Looking back over my extensive 50-year journey in the world of credit card processing, I’ve witnessed a tremendous transformation. One standout has been the rise of cash discount programs. Businesses are now passing on credit card processing fees to customers, a practice that’s gaining wider acceptance. The caveat? Making it rewarding for both _customer_ and _business_.
How is it done? Enter #RoyaltyCashDiscount, an innovation I wish had been there when I started out decades ago! It allows business owners to enjoy 0% in processing fees.
Here’s what you need to know:
When a customer pays by credit card, the processing fee is added to their bill. However, if they pay with cash, they receive a discount equal to the processing fee. Hence, the term ‘cash discount.’ It’s win-win. As a business, you save on fees, while rewarding your customers choosing to pay with cash. 💼💵
But, what happens with the fees paid by the customers using credit cards?
Here comes the best part. At the end of each month, all the processing fees accumulated from credit card payments get returned to the business in the form of a ‘royalty check’. Yes, you heard it right—a ‘royalty check’. 💰👑
As an expert with half a century’s experience, I welcome this innovative approach. It’s shifting the narrative and transforming the way businesses handle credit card processing. But more importantly, it’s creating value for customers at the same time.
It’s no longer a world where business owners feel the squeeze of processing fees. This is the age of ‘zero’ processing fees. This is the age of #cashdiscount. And this is definitely the age of getting your credit card processing fees back in royalty checks. 👑💰
I’d love to dive into this further if you have questions or want more details on how to implement this program in your own business–drop a comment below!
Embrace the evolution. #PaymentEvolution.https://oaidalleapiprodscus.blob.core.windows.net/private/org-61jAhWZtGlFya4boPAmZOSC1/user-CQxZ8zTzCwOLjKxuEYYG2n1c/img-2o2lp2bQLajJYi9zASXxLYs8.png?st=2024-11-13T14%3A48%3A57Z&se=2024-11-13T16%3A48%3A57Z&sp=r&sv=2024-08-04&sr=b&rscd=inline&rsct=image/png&skoid=d505667d-d6c1-4a0a-bac7-5c84a87759f8&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2024-11-12T20%3A01%3A56Z&ske=2024-11-13T20%3A01%3A56Z&sks=b&skv=2024-08-04&sig=FrjB0Tjv7En526W7X0h37NmEweJPYiEP0cb/IWaOv9Q%3D
