Keep the till. Lose the cash cost.
What changes at the counter when customers pay from a wallet, and what does not.
What changes
Customers who pay you in cash today pay you from a wallet instead. The rand arrives in your wallet the moment they approve it, identified and reconcilable. The counting, the float, the cash-in-transit contract, the deposit fee and the shrinkage on that rand fall away.
What does not change
Your till, your point-of-sale system, your card acquirer, your bank. The rail sits alongside what you already run. Cards and cash keep working.
What it costs
A merchant rate designed to sit below your current cost of tender, whether that tender is cash or card. The customer pays nothing to pay you.
Who it is for
Any business that takes cash at scale: retail stores, forecourts, quick-service restaurants, wholesalers, betting shops, bus and taxi operators, funeral and insurance collections, and the hawker and spaza trade the platform's merchant app was built for.
A 30-minute conversation about your cash volumes and the cost lines they carry.
Talk to Johan Burger, Executive Director and Chief Financial Officer.
johanb@sommaredde.com