Do you end up losing 3-4% of your profit every month to credit card processing fees? A cash discount program is a type of credit card processing that passes on the cost of payment acceptance to customers who choose to pay with a credit or debit card, while giving a discount to all customers who pay with cash. Customers who pay with a credit card will pay the marked amount because the processing cost is included in the cost of the product. This allows the business owner to get the full payment from the customer and not incur any credit card processing fees. Instead of losing possibly thousands of dollars a month in fees, your statement will read $0.
What Are The Benefits?
- All of your credit card processing fees are gone forever.
- Your customers don’t have to pay processing fees unless they want to.
- It’s easy to switch. You receive the signs for the store as required by law, and the terminal is really easy to set up.
- Tips are excluded from the non-cash adjustment. If your business accepts tips, there is no additional charge on tip price to the customer or the business owner.
- You’ll never need to switch processors again. Imagine being able to tell salespeople that your cash discount merchant account costs you $0 every month. You’ll never have to argue with another credit card salesperson again.
- Free terminals are available. Based on your monthly processing volume, free terminals are available for your business that are designed to work with the cash discount program.
- No hidden fees. You won’t find any surprising line items on your statement that hide fees you shouldn’t be paying.
- Cash purchases are fantastic for fraud prevention. Since most people carry cash, paying by cash means that you can test any bills right at the point of sale for fraud.
There’s Zero Risk to Try It Out!
Unlike most merchant processors, we work on month-to-month contracts. We believe that if you don’t want to work with us, you shouldn’t have to. We don’t lock anyone into 3 year contracts or hide fees in legal mumbo jumbo in a 25 page contract.
If you want to see if cash discount credit card processing is right for you, it costs you nothing to give it a try. If you don’t like it for any reason, we’ll switch you to Interchange Plus Pricing.
We want to take the risk out of experiencing what freedom from merchant processing fees feels like. If you’re ready to completely eliminate your fees and have questions, click on the button below to get in contact with us, or skip straight to the application process!