EXPERIENCE ZERO FEE SAVINGS
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
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
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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
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