Merchants are now saving $650-$2,000+ per month with this program!
In all 50 states, merchants are now able to completely offset merchant service fees by using the Cash Discount Program! Our system automatically eliminates nearly all of your credit card processing fees by implementing a discount program for customers who pay by cash. If a customer pays by credit card, they do not receive the discount and therefore pay a price that is higher by the cost of processing credit cards!
See example below for a $10 Transaction
Signage is provided that says
“All transactions have a fee.”
CREDIT CARD TRANSACTION:
Customer’s Cash Discount Price: $10.00
Customer’s Fee (3.75%): $0.37
Customer’s Total: $10.37
The $0.37 pays the merchant fees!
CASH TRANSACTION (With the 3.75% DISCOUNT):
Customer’s Cash Discount Price: $10.00
Customer’s Fee: $0.00
Customer’s Total: $10.00
Using the example above, the $0.37 generated from the fee assessed to the customer is used to offset nearly ALL of your merchant fees. It’s that simple! And your customer benefits from paying cash by achieving a 3.75% Discount.
By offering a cash discount to cash paying customers, merchants are now able to utilize this program to pass a fee along to non-cash payments and meet state and local regulations. This is the same program that gas stations, municipalities, and utility companies have been using for years across the country.
The Durbin Amendment (as part of the Dodd-Frank Law in 2010) states that businesses are permitted to incentivize customers to use cash by offering a discount for cash payments. To qualify for this discount, the payments would have to be made using a form of payment that are not credit/debit cards (i.e. cash). Furthermore, there was a settlement in January of 2013 that required major card brands to change some rules for merchants to allow merchant to “offer discounts to customers who pay with payment forms less expensive than Bank Debit Cards.”
Included in the program:
- Accept all card types! All card brands are accepted and eligible for the cash discount program
- Free equipment! We will give your business free credit card terminals
- Next Day Funding! Automatically receive your batches the next day!
- No Obligation! Try our program- and if you don’t like it, we will switch you back to regular processing.
- Easy to understand and sign up! Click, call or text us for more info!
See FAQ below:
Is it legal to offer a Cash Discount?
Won’t my customers be upset by this fee and want to go elsewhere?
What if I don’t like the Cash Discount Program after a few days, weeks, or months?
If for any reason you wish to discontinue the Cash Discount Program, we will immediately change you back to traditional credit card processing. You will still save a lot of money on your credit card fees by utilizing our traditional low rate program, which saves business owners on average 25% over the fees your previous processor was charging.
Is this the same thing as Surcharging?
Why would I want to implement the Cash Discount Program?
The Cash Discount Program helps businesses impacted by high processing costs by eliminating monthly processing fees. Many small ticket merchants like a pizza restaurants or coffee shops etc. process very small transactions of only $7-30 dollars (sometimes even less). The credit card processing cost on a debit card used as a credit card on a small transaction can sometimes add up to over 4.20% before paying any additional fees!
What do I need to do to make sure I’m using this program correctly in my business?
738 Smithtown Bypass • Smithtown, NY 11787 • firstname.lastname@example.org • 800-477-9116
Cashdiscountprogram.com and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.