Cash Discount Calculator – Find Out How Much You Can Save!
By 2022, only 11% of in-store shoppers will pay in cash. That’s it. The majority of your customers prefer – and will continue to prefer – to pay with credit card. And that, my friend, is a good thing: it means you might qualify to drastically reduce your credit card processing fees under a cash […]
Qtips: The Truth About Credit Card Minimums
Today, we’re trying something a little different. We’re introducing our “Qtips” series – merchant insights packaged into short, easy-to-read summaries! Think of these as mini blogs that you can read on your lunch break, before bed, or even while you’re waiting in line at the grocery store. Our first topic? Credit card minimums. You see […]
5 Cash Discount Benefits Visa and Mastercard Are Hoping You Don’t Hear About
“Cash discounts are illegal. They don’t work. They only hurt business owners.” That’s what the big credit card companies want you to believe, and you know what, they almost got away with it. Almost. What they don’t want you to know is that it is 100% legal to run a cash discount program. They don’t […]
How to Offset Inflation Without Raising Your Prices
If you could time travel back 100 years, you’d be rich. That $20 bill in your wallet would be enough to send you on a nice shopping spree through town – just imagine how much damage you could do with the rest of your savings! Unfortunately prices don’t stay still; they’re constantly soaring or falling. […]
Cash Discount vs Trade Discount: Which Is Better for Your Business?
Cash discount … trade discount … what’s the big difference? And how is that even relevant to your business? A cash discount is when your posted prices are the prices your customers pay when they pay in cash, while card-paying customers pay those prices plus an extra service charge. On the other hand, a trade […]
How to Steal Away Amazon’s Customers with Your POS System
Amazon is coming for your customers. You might have heard about Amazon Go, the company’s new retail chain that runs without cashiers and cash registers. Customers simply walk in, buy what they need, and leave – all while their Amazon app charges them from their pocket. It’s literally as easy as it sounds. But does […]
A Letter from CEO Jerry Lai – Taking Over the Payment Processor World
Dear Business Owner/ Entrepreneur / Go-Getter, Don’t you want to take your money back from the banks? The credit card payment industry is a daunting and confusing world to navigate. You’ve got the banks, your customers, payment processors, and credit card companies all looking out for themselves – and it’s often the hard-working merchant that […]
How to Implement a Legal and Compliant Cash Discount Program
By now, you’ve probably become aware of the rising popularity of Cash Discount programs as a way to offset your merchant service fees. A Cash Discount program is a method of implementing a service fee to all customers who pay with a card, while providing a discount to those who pay with cash. Cash Discount […]
Determining if a Cash Discount Program is Right For Your Business
If you’re a small retail business such as a liquor store, restaurant, etc. and pay more than $20 for credit card processing, then a Cash Discount program will benefit your business immensely! A Cash Discount program allows you as a merchant to offset merchant fees by passing on the cost to the customer; by incentivizing […]