Looking for ways to free up revenue for other aspects of your business? NuWay Business Solutions, a Chicago-based business consultancy, has a new report on how local entrepreneurs can save thousands on card processing fees with cash discount programs. Learn more at https://nuwaybizsolutions.com/2022/02/01/cash-discount-4-ways-to-achieve-optimal-cash-flow-with-a-cash-discount-program
How Can Cash Discount
Programs Help Chicago
Merchants Cut Credit
Are you looking for ways to increase your business's
sustainability and growth? NuWay Business Solutions
could help you out!
You'll learn how to avoid credit
card processing fees and
enhance your business overall
with cash discount programs.
The new report will educate you about how you can use these discount
programs to encourage your customers to pay in cash, which reduces your
risk of chargebacks and avoids many card processing fees.
This latest report explains that the credit
card fee, which is already included in the
price of each product, can be eliminated
in form of a 4 percent discount for
customers who pay in cash.
It is important to stipulate this on the receipt to stay
compliant with legal regulations.
The most common method of
processing credit cards is
interchange plus, which makes
you responsible for card
These fees total about 4 percent of each purchase. In addition, you're
responsible for chargeback fees of as much as 15 to 40 percent of the
disputed transaction value.
According to the report, with cash
discount programs, your monthly
credit card fees could be reduced
by as much as 92 percent!
You may be more familiar with a similar program
However, unlike surcharging, which is
prohibited by credit card companies,
an appropriately designed cash
discount program won't cause you to
run afoul of credit card company
Cash discount programs help you improve your cash flow
and they are easy to implement.
They give you significant savings
on processing fees, decrease
chargeback cases, and allow
immediate access to sales
Find out more at the link in the description!