How to Save 100% of Credit Card Processing?

Credit card processing can be expensive, especially for startups, who find it difficult to conclude on the credit card processing company that will give them maximum financial benefits. Most of the small businesses wish to offer best service to each of their customer but without bearing the burnt.  Eventhough these businesses want to offer both, credit and debit card facilities to their consumers, the one thing that constantly bothers them is the fee and the contractual terms they need to accept in order to avail credit card services. And this can be really annoying at times, particularly when a businessman wants to reap maximum profit while providing the best to his customers. Thus, the concept of zero credit card processing got introduced.

If you are new to this and wondering whether it is safe to use, let me assure you that zero credit card processing is completely legal in all the 50 states of the United States. The process will save you from paying the merchant fee by making the customers pay for you. Now isn’t that interesting!

In order to avail zero fee merchant processing service, a merchant has to get in touch with a cash discounting credit card service provider. Once a merchant signs up all the required documents and becomes partner, the service provider will help the merchant to discount all their goods and services for purchase with cash. If the consumer chooses to pay with a credit card, the pre-applied discount is removed at the time of the transaction and reflected on their receipt as a “non-cash charge”.

When a customer uses a credit, even s/he as well agrees to pay the amount. It is not that the processing fee is taken from a customer without his/her consent. As soon as a customer swipes his/her card, a notification is received from the terminal about the fee. Then the customer is given a chance to decide whether s/he wants to proceed along with the fee or wishes to make the payment through other payment options. Once the customer covers the fee, the merchant receives 100% of the sale. 

So if you are really seeking to save 100% of credit card processing, avail zero credit card processing and take control to save thousands back into your pocket. This is no doubt the most effective and efficient solution to process credit card transactions, allowing you to put your money back into where it actually belongs.

3 Reasons to Switch to Zero Fee Merchant Processing

You must be already aware of the fact that you need to pay an interchange fee whenever a customer pays with a credit card. And this interchange fee is not only the most expensive component of a credit card processing costs but is as well non-negotiable. However, nowadays there are few credit card processors who offer “zero fee” merchant processing as an attraction for businesses towards their services. Although, the offer seems lucrative and tempting, there are a lot of fine prints involved, which needs to be understood very carefully, before signing up for one. So, let’s comprehend what zero fee merchant processing is and how it can be benefiting?

Definition of Zero Fee Merchant Processing:

Also known as “no cost” processing, zero fee merchant processing is a service solution where credit card processing fees are passed over to the  customers automatically for payment, instead of the merchant.

In the United States, this system of passing over the processing cost to customers is permissible in all, except in 9 states. Although no cost processing is available with traditional processors also, some companies have started creating business with it, by offering it exclusively.

Benefits of Zero Fee Merchant Processing:

1. Saves Money:

Even though credit card processing fee is not that high for merchants, when added up annually, it does become a good amount. However, when the charge is switched to customers, the merchant can save thousands of dollars by eliminating not only the processing amount but as well monthly and yearly fees.

2. Next Day Funding:

With the help of zero fee merchant processing service, a merchant can receive his/her funds deposited into his/her bank account directly, as early as the next day.

3. Hassle free Processing:

The process of payment becomes easy and smooth with the help of zero fee processing program. In other words, the service allows a merchant to accept credit card payment without having to incur any cost.

How to Switch to Zero Fee Merchant Processing?

In order to avail zero fee merchant processing service, a merchant has to get in touch with a cash discounting credit card service provider like the Reverse My Fees. Once a merchant signs up all the required documents and becomes partner, the service provider will help the merchant to discount all their goods and services for purchase with cash. If the consumer chooses to pay with a credit card, the pre-applied discount is removed at the time of the transaction and reflected on their receipt as a “non-cash charge”.