Cash Discount Program - Bay State Merchant Services

cash discount Processing

the "save 90% program"

If you include the cost of taking credit and debit cards into the pricing of your products or services, cash customers are in fact helping to offset the cost of other customers using payment cards. However, with cash discount processing, you can begin to reward cash customers, and furthermore, because of the savings incentive, you will likely see an increase in cash paying customers.

Credit card companies have held merchants hostage for years; however, the rules have changed.

Now you can pass credit card fees on to credit using customers and recoup 90% or more of Visa, MasterCard, and Discover merchant processing fees.

Your business will dramatically reduce operating costs, allowing you to increase your profit margin. The “Save 90%” program allows you an out-of-the-box solution, with minimal training and setup.

“Gas stations in many states have been offering discounts to cash customers for years, but most merchants felt hamstrung by consumer protection laws and card brand rules that discouraged the practice.

That all changed in Congress with the Durbin Amendment to the Dodd-Frank Act, which in addition to requiring the capping of debit interchange, it also gave merchants the go-ahead to offer discounts or other incentives to customers using certain payment methods (like cash or check).” – Patti Murphy, The Green Sheet, September 2018

Give us a call, or simply fill out the contact form here and we’ll be in touch to explain EVERYTHING!

800.929.9973

Merchant Spotlight Series

bay state merchant services

“We love our merchants, and we thank them for not only trusting us to handle their payment processing, but for their entrepreneurial spirit, work-ethic, and the boost that they give to their local economies.

We believe that helping to promote their business is just another way that we at Bay State Merchant Services can express our gratitude for all that they do for the community.”

“I own and operate the Au Sable River Queen in Oscoda. Since I implemented the cash-discount program I have had no complaints. Even the isolated comments I get are positive. I’m thrilled I will never pay a credit card processing fee again.”

Laurie

Owner/Operator

Cash discount testimonials

“After years of paying excessive fees to credit card companies, we finally implemented the cash-discount program. We were hesitant about customer reactions and we were pleasantly surprised how well the program worked! Instead of raising prices we now put $1,200 back in our pockets, that’s almost $15,000 a year. The customers that did not want to pay the additional fee simply paid cash and now everyone is happy. I highly recommend this program.”

Josh

Owner of Ki Cuylers Sports Bar and Grill

“The biggest fear was what my customers might say? After three months, only one person mentioned it and they paid cash! With my savings, I finally get to vacation and I gave two employees a raise.”

Dave

Owner of Tacos e Mas

Q. How does cash-discount work?

A. A customer presents a credit card to make a purchase. When a credit card is swiped, our terminals (1) automatically applies the non-discounted fee to your discounted cash pricing; (2) prints a receipt showing the discounted cash price with the non discounted fee added; (3) we then deposit the entire full cash price (100%) into your account as though it was a cash transaction, and the non discounted fee is retained.

Q. How will customers react?

A. Your customers will be encouraged to pay CASH to receive the DISCOUNTED price. They understand that credit and debit cards are more expensive to accept than cash and are used to paying more if they pay their taxes, utilities or tuition with a credit or debit card. When faced with a discount, many consumers will switch to paying with cash. Others will stick with their credit or debit cards and pay the regular price.

800.929.9973