When you think about ways to encourage your customers to pay with cash, you might think of offering a discount. But what if giving a discount isn’t an option? How can you still get people to hand over their hard-earned cash instead of using a credit or debit card?
There are a few things you can do to make it more enticing for customers to pay with cash. One way is to offer a cash discount. This is when you offer a small discount to customers who choose to pay in cash instead of using a credit or debit card.
Offering a cash discount is a great way to entice customers to pay with cash, and it’s also a great way to save on credit card fees. But before you start offering a cash discount, there are a few things you need to know.
First, you need to make sure that your employees are on board with the idea. They need to be able to explain the discount to customers and answer any questions they might have. Second, you need to make sure that you have enough change on hand. You don’t want to run out of change in the middle of a transaction.
Finally, you need to make sure that your customers know about the discount. You can do this by putting up signs in your store or by mentioning it on your website.
If you’re ready to start offering a cash discount, here are a few tips to help you get started.
- Decide how much the discount will be
When you’re deciding how much to offer as a cash discount, keep in mind that you want it to be enough to entice customers but not so large that it’s more expensive for you to offer the discount than it is for customers to pay with a credit or debit card. A good rule of thumb is to offer a discount of between 2% and 5%.
- Train your employees on how to explain the discount
Your employees need to be able to explain the cash discount to customers so that they know what they’re getting when they choose to pay with cash. They should also be able to answer any questions customers might have about the discount.
- Make sure you have enough change on hand
You don’t want to run out of change in the middle of a transaction, so make sure you have enough on hand before you start offering the cash discount.
- Promote the discount to your customers
Make sure your customers know about the cash discount by putting up signs in your store or mentioning it on your website.
- Start offering the cash discount
Now that you’re prepared, you can start offering a cash discount to your customers. Remember to keep an eye on how much cash you have on hand and to train your employees on how to explain the discount to customers. With a little bit of effort, you can encourage your customers to pay with cash instead of using a credit or debit card.
When it comes to encouraging customers to pay with cash, offering a cash discount is a great way to get started. By training your employees on how to explain the discount and by promoting it to your customers, you can make it easier for them to understand and take advantage of the savings.
