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Creating cash handling efficiency

Views: 0     Author: Site Editor     Publish Time: 2021-12-09      Origin: Site

Creating cash handling efficiency

Global convenience stores are experiencing a transformation from once fuel-driven landscapes to offering essentials that consumers once acquired from retail stores. C-stores face abundance of macro industry and micro-level issues, from labor costs, data security vulnerabilities, credit card fees, crude oil prices to health care reform, overtime regulations and cash shrinkage.

The convenience store (gas station) is dominated by 63% of the transfer of cash payments - the highest in retail vertical. With small shop footprints, shoppers can quickly capture food, natural gas, home necessities, more typical transaction prices below $ 50. As Cash is the most popular payment method, C store owners need a long-lasting POS solution to diminish its cash handling challenges. In this setting, manual cash handling leads to high labor costs and cash differences affecting its bottom line. The store owner also experiences the threat of robbery, internal theft and forgery cash. LB cash drawers offer a variety of solutions to help reduce convenience cash management issues.

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