We spoke to Kopper Hair Salon MD, Sabrina Hill, to find out how switching to BOI Payment Acceptance helped turn the salon’s increasing card payments from a burden into a business benefit. Kopper Hair Salon is one of Cork’s leading destinations for hair and beauty treatments, led by award-winning stylist Sabrina Hill. The salon currently takes about 80-85% of customer payments by card – a vast increase on the 50:50 split between cash and card payments Hill was dealing with ten years ago.
Cash transactions cost 4.7 cents per euro of turnover for beauticians compared to 2.3 cents for a standard card transaction – less than half the amount
The value of an average card transaction (€28.25) is almost double the average cash transaction (€25.91) for beauticians, highlighting the fact that card transactions often lead to higher sales for merchants
Increasing the volume of card payments to 80% of accepted payments can play a crucial part in lowering admin costs, saving a business as much as €6,000 annually
“The way people make payments is changing, and in the last two or three years, card has made up 80-85% of our payments. We had to look at sourcing a service that suited us as a business and could deliver cost savings. Our local manager at Bank of Ireland gave us the option of a better deal by introducing us to BOI Payment Acceptance.”
– Sabrina Hill, Managing Director, Kopper Hair Salon
talech, in partnership with BOIPA, provides a feature rich tablet based EPOS system. Whether you’re a small independent outlet or a larger retail chain of franchise, talech provides all you need to run your business better.
To find out more about how an EPOS could help your business, check out our smart EPOS talech or give us a call
*Research carried out by BOIPA in July 2018 with responses from over 1,000 customers.