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.

What Is Zero-Fee Payment Processing? How This Helps Merchants Save Big on Processing?

Zero-Fee Payment Processing:

The processing solution where credit card processing fees are automatically passed over to customers is either known as “no cost” processing or zero-fee processing. It can as well be defined as no-fee cards processing where a businessman smartly offsets their cost of processing by offering a cash and a credit price to their customers. Expect in a handful of states, zero credit card processing is becoming one of the fasting growing programs as businessmen are offered with the opportunity to cover their processing overhead, while still maintain low prices. The process not only proves to be the best credit card processing solution but as well quite pocket friendly, as it removes up to 100% of credit card processing fees.

Zero-fee payment processing can be categorized under two types of approaches –

1. Surcharge Model:

This approach is basically designed for organizations and trades that accepts card payments either through a central office or a website. Since the model follows the actual bankcard law approved by the federal court, to be amenable, a business has to get registered with a main credit brand completing all signatures and notifications. Surcharge model is also known as Zero Cost Credit and is acceptable in 42 states, including New York.

2. Cash Discount Model:

This approach is meant for retailers who accepts face-to-face credit card transactions and is known as Zero Fee Cash Discount program. In this model, a business need not get itself registered with any main credit card band and all prices are paid off either in check, cash or ACH. The process is acceptable in all the states.

The Ways in Which It Benefits Businesses:

Zero credit card processing can benefit small business to a great extent. To generate business sale and enhancing profit is the major concern of all businessmen. And since no-fee cards processing allows businesses to create multiple payment options, a businessman can as well avail the opportunity of increased foot traffic, leading to more sale and profit. Due to this new method of credit card processing solution, customers can pay through their card transactions, which allows businesses to save in bigger amount by reducing monthly processing cost. The method as well creates lots of conveniences for both, the merchant as well the shopper, to make and accept easy payments. However, businesses with greater risks should not be a part of this payment process.