YETErOS vs Toast POS

Introduction:

The point-of-sale (POS) industry has experienced a significant evolution over the past few years, with new players and features entering the market. One such feature is the ability to offer dual price processing or surcharging, which allows businesses to pass the cost of credit card processing fees onto their customers. YETErOS and Toast POS are two popular POS systems that offer these features. In this white paper, we will compare YETErOS’s dual price processing to Toast POS’s surcharging.

YETErOS’s Dual Price Processing:

Linga POS offers dual price processing, which enables merchants to offer a cash discount to customers who pay with cash, while card users are charged a higher price. This approach is legal in all 50 states, thanks to the Dodd-Frank Act’s Durbin Amendment. YETErOS’s dual price processing is designed to incentivize customers to use cash, reduce credit card processing fees, and improve business profitability.

Toast POS’s Surcharging:

Toast POS offers surcharging, which is a fee added to customers who pay with a credit card. The fee is typically 3-4% of the total transaction, and it is used to offset credit card processing fees. Surcharging is banned in several states and frowned upon by many customers who feel that it is unfair. Additionally, Toast POS’s surcharging may result in compliance issues and a negative impact on customer relationships.

Comparison:

YETErOS’s dual price processing differs from Toast POS’s surcharging in a few key ways. First, Linga’s dual price processing offers a clear incentive for customers to pay with cash, while Toast’s surcharging simply adds an extra fee for customers who use credit cards. Second, Linga’s dual price processing is fully compliant with all state and federal laws and regulations, while Toast’s surcharging may not be legal in certain states or under certain circumstances. Third, Linga’s dual price processing is fully integrated with its POS system, making it easy for businesses to implement and manage. Toast’s surcharging, on the other hand, may require separate equipment and may be more difficult to manage.

Conclusion:

In conclusion, both YETErOS and Toast POS offer solutions for businesses to offset credit card processing fees. However, YETErOS’s dual price processing is a more ethical, legal, and straightforward approach to pricing that benefits both merchants and customers. It offers a clear incentive for customers to pay with cash, reduces credit card processing fees, and improves business profitability. Toast POS’s surcharging, on the other hand, adds an extra fee for customers who use credit cards, may not be legal in certain states or under certain circumstances, and may result in compliance issues and a negative impact on customer relationships. Overall, YETErOS’s dual price processing offers a more transparent, compliant, and user-friendly solution for businesses.