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Abstract Architecture

EXPERIENCE ZERO FEE SAVINGS

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The Customer will enter their card into the terminal when ready to pay. They will then be prompted to confirm the amount, with Cash Discount Fee applied.

1.

The transaction will process on the terminal, charging the customer the total amount for their purchase + Cash Discount Fee.

2.

The Cash Discount Fee will cover the cost of the Business credit card processing fees, eliminating all credit card processing fees.

3.

$100.00

CUSTOMER TRANSACTION

$100.00

INTO BUSINESS BANK

ACCOUNT

$100.00 x 3.5%
=3.5%
   $100.00 + 3.5%
   =$103.50 

CHARGED TO CUSTOMER

Authorized Skytab Partner

HOW IT WORKS

EXAMPLE: *using 3.5% Cash Discount Fee & $100.00 Purchase Total. Most commonly, Businesses opt to use 3%-4% Cash Discount Fee.

POTENTIAL SAVINGS

Potential Savings: Small Retail Business

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  • Monthly credit card sales: $10,000

  • Average credit card processing fee: 2.9% + $0.30 per transaction

  • Cash discount rate: 3.5%

  • Estimated monthly processing fees without cash discount: $290

  • Estimated monthly processing fees with cash discount: $0 (assuming all customers pay cash)

  • Potential monthly savings: $290

  • Potential annual savings: $3,480

SMALL RETAIL BUSINESS

Potential Savings: Restaurant

RESTAURANT

  • Monthly credit card sales: $30,000

  • Average credit card processing fee: 2.9% + $0.30 per transaction

  • Cash discount rate: 3.5%

  • Estimated monthly processing fees without cash discount: $870

  • Estimated monthly processing fees with cash discount: $0 (assuming all customers pay cash)

  • Potential monthly savings: $870

  • Potential annual savings: $10,440

Talk to one of our experts to learn more about your options. Our local Merchant Advisors can assist you in understanding your goals and matching you to the processing that best fits your needs.

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