Elite Payment Processing

Get In Touch
877-330-3313

Get In Touch: 877-330-3313

Eliminate Your Credit Card Processing Fees

Credit Card Fees
28 %

Elite Payment Processing will enable your business to accept credit cards without paying merchant service fees.

Our Program Will

FREE CREDIT CARD TERMINAL

The Cash Discount Program includes a FREE Credit Card Machine.
Call Us Now 877-330-3313.

Dejavoo QD4 is one of the newest countertop touch screen terminal available on the market.

KEY FEATURES:

  • Ethernet or Wi-Fi
  • PCI PTS Certified
  • Takes EMV, Magstripes, and NFC/Contactless payments
  • 5.5” Full Color LCD Touch Screen
  • Supports On-Screen Signatures

We Work With The Best.

 

 

Is your Business Drowning in Monthly Fees?

Start Accepting Credit Cards for FREE and Eliminate Your Processing Fees Now!

Why Use Cash Discount Programs and Surcharge Programs?

Discount Programs to Consider

On average, business owners in various industries can lose between 2-5% in credit card processing fees for every transaction they make.

Cash discount programs have been around for years, but they are significantly increasing in popularity and are a great way for business owners to recoup the majority of the processing fees they are used to paying.

For example, gas stations have implemented this program on their prices for over 15 years. You may have noticed the cost of gas will be less money when you pay with cash versus paying with a credit card which uses the listed price.

 

Definition of Cash Discount

A cash discount program allows business owners to offer a price deduction on goods or services to motivate customers to pay with cash. However, if they choose to pay by credit card, the business can pass along the cost of acceptance to the customers. The customer is then given a choice to pay with cash and save or incur the cost of acceptance themselves.

In other words, it is a method of implementing a service fee to all customers, while giving a discount to those who pay with cash. Our proprietary technology automatically adjusts the pricing and keeps you within the guidelines of Visa, MasterCard, and processor regulations.

Aren’t Cash Discount programs and Surcharge programs the same?

Credit card processing has become increasingly expensive for business owners, especially small business owners, so many are looking for any and all ways to cut their costs while still being able to offer card acceptance to their customers. By accepting credit cards as a form of payment, most businesses incur fees of 2-5% on every transaction, therefore significantly limiting their profits.

As a result, many small business owners are looking for solutions to recoup the majority of these lost profits. An answer to this dilemma was solved back in 2011 when the “cash discount” program was federally authorized in all 50 states. Since then, the program has been increasing in popularity and has been saving merchants hundreds, if not thousands of dollars each month. However, there has been some confusion as to what exactly a cash discount program is and how it differs from a surcharge.

While there are definite similarities between a cash discount program and a surcharge program, there are also a few distinct differences that are very important for merchants to know.

Is it legal to offer a Cash Discount program?

Offering a cash discount program is legal in all 50 states. The legality of passing fees to customers is covered by the Durbin Amendment as part of the Financial Reform Act. As long as the program is properly disclosed to the customer, it is a great way for merchants to save the good majority of their credit card processing fees, which, in most cases, can add up to hundreds, if not thousands of dollars each month.

 

What is a Cash Discount program?

A cash discount program passes the cost of acceptance back to customers who choose to pay with a credit or debit card. For those who decide to pay by cash, it provides a DISCOUNT of that same percentage on the transaction. Customers who choose to pay with a card will pay the marked amount because the processing cost is built into the cost of the item. This allows the business owner to recoup the full amount of the transaction and not incur any credit card processing fees.

For example, a transaction that normally costs $50.00 will now be automatically updated to include a fee of 3.75%, or $1.88. If a customer decides to pay with a credit card, they will pay $51.88 ($50.00 + the fee of $1.88). If they decide to pay by cash, they will receive an instant “cash discount” of 3.75%, bringing the transaction back to the original $50.00.

True cash discount programs will automatically determine the service fee or discount amount depending on the payment type and must present a clear receipt detailing the service fee or cash discount amount. The merchant must also display proper signage at the point of entry and at their register informing their customers they are implementing a cash discount program. If done correctly, merchants set up on a cash discount program can save up to 100% of their monthly processing fees!

 

Call Now 877-330-3313

Our Cash Discount Program offers a solution to rid yourself of those annoying merchant service fees you receive when you process a transaction with a credit card. This can be done by charging a service fee to all your customers but gives a discount to those who choose to pay with cash.

Cash Discount

  • Access New Legitimized Solution
  • Receive Nationwide Coverage
  • Collect All of your Processing Sales
  • Easily Set up and Manage the Program
Save with Cash

This solution rewards your customers who pay in cash with a 3.75% discount.

 

Cut Your Fees

When a sale is made, your processing fees are included and a small service fee is passed onto customers who pay with credit cards.

 

Display Signage

Point-of-purchase pricing and discount signage clearly spell out the process to customers.

 

Get a Better Deal

With the Cash Discount program, you can bring your processing fees close to $0 at the end of the month.

 

Elite Payment Processing has been the most accommodating and fee-sensitive merchant service processor we have used. My business grew from 20,000 monthly transactions to over 100,000 over the last 6 years and Elite has been there to guide us in regards to fees, chargeback tools and advice, added security measures and gateways.
Skip M., EVP
Top Internet Retailer
  • PCI COMPLIANT in all 50 states
  • FREE Equipment
  • Works in store, online, or on the go
  • 24/7/365 support
  • No Contract/No Commitment