Keep your money. Eliminate your processing fees.
With our Cash Discount program, you can completely eliminate your processing fees.
What is a Cash Discount Program?
A cash discount program is a type of credit card processing that includes the cost of acceptance in the price for customers who choose to pay with a credit card or debit card while also offering a discount to those who pay with cash. Cash discount merchant services allow business owners to continue to accept all major credit cards, but without the loss of 3-4% in fees.
Cash discount processing is gaining in popularity in the United States, but if you think about it, you’ve probably seen them around for decades. Gas stations have used cash discounts on the price of gas for many years. If you pay with cash, it costs a little less per gallon. If you pay with a credit card or gift cards, the cost is as listed on the sign and on the pump.
Increase your bottom line
Our cash discount program implements directly into your current system, allowing you to eliminate processing fees with no hassle.
The Cash Discount Program provides a seamless user experience, while following card brand guidelines from Visa, Mastercard, Discover, and American Express for both card-present and card-not-present credit transactions.
Frequently Asked Questions
A cash discount program and a surcharge program are both payment systems that businesses use to recoup the merchant services fees that are charged each time a customer presents a credit card as a form of payment. A surcharge program adds on an additional fee at checkout to cover the merchant services fees. A true cash discount program gives the customer a discount for cash payment by avoiding any additional costs.
In many establishments that offer a cash discount program, the regular price or posted prices on each item are prices for credit card payment. Any payment card method other than cash keeps the price of goods the same to cover credit card processing costs, but using cash will reduce the cost by up to 4%. With our cash discount credit card processing, your customers will love you. When it comes to offering a credit card surcharge vs cash discount, which will your customer appreciate more? No one likes to feel nickeled and dimed with added fees (isn’t that why you’re here?), but everyone loves a discount.
Not at all! With Gold Standard’s Cash Discount program, we can integrate with almost every technology. We also have multiple POS and terminal options if you are looking to upgrade.
If you are tired of an unpredictable processing bill every month, want to completely eliminate your processing fees, do not want to be locked into a long-term commitment, and need customer support that is efficient and fast; this program is perfect for your business.
E-commerce businesses can also benefit from a cash discount program. While cash discount programs are typically deployed for in-person transactions, many payment gateways and e-commerce systems can accommodate cash discounts too. Although you can’t take physical cash, you can offer your customers a discounted price for using ACH or electronic checks (e-checks) for payment, similar to how you can offer a discount for cash payers in person.
Are you overpaying in fees?
Get in touch with one of our Payment Processing Specialists to learn more and get a free evaluation on how much you could save with Gold Standard Processing.