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Cash Discount Merchant Account

Reduce and even eliminate your merchant account processing fees with a compliant cash discount program. Our programs allow you to accept credit cards in a retail environment as well as online or mobile with a 100% compliant program.

Accept all major credit card brands and increase your revenue at your business. Process payments online, in your store or retail location, through a virtual terminal, via invoicing, or on mobile without the high credit card fees.

Accept Payments With a Cash Discount Merchant Account

Smart retail merchant account solutions and access to industry leading credit card terminals and point of sale equipment.

EMV & NFC Enabled

Here’s what you get access to:

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Dejavoo Z8 Credit Card Terminal

This terminal is EMV and NFC enabled terminal allows you to accept swiped, dipped and key-entered transaction with the compliant cash discount program.

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Flat Rate Pricing with No Rate Increases

Gives you a simple flat rate that is passed on to your customers and our technology simply automatically assesses the fee at the time of the sale.  (pricing is based on average ticket and will either be a flat rate of 3.50% to 3.99% or a flat transaction fee ranging from $0.80 to $0.99 per transaction)

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Complimentary Access to Reporting Dashboard

The account comes with a reporting center that allows you to view statements, batch reports and transactions in real time.

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EMV Capatible Terminals and Equipment

You can accept chip cards, contactless payments such as Apple Pay or Google Pay.

Secure Transactions with Cash Discount Payment Processing

Ruling by federal courts has allowed business owners to combat high credit card processing fees through the use of cash discount programs. The Frank-Dodd Act and the Durbin Amendment states that all business owners now have the right to offset credit card processing fees with either a surcharge or a cash discount program.

The Compliant Cash Discount Solution

Cash discount programs have to be set up the right way, and our program is patented technology. There is a difference between cash discount programs and surcharge programs and federal regulations allow compliant cash discount programs in all 50 United States.

Cash Discount Program FAQ’s

What is a cash discount program?

It’s a special type of merchant account that lets businesses pass the cost of credit card acceptance on to their cardholders.

How does the program work?

When the purchase takes place, a small customer service fee is applied to all transactions. If the customer pays with cash, this fee is removed.

Is it legal to have a surcharge on credit card purchases?

Generally businesses can charge less when accepting cash but the key difference is in surcharging vs. discounting for cash.

How is the fee charged?

The special point of sale equipment does all the work for you.  The customer service fee is automatically charged at the point fo sale so you don’t need to any manual work!

What types of businesses can participate in cash discount?

Nearly any type of business can offer a cash discount program as long as approval is granted.  (approval is required for all accounts)

Is it allowed in all 50 states?

Cash discount is federally legal and allowed in all 50 states. (cash discount programs are a different program than surcharging which does have some limitations)

Accept Payments The Way You Want To

All of these merchant account types can be set up and tailored to fit the needs of your business.  Your business doesn't have to fit exactly into one of these solution types, we can customize and blend different processing account types to fit your needs.

Retail Merchant Account

This retail payment system allows you to accept credit card payments in your retail store with a dedicated credit card terminal.

Online Merchant Account

This online payment system gives you a virtual terminal and a hosted payment page customized to your business!

Mobile Merchant Account

Start accepting mobile payments with iOS and Android compatible mobile apps that accept EMV chip cards and traditional stripe cards.

POS Merchant Account

A power tablet based point of sale system equipped to handle your inventory and all retail payment processing needs.

Schedule a Free Consultation

There are lots of options when it comes to setting up a merchant account or payment processing system so if you’d like to talk with one of our specialists about your needs, click below to do so.

Get in touch

1075 Broad Ripple Ave
Suite 340
Indianapolis, IN 46220

866-411-1656

info@bancardsales.com
brian@brianmanning.co