Everyone loves a savings, especially with end-of-season sale events scheduled at key times of the year to clear out seasonal inventory and make way for new merchandise. With the recent disruption of the supply chain for many, coupled with inflation and the rise in processing fees, some merchants are seeing their sales margins decrease and many are looking for other ways to incentivize loyal customers than just with reduced prices on their inventory. Better yet, a growing number of consumers, tired of paying higher interest rates on unpaid balances are looking for ways to make their dollar stretch farther at the cash register.
Implementing a Cash Discount solution like the one that eProcessingNetwork offers, is a great way to reward loyal in-store customers. Offered as an add-on feature for both ePNJPOS and ePNMobile, ePN merchants can offer a discounted percentage or dollar amount of the purchase price to customers paying with cash, check, or PIN debit. ePN’s cash discount solution is processor-agnostic, compliant, and is legal in all 50 states. By incentivizing customers to pay with cash, merchant processing fees are greatly reduced, if not covered entirely. And since it’s easy to integrate with ePN’s cloud-based solutions, merchants find it simple to increase the rate of their inventory, giving them the perfect solution for any end-of-season or holiday sale.