How SnapScan’s latest offer simplifies payments for small businesses
Local fintech, SnapScan’s latest offer reaffirms its commitment to empowering small businesses.
The payment service provider’s mission has always been to make it easier for businesses to get paid.
It carried out this mission by building simple tools businesses can use to accept payments anywhere, anytime.
With the launch of their latest Snappy 2.5% offer, they’re simplifying the payment process even further.
Businesses who purchase the SnapStore card machine will now enjoy a fixed 2.5% excl. VAT transaction rate.
Backed by Standard Bank, the SnapStore card machine is an all-in-one device that allows businesses to make sales and manage transactions on the go.
By simplifying its transaction fees for card payments, SnapScan makes good on its promise to help small businesses thrive.
Here’s how this Snappy 2.5% offer saves small business owners both time and money:
1. Only pay as you earn
While some payment providers offer transaction fees below 2.5%, these are often structured around device rental, monthly account fees, loans with high interest rates, or whether businesses earn a specific monthly turnover.
Aside from the once-off cost of the SnapStore Pro, the only fee businesses pay is the small transaction rate of 2.5% excl. VAT.
There are no additional monthly or settlement fees.
2. Pay the lowest fixed rate for ALL transactions
When it comes to payment methods, each customer has their favourite way to pay.
While businesses accommodate this by using different payment tools from various service providers, each service provider uses their own pricing structure.
With the SnapStore card machine, businesses can process all payments on one device.
Customers can tap, insert, or swipe their bank cards, scan the on-screen SnapCode, or use Apple Pay, Samsung Pay, or Garmin Pay.
Businesses can also record cash payments or send a SnapLink for remote payments.
These payments are all processed at the low transaction fee of 2.5% excl. VAT.
3. Enjoy a simplified recon process
SnapScan’s fixed 2.5% excl. VAT is a transparent fee model to simplify the calculation of a business’ total transaction costs.
With the SnapStore card machine, businesses can speed up their reconciliation process by using one service provider for all their payments, and only paying one snappy transaction fee.
4. Get access to your money quicker
No more waiting around for your cash to hit your bank account.
Businesses can improve their cash flow and put their money to work faster with the SnapStore card machine.
SnapScan settles every business day.
Businesses that bank with Standard Bank will receive their money the next business day, while businesses that bank elsewhere will receive their money in one to three business days.
Ready to enjoy a simplified payment process?
Sign up for a SnapScan merchant account today, and order your SnapStore card machine to get more out of every transaction.
Alternatively, click here to learn more about the card machine’s capabilities.
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