Discounts

You want to promote your Operation.

Issue discounts (coupons) using customized self-defined codes to make that happen. These codes enable your customers to receive percentages off transaction fees at your BATM for a certain period of time.

The discount applies to your transaction fees - not the transaction amount or markup.

• e.g. you charge a 10% fee, and the customer uses a 40% discount off that fee: they pay only a 6% fee.

• e.g. you offer a 100% discount: the user will pay no fee (but full price + markup for the coin).

Open

Marketing opt-in discount code:

Your Operation may choose to offer a discount code to your customers who elect to opt-in to marketing materials.

First, create/define a Discount, then assign that global discount here:

Open

Next, create a notification of opt-in to be notified of such:

Notification Policies | Customer Agreed to Marketing Opt in

Discount Dashboard:

Locate any discount quickly using the search function.

Status: active, or not. Hover to see an explanation.

Code: the Discount code (as entered at the BATM).Notes

Organization: you. Your Operation.

Buy Discount: the percentage set for BUYs.

Sell Discount: the percentage set for SELLs.

Validity From: the date the discount became valid.

Validity To: the date that the discount expires.

Sum of Usages: the quantity (in currency) of the applied discounts.

Number of Usages: the quantity (of transactions) where this discount was used.

Max Total Amount: the maximum amount (in currency) of total discount allowed.

Remaining Amount: the amount still available to be used (before hitting “Max”).

Max Usages Per Identity; the maximum number of usages allowed (per Identity).

Identity: when limited to a specific Identity, this is that Identity number.

Used for marketing opt-in: checked when this Discount has been assigned as the Marketing opt-in discount code (above).

Notes: any notes you included in the Discount details will be shown.

Discount Details:

Code (REQUIRED): a short alphanumeric code (i.e. 8 characters) to be typed into the BATM during a transaction. This code is NOT case-sensitive and will be automatically capitalized when you save it.

• Example: “PizzaParty” becomes “PIZZAPARTY”.

Discount Active: deactivate the coupon code as you see fit.

Maximum Number Of Usages: for implementing “first xx people” offers and restricting your vulnerability to fraud. Larger discounts warrant tighter restrictions.

Maximum Usages per Identity: restricts the number of instances that any particular Identity may use a discount.

Limit to specific Identity: grant favored rates to an individual customer. Enter the Identity number.

Restrict to first Transaction only: when enabled, only the first transaction of any given Identity will accept the discount code (i.e. LIMIT 1 PER CUSTOMER).

Discount Type:

• Discount from fee: (default) value of the fee discount.

  • if you normally charge a $10 fee - a 90% discount here will reduce the fee to $1.

• Direct fee: absolute fee %.

  • At the time of transaction, one of two fees are applied - the lesser of:

    • the original fee, or

    • the specified “discounted” fee.

  • Example 1 - the transaction has a 5% fee and the direct fee is 6%.

    • Use of the discount fails.

    • The customer is charged the original 5% fee.

    • The BATM reports to the customer that the discount cannot be used.

  • Example 2 - the transaction charges a 5% fee and the direct fee is: 4%.

    • The 4% fee will be applied.

    • The customer is only charged a 4% fee.

Discount From Buy Profit Fee: the amount of discount applied to the BUY fee.

Discount From Sell Profit Fee: the amount of discount applied to the SELL fee.

Configuration Cash Currency* (REQUIRED): the applicable currency,

• i.e. if you accept USD, EUR, and CAD – but this discount applies to USD only, then set this field to “USD”.

• “Not Used” will enable this discount for ALL cash currencies (that you are configured to accept).

Minimum Transaction Amount: when set, requires a minimum transaction amount before allowing the discount.

Maximum Total Cash Amount: when set, limits discounts to a maximum transaction amount. This is another way of restricting your vulnerability to fraud. Larger discounts warrant tighter restrictions.

Crypto Currencies: if set, the discount will only work for the identified cryptocurrency.

Validity From* (REQUIRED): the date the discount becomes usable.

Validity To* (REQUIRED): the ending date  - when the discount offer expires.

Notes: notes are entered here and also displayed on the dashboard.

Organization* (REQUIRED): select the Organization this discount applies to.

Created at: (unchangeable): the date the Discount was created.

Save it.