Then again, almost simultaneously a reversal: From the headlines that have been found in the press on the subject over the past months and years, the reader almost gets dizzy. Nevertheless, it is clear: Cash will remain a part of our society for a long time to come. This is now also ensured by a new restaurant trend.
Cash Payment with Discount
Cash or no cash, that is actually not the main question. The current trend shows that when shopping, one thing is even more important than the means of payment itself: the freedom of choice when paying. The decision could increasingly be in favor of coins and notes in restaurants in the future. Because a new trend has been noticeable for some time: Those who pay cash save.
With discounts – usually up to five percent – on food and beverages, restaurant operators want to encourage guests to pay in cash. The idea behind it: More cash leads, in reverse, to fewer card payments.
The Basic Idea: Avoid Fees
This desire is related to savings from fees incurred during card payments. These include fixed costs such as device rental or service and clearing fees as well as variable costs. They arise in the form of transaction costs, which are mostly independent of the amount, and sales-dependent fees. Some restaurant owners now want to put a stop to this and pass on the savings from cash payments to the customer.
Legally, those responsible are in the clear. They are free to grant discounts – also for a specific payment method. It is only important that it is truly a discount on the original price. For the guest, the full amount must thus be visible on the menu. However, in Germany, it is not permitted to charge a customer an additional fee for a payment method, such as card payment.
Considered: Digital Cash Management
Many operators forget that cash itself also brings some challenges in their euphoria to avoid card payment fees. For the journey of money from acquiring change to transferring cash from the register to the daily safe and the associated daily accounting to bookkeeping and bringing money to the bank ties up resources.
However, this is not an argument not to pursue the trend in your own business. But it is a small call to action. Cash processes must be well thought out in order not to end up being costly. The rule is: Efficiency, transparency, and security bring digital solutions. At ALVARA | Digital Solutions, we address this at various points. It begins with optimized checkout processes, enabled by our solutions, and extends to the simple management of all cash processes with our solutions.
Cash in Restaurants – A Win for All Sides
Discounts for cash payments – this brings various advantages to restaurants. Besides saving on card payment fees, the discount positively impacts guest satisfaction. In addition, there are many possibilities to simplify, accelerate, and efficiently implement cash processes in restaurants. Thus, in the end, both sides benefit from the current trend.
Do you want to promote cash payment in your restaurant? Then let us find the right solution for the underlying processes!