Cash Discount
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
Hey, tell me if this sounds familiar. Every month you get a bill for your merchant account and every month you pay a large chunk of money for the privilege of accepting credit cards from your customers. That's the way it's always been. But this needs to change and it can with a payment mode called cash discount. No fee applies when your customers pay by cash or check. But the minute they pull out a card, they start getting into your wallet. Cash discount is a way of restructuring your merchant account. So the card holder pays that fee, not you. This is not surcharging but cash discount. In essence, you'll be offering a discount to clients for paying the sale price with cash or check but not to customers paying with credit card. They'll agree to pay a nominal 4% fee for the privilege of paying with card. The savings for you will be significant. Take this cost comparison for a merchant doing almost $35,000 per month in business. Whereas with the traditional merchant account, their fees would exceed $1800 with cash discount. Their fees could be zero. The initial cost of the merchant is offset by the card holder contribution yielding an average net effective rate of zero substantial monthly savings translate into huge annual savings. What would you do with that extra money back in your pocket? You might think this would prompt shock and outrage from your customers, but it doesn't, most customers understand and don't think anything of it. They simply pull up their card and pay. If anyone objects, you have the discretion to bypass the non cash fee on a case by case basis and assume the minimal cost yourself. The beauty of our cash discount is this flexibility coupled with free equipment and no binding contract next day funding and gold level service to get all your issues handled promptly. Our next step would be to perform a cost analysis for your business. Let us show you what cash discount can do for you, contact us immediately and we'll do a detailed before and after to document your potential savings. Thank you.