UNLIMITED CARD TRANSACTIONS
NO STATEMENT FEE
NO BATCH HEADER FEE
NO PCI COMPLIANCE FEE
NO CONTRACT COMMITMENT
LOWER YOUR FEES
Reduce your credit card fees to basically $0, without having to raise prices
NO CHANGES TO CHECKOUT
All discounting is automatically done by the POS software, without any change to your checkout process
TAKE ALL PAYMENT TYPES
Accept all payment forms including EMV cards, Apple Pay, and Android Pay
How does it work?
Our Cash Discount program is a program that allows merchants to entice customers to pay with cash and save 3-4% off their purchase price. Signage must be posted in the store that states, "all marked prices have been discounted as cash prices". When customers pay with cash, they will only pay the marked cash prices. When customers pay by credit or debit card, the discounted cash price will be increased by an additional 3-4% which is added to the transaction price when the card is processed.
A customer is ready to purchase an item at a store. The item is marked at $10.00. The store has Customer Pricing Notice signage posted: “Our prices include a 4% cash discount. If you are paying by any other method than cash or check, an additional 4% of the marked price will be added to the final purchase price.”
If the customer pays by cash or check, the final price of the item will be as marked $10.00. If the customer decides to pay by credit card, there is no discount, so 4% will be added to the marked price of the item, resulting in the final item price of $10.40.
The cash discount program allows the customer to pay with a credit card, just like prior programs. The difference is they get to choose whether to save by paying with cash, or incur the non-cash adjusted price.
Your total monthly program fee for the Cash Discount Program is maximum $95 per month, regardless of your credit card volume.
Is the Cash Discount Program for You?
Do a majority of your customers use non-cash forms of payment?
Are your margins suffering because of payment processing costs?
Are you looking for a simple solution to improve margins?
Do you want to be fair to all of your customers with your pricing?
Do you want to defend yourself and other small business owners from the rising costs of accepting non-cash payments?
If you answered "yes" to any of these questions, it may be the perfect fit for your business! In addition to saving through lowering your card processing fees, we will provide you with free equipment to ensure success for your business.
What is a cash discount?A “cash discount” occurs when a merchant decreases the price for cash purchases. Cash discount programs do not discriminate one card brand over another, or debit versus credit. Cash Discounts reward customers for paying by a particular tender and/or for not using a particular means of payment. Cash discount programs have been in the past, but only to higher education, municipals, gas stations and utility providers, only recently have federal regulations changed so that independent business owners can use the same programs.
What benefits can Cash Discounting provide?With Cash Discounting, merchants can greatly reduce their payment processing fees with virtually no impact on current sales or processes. Cash Discounting is the only legally compliant and patented automatic cash discount program available in the United States and is available for all credit card types, including app based payments like Apple Pay and Android Pay.
How does Cash Discounting work?First, a small customer service fee is added to all transactions. A discount is offered when payment is made in cash or other forms of payment.
What type of businesses use Cash Discounting?Cash Discounting is perfect solution for a variety of businesses including retail, quick service restaurants and fine dining establishments.
What is the difference between a cash discount and a surcharge?A “surcharge” occurs when the price is increased for credit or debit card purchases. A “cash discount” occurs when a merchant decreases the price posted for their goods and services for selected payment types. No surcharges or fees are allowed on debit card transactions.
“We are so lucky to have Mark and the company he represents help us with our business…He treats us like family and his customer service is second to none.”
SUE HORN BRIAN
Horn's Auto Repair | Rochester, New York