Cash discount processing with Swipe It Pro allows merchants to eliminate up to 100% of their processing fees by adding a small service charge to the credit card transaction at the point-of-sale, or fully discounting that service charge if a customer pays by cash. Cash discounting is legal in all 50 states and SIP uses patented cash discount technology to service its merchants.
“Though cash discounting has been available for several years now, most merchants have not heard of it until recently. But once they understand the value, like saving hundreds of dollars per month in processing fees, or more, it’s really a no-brainer,” stated Anthony Martin, Swipe It Pro's Chief Financail Officer.
Said Chris Corey Nationa lSales Trainor, “For a sales person, the cash discount conversation breaks down the ‘rate’ barrier. So instead of talking about the few basis points they may be able to save a merchant, a sales rep can just talk about eliminating fees. And the attrition rate for merchants using cash discounting goes down significantly. Think about it: what merchant wants to go back to paying hundreds of dollars per month or more in fees after not paying anything? Not to mention the revenue opportunity for the sales person, typically three times that of a merchant not using the product.”
Set-up for a merchant is easy Swipe It Pro provides all the needed signage for a merchant to be compliant and transparent, from point-of-entry to point-of-sale. Thousands of merchants around the country are offering a cash discount and reaping the financial benefits. But should a merchant decide the product isn’t for them, Swipe It Pro will, without penalty, put them back on a traditional, fee based model. For more information, please call Chris Corey at 810-308-0872, email@example.com or visit Joinpaylo.com/swipeit