Imagine offering your customers more flexibility with pricing, boosting your sales, and optimizing your inventory. Best of all, it’s achieved with a single system update. Sounds amazing, right? Luckily, that’s exactly what dual pricing can do for your business.

Our unique POS system at FLO Business Solutions is one-of-a-kind and helps you to process your transactions with ease. So, want to see it work for yourself? Then, call us at 803-887-7356 or complete this form for a free demo.

Notably, dual pricing is gaining traction in the retail and small business sectors as a strategic pricing model. Why? Because it is reshaping the way businesses interact with their customers. This blog shares what dual pricing is, how it works within POS systems, and how it benefits retail operations. By the end of this article, you’ll understand its true potential for your business.

What Is Dual Pricing?

First, dual pricing is the practice of setting two different prices for the same product or service. These prices are based on predetermined criteria, such as the payment method. For instance, a business may charge one price for cash payments. Likewise, they use another for credit card payments to offset transaction fees. This strategy is useful for retailers and small business owners wanting to cover rising operational costs while maintaining customer satisfaction.

While traditionally implemented manually, modern POS systems have revolutionized dual pricing by automating the process. Thus, it is easier to manage and customize.

Three Benefits of Dual Pricing

Below, check out three benefits dual pricing brings to your business.

1. Offset Transaction Fees. By charging a different price for credit card payments, you will recover costs associated with processing fees.
2. Improve Price Transparency. Give customers the option to choose their preferred payment method, knowing exactly how it impacts the price they pay.
3. Competitive Edge. Your transparent pricing policy will set you apart from competitors, appealing to cost-conscious shoppers.

How Dual Pricing Works in POS Systems

Modern POS technology makes integrating dual pricing quick and seamless. Here’s a high-level look at how it works.

1. Define Your Pricing Strategy. First, decide which products or services will have dual prices. Then, set the criteria for each price point (e.g., payment method, quantity purchased).
2. Customize Your POS System. Most POS systems allow you to set up and automate dual pricing rules. You will input two prices for each item and link them to specific triggers, like cash vs. card payments.
3. Automate Notifications and Receipts. Your POS system will automatically display and apply the appropriate price at checkout. Then, it is reflected on the customer’s receipt, ensuring transparency.

How Does Payment Processing Work for Business-to-Business (B2B) Transactions?

At FLO Business, there are two B2B payment processing options we recommend. Those are Level 2 and Level 3. We recommend those as they have enhancements for each transaction that include additional data in a payment message. This data is a way to create more secure and reliable payments.

Key Differences Between Level 2 and Level 3 Payment Processing

There are three key differences in these types of payment processing.

1. More data is required for each transaction.
2. Merchants must put in more effort to collect the additional data and need special software and hardware for Level 3.
3. There are lower interchange rates.

Four Major Benefits of Level 2 and Level 3 Processing

When you read those differences, you might be wondering what is in it for your business. Here are four major benefits of these payment processing options.

1. Increased security
2. Fewer chargeback
3. Faster account settlements
4. Lower processing costs

Frequently Asked Questions We Hear on This Topic

Do you still have more questions? Never fear! That is why we’ve put together this helpful FAQ section.  Our experienced team is also standing by on the phones to answer any questions. Simply call us at 803-887-7356.

What are Some Best Practices for Dual Pricing?

• Be Transparent. Clearly inform customers about your dual pricing policy in-store and online. You’ll want to share any credit card fees up front.
• Train Your Team. Ensure your staff can explain the benefits of dual pricing to customers professionally and confidently. You’ll want your team to share information with customers like benefits of making cash payments.
• Monitor Customer Feedback. Use feedback to assess how your pricing model is being received and make adjustments if necessary.

How Should My Business Handle Dual Pricing Signage?

As mentioned above, clearly sharing your policies is best for dual pricing. One way to do that is by having appropriate digital signage throughout your business sharing these policies. Luckily, at FLO Business Solutions we have a great promotion geared towards digital signage! Click here to learn more about this promotion.

Will I Be Able to See How Dual Pricing Works in Your POS System Before Purchasing?

Yes! We are proud to share our system with you before you even spend a penny. We offer free demos of our system for you to see it first-hand. Click here to schedule your demo!

Plan for a Successful Future with FLO Business Solutions

Dual pricing isn’t just a clever pricing strategy—it’s a glimpse into the future of retail. Whether you’re a retailer or small business owner, dual pricing is the answer to achieving your goals. It’s a way to boost sales as well as cut costs.

FLO Business Solutions is here to help you secure a successful future! Call us today at 803-887-7356 to schedule a demo.

Don’t forget to find us on Facebook and Instagram for lots of great POS content.

Be sure to check out our digital signage promotion as well! Click here to learn more and save money!

Point-of-sale (POS) kiosks are no longer just a trend. In fact, they’ve become essential tools for businesses in the hospitality and retail sectors. Designed for efficiency and convenience, a POS kiosk bridges the gap between technology and customer service. They help small businesses and restaurants create better experiences for both patrons and employees.

