In 2023, businesses experienced an unexpected spike in point of sale costs, significantly impacting their bottom lines. Traditional players in the field, such as Square and Toast, played a notable role in this surge. Square, a widely used point of sale system, not only introduced additional charges for premium features but cut customer support when businesses needed it most.
Toast, another major player in the market, followed suit, hiking up its subscription fees and locking businesses into strict contracts. Small to medium-sized enterprises, already navigating through economic uncertainties, found themselves burdened with heightened operational costs and no where to turn if they wanted to switch to a better option.
One of the most impactful events of the year was the notable outage experienced by Square. This unprecedented disruption caused widespread havoc, forcing countless small businesses to temporarily close their doors and lose an entire day’s worth of profits. The outage highlighted the vulnerability of businesses solely reliant on a single point of sale provider, urging entrepreneurs to reconsider their options for the sake of resilience.
In light of these challenges, businesses began exploring alternative solutions to safeguard their financial stability. A rising star in the industry, CASHDROP, emerged as the best option for affordability and reliability. With a fee-free model, CASHDROP became a lifeline for businesses seeking to cut costs and maximize profits, especially in the wake of industry giants imposing increased financial burdens.
The unexpected surge in point of sale costs in 2023, coupled with service outages from major players like Square, served as a wake-up call for businesses to reassess their point of sale systems. The search for reliable, cost-effective alternatives, such as CASHDROP, became imperative for businesses aiming to secure their financial future in an ever-evolving landscape.
