By now, you’ve probably become aware of the rising popularity of Cash Discount Programs as a way to offset your merchant service fees. A Cash Discount Program is a method of implementing a service fee to all customers who pay with a card, while providing a discount to those who pay with cash. Cash Discount Programs are legal in all 50 states per the 2013 Durbin Amendment (part of the Dodd-Frank Law), which states that businesses are permitted to offer a discount to customers as an incentive for paying with cash. While this fee surcharge program has been used by gas stations for years now (displaying cash prices), there is still confusion on how to implement a Cash Discount Program the right way.
Our Cash Discount Program is a way for your business to pass on credit card fees as a fee surcharge, and we are a compliant processing provider that offers a turnkey solution. We comply with all the rules and won’t lock your business into a long-term contract.
Our Cash Discount Program merchant experts will help set this up for you and the best part is the cost is only $7.00 per month per account. We have advanced Clover and other terminals for use at stores and offices. Plus we have convenient mobile Apps. for salespeople and agents to charge credit and debit cards in the field. Finally, we have dynamic dashboard programs to track and sort all activity along the ease of applying additional charges and/or refunds.
Credit Debit Processing has 25 years of merchant experience in the credit & debit card processing industry that allows us to offer professional guidance for your business. Please contact us and we can provide you with all the information you need to make a cost saving decision, and to sign up for our Cash Discount Program that is sure to save you thousands of dollars without a long term contract.
Contact Bancard Midwest at 952-461-1200 today to increase your profit margin!