Yes! While traditional credit card processing involves paying fees to card networks, banks, and processors, there are legal ways to process credit cards without paying those fees yourself. Here are a few options: Cash Discount Programs – Instead of charging a fee for credit card transactions, businesses offer a discount for customers who pay with cash. This is legal in all 50 states when...
Yes, zero-fee credit card processing is legitimate when done correctly and in compliance with state and federal regulations. It typically works through either: Surcharging – The business passes the credit card processing fee to the customer at checkout. This is legal in most states but must follow strict rules set by card networks (Visa, Mastercard) and state laws. Businesses must provide...
As a small business owner, avoiding credit card processing fees can save you a lot of money. Here are some strategies to eliminate or reduce these fees: Implement a Cash Discount Program Offer a discount to customers who pay with cash. This is legal in all 50 states when structured properly. The advertised price is the "cash price," and customers who use credit cards pay the standard price...
Yes, you can pass credit card fees to customers, but there are rules and regulations you must follow. The two legal ways to do this are surcharging and cash discounting. Cash Discounting (Encouraging Cash Payments). Legal in all 50 states when structured correctly. Instead of adding a fee for credit card payments, you offer a discount for cash purchases. The posted price is the "cash price," and...
The best credit card processing option for your small business depends on factors like transaction volume, average ticket size, and whether you want to avoid processing fees. Here are some of the top options: Best for Zero-Fee Processing Fees No More – Helps small businesses eliminate credit card processing fees through cash discount or surcharge programs. If you’re looking to avoid paying...
Yes, zero-fee credit card processing can be a great idea for many small businesses, but it depends on your business type, customer base, and how you implement it. Pros of Zero-Fee Processing. Eliminates Credit Card Fees – Saves your business 2%-4% per transaction. Boosts Profit Margins – More revenue stays in your pocket instead of going to payment processors...
Yes, you can charge customers a credit card fee, but you must follow specific rules to stay compliant. There are two legal methods to do this: Credit Card Surcharging (Adding a Fee to Card Payments). Allowed in most states ( NOT legal in Connecticut, Maine, Massachusetts, and Puerto Rico). Must notify Visa & Mastercard at least 30 days in advance before implementing...
In today's fast-paced, digital world, the way we handle transactions has evolved tremendously, particularly within the restaurant industry. Credit card processing stands out as an indispensable tool for modern dining establishments, offering a myriad of benefits that enhance both operational efficiency and customer satisfaction. Here’s why credit card processing is vital...
