The Cost of The Transaction

Cashless is the rage – it’s fast and convenient for the client.

The question I pose to you is: How convenient is it for YOU?

As we both know, there are several factors that come into play here.

• The cost of the transaction
• The value of the transaction
• Does your patron use it

Cost vs. Value

Ah, those fantastic two words that ring in our ears.

The COST is what it costs YOU to broker the transaction. Increase the number of transactions, and you benefit from higher volumes. Increase the value, and you win with higher ticket prices. This “can” be a win if you can leverage the higher ticket items, but that’s another discussion.

The bottom line in cashless transactions is to reduce transaction/broker fees. This means having a vehicle that does not tie commissions or transaction fees to each transaction.

How can you do this?

Ensure that this is a conversation you have with your POS provider so they can provide a solution with NO transaction fees. How kewl, eh? Is that even possible?

NO transaction fees are possible, and several vendors provide a no-transaction-fee solution. However, the additional system costs and the ongoing management of updates and upgrades are also factors.

Remember, if you have to pay extra for a system update, a maintenance contract appears to be less valuable, so you need to figure these extra fees in as well.

With iCare by Newcare, there are no update fees, and your updates are available immediately when they are released to production. There is no waiting, and there is no fuss. Easy peasy!

Drop us a note, and let’s explore how we can help!

Happy computing

\\//\\//olf

Founder,
Newcare International
www.newcareInternational.com