Cash Discount

A lot of small business owners have a love-hate relationship with payment processing. Sure, it helps them make money, but it also costs money. Merchants all across the US are now giving discounts to customers who pay with cash. Merchants display sign in their store that there will be a small service fee added to their credit transactions. If the customer chooses to pay with credit card, the service fee they pay will be used to cover up to 90% of the merchant’s processing costs.

Will a merchant lose business? While Cash Discount is quickly becoming standard, there are still some customers who will have an objection to paying a service fee. However, studies have shown that customers do not change their spending behavior, meaning that people who usually pay with cards do not start paying with cash. 99.2% of the customer do not even ask about it. Elevate Payment Alliance understands the importance of your customers. We can provide examples of merchant’s volume who were on standard credit card services and who moved to Cash Discount and saw no loss in business. We also give you a month to month credit card services agreement allowing you to try Cash Discount risk-free and see for yourself. Elevate Payment Alliance’s Cash Discount program can save your business thousands per year putting money back in your pocket. Contact us for a free proposal for your business and see how much you can save.

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