A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Sunday newsagency management tip: offer cash out

Newsagents using the tyro broadband eftpos facility, and that is the majority of newsagents, can cut their merchant fees for debit cards if they include cash out in a transaction. It’s is a simple question to ask when processing the card, a question that could add significant dollars to your bottom like. Would you like cash out today?

In my experience in a shopping centre situation, most cash outs are for $50.00 or less so it is not much of a burden on the cash holdings in the business.

11 likes
Management tip

Leave a Reply

Your email address will not be published. Required fields are marked *

Reload Image