Are you looking to make the most out of your point of sale (POS) system with AirPOS Pay? It’s essential to understand the minimum spends associated with card payments. Whether you’re using a card reader for small purchases or larger transactions, knowing the minimum transaction value is key to seamless sales processing.
Minimum Transaction Threshold for AirPOS Pay
With AirPOS Pay, the smallest amount you can process through your POS card reader is £0.30. This minimum transaction limit ensures that every card payment you accept is feasible and profitable for your business. It’s important to note that for transactions under this value, the system will not be able to accept card payments.
Why a Minimum Transaction Amount Matters
Implementing a minimum transaction amount helps in covering the transaction fees associated with card payments. This is especially vital for small and medium retail shops, coffee shops, and other businesses using AirPOS Pay’s POS systems. It ensures that your business remains profitable even when handling small transaction amounts.
Testing Payouts with AirPOS Pay
If you’re testing payouts with your AirPOS Pay system, consider transacting an amount above £2.00. The reason for this is straightforward: the minimum payout is £1.00. Therefore, after accounting for transaction fees, a payout of £2.00 ensures that your business will receive its funds on the next working day. This feature of our POS system helps you manage your finances more effectively and predictably.
In conclusion, understanding and adhering to the minimum transaction amount of £0.30 in your AirPOS Pay system is crucial for the efficient management of card payments. This approach not only simplifies your transactions but also supports the financial health of your business. For more information on utilising your POS system and card reader to the fullest with AirPOS Pay, don’t hesitate to reach out to our support team.