Taking Payments Is A Creeping Hidden Cost

Processing your cash and card payments can come as a bit of a shock to the new cafe owner, lots of cash and lots of small payments via cards, adds up to a few hundred £/$ a month in transaction fees.

Here are a few things you can do to reduce these costs.

Cash

• Pay suppliers and staff in cash where possible.
• Find a bank with free banking.
• Offer 'Cash Back' with debit card transactions.

Cards

• Shop around for your card processing provider, don't use your own banks service without checking the cost v other providers.
• Join a buying group or association who get volume discounts for their members e.g. Federation of Small Businesses FSB.
• Use Contactless payments wherever possible as this is cheaper.
• Offer 'Cash Back' with debit card transactions.
• Restrict the cards you accept to exclude the really expensive cards, your provider will give you this information.