Are you ready to transform your business? Our expert team at FLO Business Solutions will help you do that with our state-of-the-art POS options. Call us at 803-887-7356 or click here to schedule a demo to see it first-hand.

This blog explores all aspects of a point-of-sales kiosk. From their benefits to what to consider when choosing one, we’ve got all the information covered for you. By the end, you’ll see why POS kiosks are game-changers for today’s businesses.

The Evolution of POS Systems in the Hospitality & Retail Sectors

Credit card processing has come a long way from the days of a bulky POS cash register. Hospitality businesses and retailers used to rely on traditional POS setups. These often required manual input and offered limited features. With shifts in customer expectations and advances in technology, businesses began upgrading to digital and mobile POS software.

Enter the POS kiosk—a self-service solution that streamlined processes and improved customer experiences. Initially this system was limited to large retailers and fast-food restaurants. However, advancements in technology made these kiosks more accessible to small businesses.

The evolution of the point-of-sale kiosk reflects the increasing demand for automation in today’s digital world. They’re no longer a luxury—they’ve become a necessity for businesses wanting to stay competitive in an evolving market.

Five Advantages of Implementing a POS Kiosk

Why should restaurants and small businesses invest in POS kiosks? The benefits aren’t just about saving time—they impact everything from customer satisfaction to revenue generation. Below are some key advantages:

1. Streamlined Operations

POS kiosks handle customer orders, payment processing, and invoices efficiently, reducing wait times for customers. With automated check-out processes, businesses ensure smoother workflows and fewer human errors.

2. Improved Customer Experience

Today’s customers value speed and convenience. By allowing them to place orders or complete purchases themselves, it eliminates long lines or delays caused by staff shortages. Customizable interfaces also offer personalized experiences, such as upselling tailored recommendations.

3. Cost Savings

By automating routine tasks, businesses will save on staffing costs. While kiosks require an initial investment, their long-term financial benefits typically outweigh the expense.

4. Data and Insights

POS kiosks record every transaction, providing a wealth of information about customer preferences, peak hours, and sales trends. Analyzing this data helps businesses make informed decisions about inventory, promotions, and staffing.

5. Contactless Interaction

The rise of contactless solutions has positioned POS kiosks as a safe alternative during health-conscious times. For example, a touch screen supports digital payments and minimizes physical interactions.

Seven Factors to Consider When Choosing a Point-of-Sale Kiosk

Investing in a POS kiosk is a strategic decision. After all, choosing the right one for your business makes all the difference. Here are seven factors to keep in mind:

1. Ease of Use

Look for kiosks with user-friendly interfaces for both customers and employees. Intuitive navigation and clear instructions make the kiosk accessible to all.

2. Customization Options

Every business is unique. Your kiosk should allow you to tailor workflows, branding, and display options to fit your needs and aesthetic.

3. Integration with Existing Systems

Ensure the POS kiosk integrates seamlessly with your current point-of-sale system, CRM, and inventory management software. This creates a unified ecosystem for better efficiency.

4. Hardware and Durability

Consider the physical setup, size, and durability of the kiosk. For high-traffic areas, prioritize robust devices with secure mounts.

5. Scalability

As your business grows, your kiosk system should accommodate new locations, features, or services. Choose a vendor offering flexible solutions and ongoing support.

6. Cost

While budget is always a consideration, prioritize value over cheap options. A reliable POS kiosk provides ROI through increased efficiency, customer satisfaction, and data insights.

7. Security and Compliance

Ensure your kiosk is equipped with essential cybersecurity features to protect customer purchases and sensitive data. Compliance with payment processing standards (like PCI-DSS) is a must.

If you’re feeling unsure, consult with our trustworthy and experienced tech team. We will help you determine the perfect POS terminal and system for your business needs. Not only will we find a system that takes credit cards, but has an abundance of other features.

Frequently Asked Questions About POS Systems & Kiosks

Do you have more questions on POS systems and kiosk options? Or, do you have questions about FLO Business Solutions? Be sure to keep reading our FAQ section below. You can also call us at 803-887-7356 to talk directly with our knowledgeable team.

What Are Some Future Trends in Mobile POS Software?

The technology behind POS kiosks isn’t standing still. Here are some trends expected to define the future:

• AI and Machine Learning
• Voice-Activated Commands
• Custom Apps
• Sustainability
• AR/VR Integration

These trends reveal that implementing POS kiosks now isn’t just about staying competitive. In fact, it’s about preparing for an exciting, tech-driven future.

Does FLO Business Solutions have the Best POS Systems?

We offer state-of-the-art hardware in our POS systems. As our name suggests we are all about providing business solutions. We know being a business owner is tough. That’s why we do everything possible to provide solutions to help businesses thrive.

Furthermore, it’s not just about a POS system retail businesses and restaurants love. But, it’s about providing unbeatable customer service and helping you every step of the way.

Can I Try Out Your System Before Making a Commitment?

Yes. We completely understand this is a big investment. That is why we offer no-obligation demos. We will not only talk you through all the features of our system, but let you see it first-hand! Click here to schedule your demo today.

