Discount for cash services is highly beneficial for the customers as well as the merchants. How? Let me explain! With a discount for cash program in place, merchants can virtually eliminate the entire merchant payment processing fees. Do you want to wave goodbye to the credit card processing fees? With a discount for cash program, now you can collect 100% of the sales revenue and encourage your customers to shop more by passing on this discount fee directly to the customers.
Some of the greatest benefits of discount for cash program include:
- Get 100% of sales value
- Obviate monthly processing fees
- Offer incentives to customers who make cash payments
- Disruption-free sales flow
Cash discount program – an overview
The discount for cash program allows merchants to manage some of their current fees for merchant services without adding up the overall costs. With a cash discount program, you can offer discounts to all those who pay using cash. In other rates, the posted rates of your merchandise apply only for those who pay in cash and those who pay through credit cards will have to pay additional charges (the processing fee). The customers who shop with cash eliminate service fees and others will have a line item including in their receipt. With discount for cash services, you can implement a cash discount program.
Well, that’s not all you stand to gain with a discount for the cash program, businesses that are affected by the high costs of payment processing can benefit largely from this program. For example, small-ticket merchants such as the coffee shop, barber, etc.
The issue is that when you make an average transaction of small-ticket items say $4-7 or even less many times, the underlying interchange on using a debit card as the credit card is applied adding up to the total value of each transaction. Using a credit or debit card may significantly add to the overall cost of each transaction. With a discount for cash program, however, businesses get 100% value of each transaction and even the customer doesn’t have to pay a penny above the exact worth of the merchandise purchased.
In short, the discount for cash programs is mutually beneficial for the merchants as well as the customers. The program is just ideal for businesses that sell low-ticket items as they pass their merchant processing fees directly to their customers. Payment USA offers discounts for cash services to businesses interested in this program. Among the many benefits of discount for cash program, some include:
- No longer would you need to worry about paying the processing fees again. Get rid of the stress of paying processing fees with a discount for cash program.
- Your customers are also free from the burden of paying processing fees for each transaction they make at your store, so they will likely come back to shop at your store whenever they need it.
- Customers have more payment options. Those who want the cheapest prices possible can go with the cash payment option and those who want to earn rewards on credit card transactions (provided the rewards outweigh the acceptance cost) may proceed with credit card shopping. So, they can shop the way they like – cash or cashless.
- With Payment USA’s easy to implement a discount for cash service, you can switch from credit card to cash. You will get the signs for your store as per the law and our experts will make setting up your terminal breeze.
- Non-cash adjustments don’t include tips. If you are in a business that accepts tips, the customers or merchant (business owner) don’t have to pay any additional charges.
- No need to switch processor! Yes, when you don’t pay anything to the merchant service provider, you can continue using the account for your business’s lifetime. In other words, you can maintain your merchant account literally at zero cost, thanks to the discount for cash program.
Depending on your processing volume per month, free and free POS systems are also available. Furthermore, there is no hidden fee. Contact our experts at Payment USA to discuss about discount for cash program for your business right away!