You can eliminate the credit card fees and get a credit discount by using a program for such discount. With the help of Swype Fast, you can get this discount. It has a very quick and easy program through which the total revenue can be collected without losing out on any amount in the form of processing charges.
Apart from this, Swype Fast can now incentivize the cash payments. Once you have applied and the application gets approved, you will receive a welcome kit, a 24*7 customer service from the experts, and a signature, which is custom-made for giving it to your customers. This signature gives a notice to the customers about the required cash discount. Many industries are using Swype Fast for processing credit cards with zero fees. Some of the users of Swype Fast are:
- Gas stations
- Retail stores
- Nightclubs and bars
- Services and auto dealers
- Wellness and healthcare services
- Professional and legal services
Credit discount program
Now, let’s discuss how you can be benefited by it. If you are a merchant, you can offset a part of the amount or the total amount of the fees. This can be done without any increase in the overall rates. The rates, which you post, become the actual rate for your customers who pay in cash.
It is an ideal discount for businesses that have fewer ticket sales because it passes the processing fees to the customers. Moreover, it is legally right. This discount program operates under the guidelines of MasterCard and Visa. Here, are a few advantages of this discount program:
Zero processing charges
Using the credit discount program, merchants can get rid of almost 100% total processing charges by adding customer service charges on all their sales. This is done by another way to offer a discount program to such customers who make payment in cash.
It is not similar to surcharging
A thing which differentiates a credit discount program from surcharging is that in a discount program the customer is not overcharged when he or she makes a payment using a credit card. But the customers who choose to pay in cash would receive a discount. So surcharging and credit discount program is different.
A great marketing tool
Credit discount is a great marketing tool for businesspersons as it can attract more customers. Every customer likes getting discounts so they can be attracted using this scheme of discount.
Owing to all these reasons, most merchants like the credit discount program because by using it they can get rid of total processing charges. The basic information about a credit discount, which is also known as a merchant cash discount program, is given above.
A merchant cash discount program is a very efficient and cost-saving program for the seller and buyer alike. The seller can also give a few extra offers as now the card processing charges get saved or eliminated. Using it as a marketing tool, sales can also be increased.
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