bspells Posted July 4, 2015 Share Posted July 4, 2015 Yesterday, at the GWCC downtown and I used some machines with cashless solutions. First off, how much does this kind of stuff cost? Does it actually pay off for you to use it (both in terms of money from sale and number of sales)? What are the fees for processing? Thanks for the help! Link to comment Share on other sites More sharing options...
RJT Posted July 4, 2015 Share Posted July 4, 2015 Not trying to be short with you but use the search function this has been discussed many times. Link to comment Share on other sites More sharing options...
bspells Posted July 4, 2015 Author Share Posted July 4, 2015 Oh, oops. Sorry. Link to comment Share on other sites More sharing options...
RJT Posted July 4, 2015 Share Posted July 4, 2015 Oh, oops. Sorry. Not a big deal. After you do some searching let us know if you have any questions. Welcome to the forum!! Link to comment Share on other sites More sharing options...
bspells Posted July 5, 2015 Author Share Posted July 5, 2015 Not a big deal. After you do some searching let us know if you have any questions. Welcome to the forum!! Haha thanks! This is one of the most useful forums I think I've ever come across. Better to learn from someone else's mistake than to make the same one. I don't really understand how the payments get processed... Maybe someone with experience can shed light on how they get their money? Link to comment Share on other sites More sharing options...
AZVendor Posted July 5, 2015 Share Posted July 5, 2015 Each card reader will send a batch every night to the backend processor you use. Usually within 2 days you'll see the deposit from that batch into your bank account less whatever the exchange fee is which is typically 5-7% of each transaction. Once per month you'll see a withdrawal of fees from your account for the monthly access fee. Link to comment Share on other sites More sharing options...
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