4 ms·
I agree that banning tipping should be considered. I haven’t seen it mentioned in this thread yet but the payment terminals of course benefit from the tipping o
by kylehotchkiss 2y ago
I agree that banning tipping should be considered. I haven’t seen it mentioned in this thread yet but the payment terminals of course benefit from the tipping options because the transaction amount grows as does they amount they get from the percentage based portion of their transaction fee. If I had to guess, adding this option for all restaurants probably increases their amount processed by 3-5%
- wyre 2y agoPoint of Sale payment processors need to have competitive rates, maybe there are some with fees up to 5%, but the most I’ve seen are at or under 3%
- kylehotchkiss 2y agoI didn't mean their cut was that high, I'm estimating the total amount $ processed raised by that percentage due to easier and more persistent tipping options