Take home 100% of your revenue by eliminating credit card processing fees.
Tell your consumers they can get a discount of up to 3.95% by paying with cash.All you need to do is put a sign that says you offer a cash discount at your business and you are good to go!
By offering cash discount you can pass the cost of accepting credit/debit cards to the card holders. It’s quite simple. A simple sign that’s provided by us will notify all your consumers that you are offering a cash discount.
No setup costs
Cancel anytime. No Fee.
Same Day Installation
Receive your money same day, even on weekends & holidays
24/7 365 Support
We Work With Most Point of Sale Systems.
Through our cash discount program, we help create a Win-Win situation for you and your customer both!
Keep 100% of your revenue.
You keep 100% revenue by virtually eliminating your credit card costs. Customers can avoid paying even the minimal credit card fee by taking advantage of cash discount.
No change in how you accept credit cards.
Nadapayments customized solution is designed to work with all EMV terminals. Just plug in the machine and you are good to go!
Simple steps to get started with the Cash Discount program:
Put up our Cash Discount Notice where customers can easily see it.
Get our application Installed on your EMV terminal.
Tell your customers they can save up to 4% on every transaction if they pay by cash.
FAQ
Not really, many Business in the United States offer lower prices to customers who are willing to pay by cash. The practice is very common at gas and service stations all over the country.
Yes, in all 50 states, it is legal. In fact, –Dodd-Frank act prohibits payment card networks “from inhibiting the ability of anyone to provide a discount for payment by cash, checks, debit
cards, or credit cards.”
Please visit New Rules on Electronic Payments Lower Costs for Retailers for more information.
Cash discounts are different from credit card surcharge, which is currently not allowed in 10 states. Offering cash discount is a business owner’s lawful right. It allows them to reduce the price of a product or service sold at their very own store at their own discretion.
Credit Card companies charge a certain fee to their merchants on every transaction they make on an EMV terminal. If a customer buys a $100 product on credit card, the retailer will be charged a 2-4% processing fee by credit card networks like VISA or MasterCard for processing that transaction. By posting a sign on their wall that notifies customers about ‘cash discount’, retailers are not responsible for the processing fee. Customers get a choice of either getting a discount by paying cash or pay another 2-3% in order to use their credit card to make the purchase.
Almost. A few merchants may still see small amount of fees due to variations in the interchange prices. Even after these small variations, the savings are huge and range between 95-100%. At NadaPayments, your bill will be set up according to a structure that uses daily discounts. This means that your fees will be deducted every day, and your monthly statement at the end will show a balance that is equal to almost-zero in processing costs. There will be a slight subscription fee, which will be associated to your participation in this program.
Businesses that follow this model have not reported any drop in their sales. In fact, customers want to save time and money they spend by going to the ATM, standing in queue and taking their cash out. The ATM fee can go up to 5%, which is more than what customers would pay for a credit card transaction at the store. If marketed properly, cash discount offer can play an important role in increasing your product sales.
