Better for Business, Better for Customers
The immense difference brought about by our innovative business programme makes it hard to dispute or ignore the startling prospects of a cash discount program for both retailers and their customers. Benefits include:
- Reduced Fees: The most obvious benefit is reducing or eliminating fees associated with credit cards usage. Merchants are able to reduce processing fees that cut into their profit margins and consumers avoid credit interest rates on small purchases.
- Simplicity: it’s primarliy the simple, hassle -free and straightforward appeal of a cash discount programme that renders it so attractive and accessible for employees and customers alike to understand. Since all items in the store are priced with a built-in service fee that is deducted if consumers pay with cash, pricing disputes, interest rates, processing fees, charge backs and other complicated accounting items can be drastically reduced for all parties.
- Less Debt: Last but not the least, Merchants are able to capitalise on more profit as reduce credit card charge offs. Consumers are also less likely to build up significant credit card debt if offered a discounted cash option.
With a wide variety of payment options, credit card processing can be an encumbrance more so for businesses with minimal budgets. In such stringent situations, cash discount programmes can prove a moderating influence for Retailers seeking to cut down fees that impinge their profit -making potential while ensuring affordable prices for customers.
To learn more about how a cash discount program can benefit your business, contact us today.