When paying by card, “I feel bad about the processing fee, don’t I?“
You’re right
When paying by card
“Without fail, 3.25% (SQUARE) processing fees are borne by the store“must be covered.
In accounting terms“Processing fees” or “Card processing fees”becomebusiness expenses.
*To be more precise, there’s a bit more to it…
Finding the benefits of card handlingmight be important.
It’s worth thinking about once!
If you’re unsure, definitely try SQUARE (*´ω｀*)
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No cash handling = No need to prepare change/No deposits required
Oh no! Running out of 1,000 and 500 yen coins!No more panicking.
*You just need to prepare them separately?
No need to go to the bank at month-end to deposit“is reduced”
This might be perfect for forgetful people.
Issuing receipts is easy—just print them!*Treated as statement/receipt
Since card usage is notedno revenue stamps are needed
Just for this3.25%? Hmm…I can’t blame you for thinking that.
Howeverthe work that definitely saves time becomes simplerI think.
Over 365 days a yearquite a bit of time is being savedsurely.
So, what’s the actual usage ratio?
Our store started handling cards from mid-Februaryso the comparison isn’t entirely fair.
It’s interesting, so I calculated it.
Cash 48% Card 36% Bank transfer 15%*As of 2024-04-26, roughly
The card growth rate is extremely high.
My prediction is that bank transfers will disappear in the futureand it will become 6:4 or 7:3I think.
Customer feedback“Overwhelmingly convenient”
Our store typically handlespayments in the tens of thousands of yen.*Depending on what we’re doing
Having customers bring “tens of thousands of yen is risky“
People don’t want to carry that much = bank transfermight have been the reason.
Since people always carry cardsthere’s no accidental oversighteither.
You also earn points with card paymentsso it’s a win-winmaybe.
Benefits of paying by card
Credit card payments arewhere the credit card company temporarily advances the payment
“credit transactions”
The store doesn’t actually“receive payment from the person who made the transaction.”
Got it?
Even if you can’t pay now, you can pay later! Using credit = credit card transactions
For example
This month is tight, but I can manage the expense next month~*Getting help from your future self
The bill hit harder than expected~*Common project issues
You can even increase the payment installments later*Fees apply
You can adjust and reconsider your budget afterward.
*This won’t work for people living hand-to-mouth. Please use responsibly
You can request work without worrying about your budget.
This is huge.*With a card, your family won’t find out?That might be the case too… maybe.
Stores should maximize benefits beyond card processing fees
If you’re worried aboutthese card fees being so high~I’d saySTOP!.
Both stores and customers should benefitfrom“credit cards”
Just because you’ve implemented itdoesn’t mean there’s growth potential—that’s risky.STOP! Hold on!
That said, it’s 3.25%… I don’t think it’ll ever be 100% card payments.
On 1 million yen, that’s 32,500 yen in fees…Whether that’s expensive depends on the person…
“Card processing fees/fees”becomebusiness expensesso you’re not just losing money.
I think this depends on the industry
“Cards can be used = budget increases = sales grow = leads to more”
*Please use responsibly
Stores should be raising sales beyond what they pay in card fees… probably…
Orwe need to think about business going forward with card fees factored in.
I still haven’t fully masteredSQUAREyetbut it has amazing features.
- POS Register
- Restaurant POS Register
- Retail POS Register
- Reservation Management
- Square Funding
- Data Analytics
- Staff Management
- Scheduling
- Customer List
- Inventory Management
- Gift Cards
- Loyalty Programs
- Integrated Services
- Business Efficiency Tools
You could expand your online store with a POS register.With reservation management
you can perfectly control schedules without the “he said, she said” confusion.
Customer management is also easyto handle, which is important.
When you want topromote something, you could distribute gift cardstoo.
Subscription featuresopen up even more possibilities.
SQUARE really does make things simpler and save time—that’s huge
It’s not just card paymentsbut packed with even more servicesI think.
If you’re unsure, definitely try SQUARE (*´ω｀*)
Comparing it carefully with other companies is really interesting.
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