I announced preferential credit and debit card banking rates for users of our point of sale software on Thursday. We estimate that, on average, our users will save around $500 a year if they take up the offer we have brokered.
On a per transaction basis, fees offered through the StGeorge / BankSA relationship are 10% better than the fees newsagents have today.
We have been able to negotiate a better banking deal by not taking any commission or cut from sign up or transactions. It was important to me that we put the maximum benefit possible on then table for our customers.
This banking move coupled with the easier access to eftpos processing at each register point makes transacting business through Tower Systems software a better deal.