North American Bancard: CASH DISCOUNT PROCESSING

Credit card processing has become increasingly expensive for merchants, especially small businesses who have tighter budgets and should not bring in as much revenue as their larger competitors. By accepting credit cards, businesses face the financial burden of interchange fees, otherwise recognized as swipe fees. On average, swipe fees range from 1-4% and over time, can significantly turn profits into a loss for smaller businesses.

HOW DOES IT WORK?

Cash Discount Processing - may be a unique payments approach that's fully integrated into North American Bancard Agent Program. No processing fees bill at the end of the month. Fees are taken out daily, so the money you collect in fees never hits your bank. You keep the full $ amount of items sold + sales tax. We set a flat processing rate of 3.5%. This covers and includes all monthly fixed fees, statement fees, batch fees, or any other charges that you would normally be billed by the processor. North American Bancard Agent Program will print an in depth customer receipt with a complete of products and services purchased with the flat rate included, and a lower cash discounted total below that does not include the flat rate processing fee if the patron pays cash. So at the end of the month you have continued to take credit card payments but you pay no fees!

COMPREHENSIVE REPORTING

Discount Cash POS solution we also prepare daily, monthly, quarterly, and annual comprehensive report.Reporting that takes into account for taxes and tips in conjunction with non Cash Adj. fees on Credit Card transactions, giving you a proper legal accounting solution. Other basic auto surcharge type solutions create unnecessary and time consuming manual accounting adjustments backing out the surcharges from tips and taxes.

IMPLEMENTING ANAUTHENTIC AND SUCCESSFUL CASH DISCOUNT PROGRAM:

CASH DISCOUNT SIGNAGE

To implement a very successful cash discount program, a merchant must overcome the confusion and questions consumers and employees have surrounding a cash discount program.

At a minimum, a merchant is required to supply a minimum of one point of notification prior to sale that there's a service charge applied to all sales and a discount given if a cash payment is made. Multiple points of notification are recommended – like at the door, register of the shop and throughout the establishment if needed.

Contact North American Bancard Today

If you have any questions or want more details on the North American Bancard Agent Program contact Shaw Merchant Group at 855-200-8080. We can discuss the Best Merchant Services Agent Program for you!

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nazmul Joined: September 9th, 2019