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Has anyone ever regretted Cryptopay

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When I asked crypto for their CC rates this is what I was sent. Can someone help me make sense of this. I keep getting sketchy answers from them and no straightforward answers. For example which Visa bracket would I fall under? Small ticket or retail? If a transaction is for example $3 are the rates and fees the same % wise as they would be for a $5?
 

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KleanRide

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I couldn't make much sense of those fee schedules, either, so decided to take the leap.

I've now got crypto on all vacs and bays. Vacs are $1.00 to start, counting up with auto shutoff at $10. Bays are $1.50 to start, counting up, shutting off at $15. After 10 months my all-in merchant fees from Crypto/Worldpay are averaging 5.06%

In my opinion that's a small price to pay for the bump in traffic and gross sales that I've gotten since Crypto was installed.

Hope that helps.
 

Noob

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KR, how much time are you giving for 1.50?
 

Sequoia

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I look at the WorldPay monthly statements. There are so many categories of charges, fees, etc. that I have chosen not to even try to figure it out. Many with miniscule percentages. All sorts of tiny fingers in the pot. So I no longer look at it.

What I do look at is my fee total compared to gross collected. It's been under 6% and I am guessing my volume is lower than most others. Both for being a small wash in a small town, and fairly new swiper installations.
 

Noob

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I can live with 5 or 6%. I read on a forum from last year that some poor guy was paying 17%. At 17% I wouldn't even consider it.
 

KleanRide

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KR, how much time are you giving for 1.50?
I’m set to count up so there’s no preset time, just the $15.00 max stop point. They’ll wash longer and spend more when there’s no timer beeping at them.
 

Damoni88

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Im at 4% all in fees. I have my cash at $2.00 and cc at $4.00. For cash i give 3.45 for cc they get 7.30 time. People love the fact they can swipe a card. I have to be on count down cause i have gs400 timers but in 18 years i have had 4 chargebacks. My average ticket is $6.97
 

Twodose

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I like cryptopay, but the worldpay processor they use on the other hand is a nightmare to deal with. If you ever have to call them be prepared to spend a week trying to get anything resolved. I have other areas I would like to install cryptopay but I am kind of waiting to see what their next generation of credit card readers brings. Swipe readers are getting to be a thing of the past. I heard a rumor they are working on tap for the future.
With tap you will have to add another reader in addition to the scanner.
 

ShineShed

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Has anyone every regretted adding crypto? Just some background, I’m in a very rural part of TN. My start price is $1 for 2:40. I’m thinking I would have to make the start price for CC $3 in order to make it work? Are the swipes pretty durable?
I have crypto on all my ss bays and my auto bay, did the cryptopay retrofit kit on my acw5 paystation works great. They are durable i havent had any issues with mine over a year old. My revenue is about 60% cc sales. I have new vacs with bill acceptors so i didnt put cryptopay swipers on them didnt think $400 for each swiper was worth $1 to start vacs. My ss bays are $3 cash to start for 3min24sec and $5 min cc charge for 5min40sec. No complaints from customers. Theres no limit that i know of on my swipers ive had guys spend over $30 in one wash, mine are setup to count up $1 charge for each push of the button after their initial $5 charge to start. One thing some customers have recently called me about is pre authorized charges to their card for $10 on my automatic even when they opt for an $8 wash but they get the $2 refund within a day. Hope this helps
 

Waxman

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I have crypto on all my ss bays and my auto bay, did the cryptopay retrofit kit on my acw5 paystation works great. They are durable i havent had any issues with mine over a year old. My revenue is about 60% cc sales. I have new vacs with bill acceptors so i didnt put cryptopay swipers on them didnt think $400 for each swiper was worth $1 to start vacs. My ss bays are $3 cash to start for 3min24sec and $5 min cc charge for 5min40sec. No complaints from customers. Theres no limit that i know of on my swipers ive had guys spend over $30 in one wash, mine are setup to count up $1 charge for each push of the button after their initial $5 charge to start. One thing some customers have recently called me about is pre authorized charges to their card for $10 on my automatic even when they opt for an $8 wash but they get the $2 refund within a day. Hope this helps
You have to go into your cryptopay merchant account and re-configure the swiper settings if you want a different min / max charge. I was $10 max per swipe on my wand bays. I just raised max to $15. When I looked at the sales today I noticed a bunch of charges over $10. One was $30!
 
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