Take Your POS System to the Next Level!

Elevate your business by exploring a POS kiosk that is tailored to your needs. Choose technology that respects your brand, empowers your staff, and delights your customers. It’s time to unlock the full potential of POS kiosks. Call FLO Business Solutions today at 803-887-7356 to discuss your unique POS needs.

Follow us on Facebook and Instagram for tips and information on POS systems.

Be sure to check out our digital signage promotion as well! Click here to learn more and save money!

Typically, consumers use credit cards for purchases about twice as much as they use cash. Thus, companies must use a payment processing provider to handle credit transactions. Choosing the right credit card machine can help your business grow while picking the wrong one can be a nightmare. FLO Business Solutions can help you choose the right solution for your business.

Payment Processing Options

If you are old enough, you might remember the manual credit card imprinters. Merchants used them to make a copy of the face of a credit card to receive payment.  While some companies may still use these devices, these outdated tools make recordkeeping difficult. Moreover, as credit card companies move to flat printing, it’s also impossible to get an imprint.

Furthermore, modern credit card terminals offer enhanced security, greater accuracy in recordkeeping, and reduced transaction times. First, the device reads the customer’s data, encrypts it, and requests authorization from your customer’s bank. Then, the card provider verifies the details are correct and confirms the customer has enough remaining credit on the account. Finally, the machine lets the merchant know the transaction has been successful. All this occurs in just a few minutes.

Additionally, a modern credit card processor can easily handle payments wherever you find your customer. This may be online, at a self-checkout, or at a table in a restaurant. It can also be at the customer’s house if you offer mobile services.

For a small business starting out, you can also convert your smartphone into a credit card processor. First, you’ll need a merchant account with a provider. You’ll also need the provider’s mobile payment app and phone credit card swiper.

Distinctions Between Payment Processing Providers

Around the world, there are about 4,100 registered payment processing providers for Visa alone. Choosing the right one can greatly affect the success of your business. Below are some important features to help you find the right one:

1. Fees

When deciding on your payment processing options with a credit card machine, you’ll find different price structures. Some may charge by the transaction, others a flat monthly fee, and others a tiered system.  Typically, the tiered system is the most expensive with the payment processor sorting transactions into different categories.

In addition to transaction fees, the payment processor may also have setup, terminal, or data security fees. Obviously, all these fees can seriously affect your profitability.  While fees are an important consideration, other factors are crucial too.

2. Security Features

When consumers make a purchase, they want to feel confident their information is secure. Additionally, some businesses, like those offering subscriptions, must store sensitive consumer information. Yet, fraudulent attempts on credit card use saw a 72% increase in 2023. Moreover, a data breach can bankrupt a business.

Generally, an independent council set up by card networks manages security standards for accepting credit card payments. All credit card terminals must meet them. However, these standards don’t define the security technology necessary and can’t prevent a breach from happening. Depending on your business, you may want advanced security features.

3. Integration With Existing Systems

If you have an existing business, you may already have a system that manages many of your operations. You probably even have a transaction processing system. However, perhaps your company has outgrown your current credit card machine. Maybe you need more mobility or you’ve added online sales.

Investing in a completely new system is expensive and not necessary. A good card terminal should integrate with your existing software.

4. Ease Of Use

The best payment processing machine should be simple to use with minimal training. If you have difficulty with its use, so will your clients. Moreover, customers can become easily frustrated with complicated procedures and choose another vendor.

5. Support

With ever-changing technology, it’s likely your credit card terminals will need software updates. Occasionally, you may also experience some technical issues. Thus, you’ll want a team with a stellar support system to help with changes and difficulties.

Credit Card Machine – A Few FAQs

Do you have questions about which credit card terminal will work best with your business? Below, we answer a few commonly asked ones. If you have others, call us at 800-887-7356, and one of our friendly team members will help you.

Can I Offer A Discount To Cash Paying Customers?

Absolutely! We can definitely set up your system to remove credit card processing fees from cash paying customers.

How Are POS Systems And Point Of Sale Transactions Different?

A point-of-sale transaction is the completion of payment for goods or services wherever it occurs whether in-store or online. Comparatively, a POS is a system of hardware and software offering many integrated features to help merchants manage their business:

• Inventory
• Sale tracking
• Employee management
• Reward program monitoring
• Analytics and reporting

Why Choose FLO Business Solutions?

For over 20 years, our veteran-owned company has been supplying solutions to over 8,000 business customers just like you. From start-ups to franchised national brands, FLO Business Solutions has different options to meet your needs:

• Payment processing
• HR & payroll
• Marketing
• POS systems
• Tax credit services
• Cash discounting
• Referral/Partner program

Plus, we offer next-day funding and price locks on fees in easy to understand service agreements. Our price lock guarantee means we won’t change your pricing for the life of your account.

Whether you’re just starting a business or looking to switch payment processors or find a POS system for sale, we can help you find the best product. Call us today at 800-887-7356 to book a no-obligation demonstration.