Should I accept PIN debit in my store?

 A common question that retailers ask me is if it makes sense to accept PIN debit in my store or should I run debit cards as credit cards?

• PRO: Extra Security
• CON: Slows down the lines
• FACT: Can’t use with Dual Pricing 
• FACT: Cost is about the same for PIN Debit versus running debit cards as credit cards (typical $35 transaction = ~$.70 for PIN debit versus ~$.77 for debit run as credit)

With the Durban Amendment,  there is a "breakeven" point right around $35 in transaction size where it makes sense to accept PIN debit if the average transaction amount in your store is over $35.

The reality is that you have to decide for yourself based on what is best for your business.

 

 

 

Result of meetings with multiple liquor stores in Oklahoma last week

 What a blessing to be able to meet with the owners, managers and staff at over 31 liquor stores in Oklahoma last week! Most of them use the Cloud Retailer Liquor POS software in their stores and they all had a lot of positive things to say about Cloud Retailer.  Here are a few pictures that I took:

 

 Aside from the feedback on Cloud Retailer, we discussed a larger variety of topics like YoY sales data, THC, marketing, dual pricing, and the Oklahoma ABLE Commission.

If I missed getting chance to meet with you, please let me know via my personal email (kevinantosh@gmail.com) - I'm sure that I can make another trip to Oklahoma if enough liquor stores express interest in meeting with me! 

Cheers! 

 

I am at the Colorado Independent Liquor Store Event!

 The annual Colorado Independent Liquor Store golf event is today at Arrowhead Golf Club in Littleton, CO. Cloud Retailer is here as well! Stop by and say hello!