Lower Your Payment Processing Costs with Our Cash Discount Program!
especially with rising credit card processing fees eating into your profits. That’s why we’re
excited to introduce our Cash Discount Program, a simple and effective way to reduce or even
eliminate your processing costs while offering value to your customers.
Learn How Much Money You Can Save With Our Savings Calculator
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1. Transparent Pricing
Advertise one price for cash payments and apply a small adjustment for card transactions.
2. Seamless Integration
Our easy-to-use payment technology automates the process, keeping things simple for you and your team.
3. Customer-Friendly
Signage and receipts clearly explain the program to your customers, ensuring transparency and satisfaction.
How Do Merchants Benefit from the Cash Discount Program?
The cash discount processing model utilizes cash discounts or surcharge fees to eliminate merchant fees charged by credit card companies to businesses that accept credit or debit card transactions. A true cash discount program is compliant across all 50 U.S. states. By implementing cash discounting, business owners can eliminate the fees associated with accepting credit and debit card payments. As your merchant services provider, CashDiscountProgram.com can help you achieve zero processing costs on your entire monthly transaction volume when you accept credit cards. Your business can benefit by incentivizing cash-paying customers with no additional fees, while applying a higher price for credit card transactions. In this way, our merchant services can leverage surcharge programs or cash discounting to implement a Zero Cost Processing Program for your business.
Can I really Have No Credit Card Processing Fees
When implementing a compliant cash discount program, your credit card processing fees can be significantly reduced or even eliminated. With a cash discount program, customers receive a discount for paying with cash, while credit card payments are subject to a service fee. We adhere to the detailed compliance rules of the credit card brands with the utmost care and diligence.
By following the strict regulations set forth by the card networks, we are able to help most business owners eliminate interchange fees. This is achieved through a compliant cash discount program, which offers a discount for cash purchases and waives fees for debit card transactions. Staying fully compliant with the relevant regulations enables your business to process payments more efficiently and cost-effectively through cash discounting, ultimately reducing or eliminating credit card processing fees as well as any monthly fees.
Processing Partners
Merchants can now reduce or eliminate credit card processing costs and increase their net income by offering cash discounts to customers paying with credit or debit cards. Traditionally, merchants believed payment processing fees could only be lowered by reducing fraud risk, using address verification, and negotiating with processors. However, cash discount programs provide a legal way to reduce or eliminate merchant fees on every credit card transaction. These programs allow merchants to pass along credit card processing costs to customers through a surcharge or cash discount, rather than having those fees remain uncontrolled and defined solely by credit card companies. As a result, merchants can save significantly on their monthly payment processing fees.
We will implement a merchant account that includes a surcharge or cash discount program to dramatically reduce the cost of credit card transactions for customers who prefer to pay by card over cash. Surcharge programs waive fees for debit card payments.
By consulting with business owners, we’ll create a merchant account with the cash discount or surcharge program that best fits your needs. This will eliminate credit card processing fees and potentially offer free debit card transactions for your customers.
Our cash discount and surcharge programs come at no monthly or merchant service fees. Implementing the cash discount program incurs no hidden fees or overhead costs, as that would defeat the purpose. With our legal cash discount program, the financial burden of credit card payments is shared by all customers – cash customers pay the cash price, while credit card customers pay the credit price. Debit card purchases are exempt from any surcharge fees. We provide efficient and transparent solutions that eliminate credit card processing costs.
Instead of wasting money on expensive credit card processing fees, businesses can increase revenue through a cash discount or surcharge program. These programs reward cash-paying customers with a discount, while offsetting credit card processing costs with a flat fee for card payments. Even small businesses can leverage these programs to allocate more revenue towards their operations, enabling them to compete more effectively with larger companies by offering more affordable prices.
Cash Discount Program vs Surcharge Program?
A cash discount program offers customers a discount for paying with cash, while a surcharge program charges a fee for credit card payments but not debit cards. The surcharge typically matches the credit card processing fee, which can be around 3% of the total purchase. For example, a $5 item with a 3% processing fee would result in a $0.15 cash discount. In 2010, Congress passed the Dodd-Frank Act to protect consumers from unfair banking practices. Legitimizing cash discount programs , except Connecticut and Massachusetts.
What is a Cash Discount Program?
Cash discounting offers customers a financial incentive for paying in cash by providing a discount at the point of sale. Merchants can implement this by displaying two prices—one for credit card transactions and another for cash payments—or by applying the discount directly at the register. Typically, the cash discount mirrors the credit card processing fee; for instance, if the fee is 3.0%, the cash discount will also be 3.0%. This strategy not only encourages cash payments but also serves as a compelling way to promote the business while helping customers save money.