Credit Card Processing | Point of Sale | Technology Solutions |Local Massachusetts Sales & Service
Eliminate most, or all of your credit card processing fees.
This is a huge saving for small businesses that can then use these funds to expand operations and marketing efforts, or simply increase their savings.
When customers pay with cash you receive payment instantly. There’s no waiting for the transaction to process or risk of chargeback. While you always want to offer your customers the ability to pay by credit, you also can offer cash paying customers a discounted price for paying with cash.
The Cash Discount Program allows businesses to collect 100% of their revenue by passing thru a non-cash price (4% adjustment) to customers paying with credit.
When you work with a cash discount program, you are essentially offering your customers two different prices. Customers that pay with cash will pay a lower price. Customers that choose to pay with a credit card will pay the regular price which is higher.
Cash discount programs ultimately make the payment process more simple. When customers pay with cash, you significantly reduce the risk of chargebacks, pricing disputes, data breaches, fraud, and other complications.
Traditional processing fees are charged as a percentage of every transaction. This creates a lot of volatility and uncertainty for business owners looking to budget or plan ahead. Cash discount programs eliminate this issue, so you’ll have a more consistent view of your profit margins.
The customer is ready to pay, and enters their card into the terminal. They will then be prompted to confirm the amount with the Cash Discount applied.
The transaction will go through on the terminal, charging the customer a 4% fee on their transaction.
The 4% will cover the merchant's credit card processing fees, practically eliminating the credit card processing fees.
This adjustment is collected through a compliant software seamlessly integrated with the credit card processing terminal. Businesses owners get 100% of their menu price, while the non cash adjustment covers all of your payment processing expense.
A customer wants to make a purchase for $1 and decides to use cash.
You accept the cash like normal.
If the customer decides they want to use a credit card for a $1 purchase then at the time of purchase you would swipe their card and our terminal would add an additional 4%
to the total which would be $1.04.
You can choose to higher that up to 4% if you wish.
The Federal Durbin Act allows business owners to provide discounted prices to customers paying with cash. Cash paying customers help offset payment processing expenses and promotes better cash flow for your business.
A customer wants to make a purchase for $1 and decides to use cash.
You accept the cash like normal.
If the customer decides they want to use a credit card for a $1 purchase then at the time of purchase you would swipe their card and our terminal would add an additional 4%
to the total which would be $1.04.
You can choose to higher that up to 4% if you wish.
