smash & grabs’, security for staff and property are a top concern. POS Cash Access allows more discreet access to cash for your customers at the point of interaction. This results in a more secure in-store environment compared to a traditional, high-trafficked retail lobby ATM.
Similar ‘work-around’ solutions like the ‘Cashless ATM’ are not compliant with card networks and may lack the ability to fight consumer chargebacks which can put businesses into a potentially devastating state of financial liability. POS Cash Access compliantly includes proper consumer disclosures, has the ability to dispense cash, and sends properly coded transactions through the debit networks, making it both compliant and sustainable.
Like the traditional ATMs inside retail stores or lobbies, you can choose to participate in the cash access fee depending on the fee amount that you desire. This can result in a new revenue stream - as opposed to an expensive cost-center for traditional card acceptance. You can choose to have your customers pay a cash access fee, or you can choose to absorb the fee yourself – it’s up to you.
Here’s just a few of the types of businesses who can benefit from POS Cash Access: