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A cash discount program is an innovative method that allows you, as a merchant, to offer your customers a discount on their purchases if they choose to pay with cash or check, instead of using a credit or debit card. By encouraging customers to use cash or check, you can significantly reduce the overall cost of processing credit card transactions and keep more of your hard-earned revenue.
Here's how our cash discount program works:
1) Display clear signage:
We'll provide you with signage to display in your store or online, informing customers about the cash discount. This way, your customers will be aware that they can save money by opting for cash or check payments.
2) Adjust pricing:
You can incorporate the cost of credit card processing fees into your regular prices. This means that customers who choose to pay with a credit card will pay the listed price, while those who pay with cash or check will receive a discount.
3) Easy implementation:
Our cash discount program is simple to set up and integrate into your existing payment system. We'll guide you through the process and provide ongoing support to ensure everything runs smoothly.
4) Compliance:
Our program is designed to comply with all relevant regulations and card network rules, ensuring that you can offer a cash discount to your customers without any legal concerns. We will organize registering your business with the card issuers so that you can focus on what is most important, running your business.
By implementing our cash discount program, you'll enjoy the following benefits:
1) Lower processing fees:
By encouraging more customers to pay with cash or check, you'll reduce the number of credit card transactions, which in turn will lower your processing costs.
2) Improved cash flow:
With more customers paying in cash, you'll have immediate access to funds, reducing potential cash flow issues.
3) Transparent pricing:
Your customers will appreciate the transparency of a cash discount program, as they'll clearly see the savings they can make by choosing to pay with cash.
4) Financial Benefit:
Elevated Payment Solutions has saved clients enough to pay for the salaries of up to two employees since the program has rolled out over 5 years ago.
We're confident that our cash discount program can help you save on processing fees and enhance your business's financial health. If you're interested in learning more or getting started, please don't hesitate to contact us. We'll be happy to assist you in implementing a cash discount program tailored to your specific needs.
