Edge 0% Dual Pricing / Cash Discounting Program
Need a permanent break from merchant service fees? Businesses have the Dual Pricing option to charge a separate prices dependent upon if the customer is paying for cash or other transactions. This is called a Dual Pricing Program. We call it our, iSmart Payments Edge 0% Dual Pricing Payment Processing Program.
Our new smart terminals automatically assumes the price of each non cash transaction 4% to cover all of the non-cash processing fees just like this is a non cash transaction. EX: a $100 charge typed into the new terminal will show up as $104. The customer is then charged $104 to cover all of the fees. Then the next morning the $100 is deposited into your business checking account. Clean and simple!
Businesses using our Dual Pricing and equipment do not receive any part of the 4% fee as it is the assumed full price before the cash discount. A business can offer a discount to their customers for using cash but you may not increase the cost of using a credit or debit card.
Receive The Competitive 0% Dual Pricing Edge
Offer Customers Dual Pricing A Cash Discount
Funding Options
Edge Dual Pricing Is Only Program That Is Fair To You And Your Customers
Which of your customers currently provides higher margins for your business: cash paying or non-cash paying customers? Cash, right? But are you doing anything now to incentivize these more profitable clients?
Edge 0% Dual Pricing gives you an easy way to reward them for paying with cash. More than half of your customers are going to pay with non-cash tender, so you have had to price all of your products in a way that offsets that cost.
Your cash paying customers are paying the same amount with no benefit. The current system is not fair to your cash paying customers. That is why we invented our Edge Dual Pricing program. The Edge platform is truly fair to all of your customers.
Your business will stand out from the competition by providing them with options. And as you know, customers love options!
Real Life Edge 0% Dual Pricing Savings Chart:
| Standard Merchant Services Per Month | 0%Dual Pricing Processing Per Month |
|---|---|
| Total cc sales: $50,000 | Total cc sales: $50,000 |
| Total transaction fees: 300 X .15¢ ea = $45 | Total transaction fees: 300 X .0¢ ea = $0 |
| Total batch fees: 30 x .25¢ ea = $7.50 | Total batch fees: 300 x .25¢ ea = $0 |
| PCI fees: $9.95 | PCI fees: $0 |
| Statement fee: $7.50 | Statement fee: $0 |
| Total interchange fees: $1,680.05 | Total interchange fees: $0 |
| Grand total processing cost: $1,750 Monthly | Grand total processing cost: $0 Monthly |
| Yearly Processing Cost: $21,000 | Yearly Processing Savings: $21,000 |
Many Benefits of Dual Pricing!
Consider this, if you did not have processing fees anymore, how much would it add to your bottom line? A lot, right! Here at iSmart Payments, we have a smart solution for your business that will eliminate 90% + of your processing fees. Just imagine how much your business will be saving would be year after year. We do this with implementation of our Edge 0% processing platform.
Eliminate:
√ Processing Fees.
√ Statement Fees.
√ Per Item Fees.
√ PCI Fees.
√ Batch Fees.
√ Yearly Fees.
Experience:
√ Same/Next Day/Instant Funding Options.
√ No Processing Fees Deducted From Your Account.
√ Simplified Statement.
√ No Contract.
√ No Cancellation Fees.
√ Free Smart Processing Equipment.
Edge Simple Easy To Read Edge Statements
iSmart Payments / North American Bancard Will Provide Dual Pricing Signage
So You & Your Customers Both Benefit
Some states require certain signage to be displayed and you should check with your state. Below is a good example of best practices.
Please note, dual pricing (left) is not surcharging (right) which is adding a fee to the total for card usage.
How Dual Pricing Pricing Is Posted is Important:
Edge 0% Dual Pricing Rate To The Customer = 4%.
A $100 (sale) X 4% = $104 charged to your customers card.
Discount Rate To The Merchant = 3.8461%.
Merchant is billed 3.8461% on the $104 = $3.999944 (= $4 fee) charged to you the merchant which equals the $4.00 billed to the cardholder – merchant amount equates to the consumer amount. $104.00 (settled) minus (-) $4.00 (discount rate)= $100 (merchant net funded)
How Dual Pricing Should Be Displayed To Your Customer:
Remember, for a dual pricing model to be compliant, you must advertise the credit card price to your customers. This is of most importance and very simple to do.
A Win-Win For You And Your Customer!
You win because your revenue is more. They win because they now have a choice to save where they did not before by paying in cash.
By giving your customer the choice to pay with cash or credit payment, is always good for business! iSmart Payments is here to get your business set up correctly. With inflation constantly in the news and out in the world as common knowledge, this is the perfect storm to truly benefit from the Edge 0% processing program.
Included PCI Plus Protection With Edge 0% Processing Merchants!
Get Set Up With Edge 0% Dual Payment Processing Today.
What makes Edge 0% Dual Pricing Cash Discounting Payment Processing by iSmart Payments so good? Getting double support. Not only from NAB on the 1-877 corporate level, but also yours truly on the local iSmart Payments level. Greg G Kapitan. You can call or text me at: 801-205-1955 anytime. We are here to help!
