Finally installing credit card acceptance in s.s. bays, and having trouble with some pricing aspects. For example, if I were to charge $4.00/4 minutes cash, can I charge $5.00/4 minutes credit card, which effectively changes the pulse rate per quarter thus charges more per minute for credit card. And if this scenario is not acceptable, can I do the same pricing with signage indicating cash price includes a cash discount. To the credit card sales would be added the sales tax as well. And apparently with Cryptopay the pulse rate/quarter must be the same in countdown mode but can be different in count-up mode. I am aware of the call/complaint issues with the count-up mode with failure to push the stop button. I am not sure if the advantage of count-up mode with the different price/quarter pricing allowance, and possibly more income, offsets the nuisance of calls from failure to use the stop button. The countdown seems quite simple by comparison. I welcome your ideas on this issue. Thank you.
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Credit card pricing
- Thread starter jaykay
- Start date
cbchevy4x4
Well-known member
Keep your rate the same, you WILL make more money with credit cards already. I called cryptopay about this years ago as i felt that i should be recouping the CC processing fees by charging more per the same amount of time. After discussion with them and other operators i elected to keep the rate the same. Looking back now years later it costs more to collect coins, bag coins, and go to the bank than the fee charged for processing.
Respectfully disagree. People dont care when they spend on their CC. Let alone about one dollar. It's not like spending cash. Im guilty of this myself. Every gas station has a cash and a credit price for gas and their ticket amounts are way higher than a car wash. Liqour stores around me usually have a $5 minimum for CC. Just the other day I walked in one to buy a lighter and the guy pointed at a minimum CC sign. I didn't walk out I bought a pack of cigarettes too. In the self serve business hardly anyone just spends the start up charge. The ones that do and worried about $1 extra are using cash. They're also the ones likely to be just blowing out the back of their truck bed and leaving a mess. If a customer pulls in with a CC only and leaves because of a $1 up charge you probably dont want them anyway. It's also a very very rare scenario. This is 2025 who honestly will leave a business and never go back because of a $1 CC up charge. A Big Mac meal has risen 141% in the last 5 years. Anyone seeing mcdonalds closing around them due to price?
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cbchevy4x4
Well-known member
Instead of up charging on the time per quarter simply raise your minimum credit card purchase but keep the rate the same. Im $3 to start but have a $6 card minimum. If you play the numbers right and how long the average person takes to just hose off and give them a couple extra minutes they will be enticed to go ahead and grab the FB to use that time up, but where you make the most is now that soap is on the car, now they spend more time/$$$ to rinse. My average per car in cash is $5, card is over $10.
Waxman
Super Moderator
The reason I think it works out to have the same price whether cash or credit is that people with a credit card almost always spend more money and not just the minimum. I use count up and see many charges well above the minimum which for me is five dollars, cash or credit. With count up they seem to relax more when they're washing and they don't race around the vehicle. They do a good Thorough job on the vehicle.
I should have mention this is what I do. Im 2.50 cash but 3.50 CC. Get more time with CC and keep the same rate.
With a five dollar minimum like you have I can see why it doesn't matter to charge different for CC. Unfortunately in my area $5 is way too high. Thats why I charge the extra dollar minimum on cc to gain as much left overs as I can from the people just using a cc for the minimum amount.
