Credit Card – Merchant Cash Discount
How It Works
The customer pays a small service fee (4%) when using their credit card. You, as a merchant, offset some or all of your current merchant service fees without increasing your overall posted prices. You can now eliminate transaction minimums and optimize credit card processing. Debit cards are excluded from surcharges.
How do I get started?
You simply post signage (that we will provide) that states that all non–cash transactions now carry a 4% customer service charge. Your posted prices are your cash prices. It’s as simple as that.
Do I have to calculate the charges?
The additional 4% service charge is programmed into your terminal. Therefore, there are no additional payment processing steps for you.
Won’t my customers be upset by this fee and want to go elsewhere?
While nobody wants to pay additional fees, more and more consumers are starting to realize just how expensive it’s been for merchants to accept credit cards. Many merchants can now remove the minimum amounts for credit card use. This service charge is a tradeoff for allowing customers to use their credit cards rather than carrying cash.
Contact us to learn more about our merchant services and payment solutions!