Credit card pricing

[Earl Weiss]

Did you have count down before? I’ve had countdown for 12 years. I want to switch to count up but my customers are definitely gonna struggle.

Before Credit Card Install it was count down. Credit card with count up is well worth it.

 

[Earl Weiss]

Did you have count down before? I’ve had countdown for 12 years. I want to switch to count up but my customers are definitely gonna struggle.

Installed Cryotopay 12 years ago. Cash had been count down. Went with count up - well worth it.

 

[kentadel]

Has anyone tried fixed pricing? Nayax will allow you to set up fixed price options (i.e. $4 for 4 minutes, $6 for 6 minutes, $8 for 8 minutes, $10 for 12 minutes). This allows you to give an incentive for picking the max time and avoids a "hold" on a CC.

I had count up for years, went to 4 price selections on my Nayax for customers to choose the $ amount and time they want. I wouldn't go back. I offer more (bonus) time as they choose a higher price. No more calls telling me they forgot to turn to stop and received a max charge.

 

[jaykay]

All responses are a big help, thank you. One area is still a question for me. Apparently cryptopay is capable of a different price per quarter, thus a different pulse rate per quarter, in the count up mode, but not the count down mode. If one were to, for example, choose to set the cc price at $6.00 for 5 minutes, plus sales tax, and the cash price at $5.00 for 5 minute in count up mode, which cryptopay is apparently capable of, would we be charging an up charge for credit card, or discounting the cash price. I have heard we can't up charge the credit cards vs cash legally (based on what I don't know}, so if that is the case can we advertise this as a cash discounted price. Or is this a non issue.

 

[TMoliver]

If you have Monex of Nayax in package mode or multi pricing mode a $5.00 charge does not have to send 20 pulses it could be 19 / 18 or even 25 pulses. Thes 2 brands are smart that way. On both they can show the time given with each transaction. That is how to charge more per quarter than cash.

 

[Blanco]

Hey Jay, I'm not sure if you're interested in a new payment device, but at MONEXgroup, their device can bypass the timer so you can set the CC charge to $5/5mins and keep the coins at $4/4mins. I work at MONEXgroup and can assist you, please let me know if you'd like more information on this!

You forgot to mention the fees that are higher than snoop dogg.

 

[Fatboy769]

Count up is the game changer.

If using Cryptopay, I would agree with this 100%. If using one of the readers that can do multi pricing in count down mode, not so sure..

 

[Car_Wash_Guy]

I had count up for years, went to 4 price selections on my Nayax for customers to choose the $ amount and time they want. I wouldn't go back. I offer more (bonus) time as they choose a higher price. No more calls telling me they forgot to turn to stop and received a max charge.

Can you do 6 on the Nayax?

What are your price points?

Considering doing the same

 

[Fatboy769]

Can you do 6 on the Nayax?

Yes sir.

 

[kentadel]

Can you do 6 on the Nayax?

What are your price points?

Considering doing the same

Yes but the screen choices area gets smaller. 4,7,10,15. Would not be afraid to go 5,10,15,20.

 

[Fatboy769]

@kentadel is right, they do get smaller, but not too bad to read.