New York Dual Pricing Program
If you own a business in New York, Connecticut or Massachusetts then Dual Pricing is a must to save thousands in fees! However you need to know the laws to be compliant. Here on this page you will find everything a business owner needs to know to be 100% compliant and have happy customers! We will provide Edge dual pricing payment processing from our partner at North American Bancard.
New York Dual Pricing Smart Card Machines
Our smart credit card machines automatically adjusts 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. Here is an example: a $100 charge typed into the new terminal will show up as $104 with the Edge dual pricing program.
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 and fair!
New York Dual Pricing Will Save Your Business:
Based on a 4% Rate Savings…
| Mo Card Volume: | Mo Savings | 1 Year Savings | 5 Year Savings |
|---|---|---|---|
| $5,000 | $200 | $2,400 | $12,000 |
| $10,000 | $400 | $4,800 | $24,000 |
| $20,000 | $800 | $9,600 | $48,000 |
| $50,000 | $2,000 | $24,000 | $120,000 |
| $100,000 | $4,000 | $48,000 | $240,000 |
| $250,000 | $10,000 | $120,000 | $600,000 |
Receive The Competitive 0% Dual Pricing Edge
The Only Program That Is Fair
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?
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 pricing options for sure!
Many Benefits of Dual Pricing!
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% Dual Pricing processing platform for your business.
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.
Easy To Read Dual Pricing Statements
We Will Provide Dual Pricing Signs
States like New York, Connecticut and Massachusetts require signage to be displayed for transparency and to be compliant. Note, dual pricing is (left) and is 100% compliant and Legal. Right shows adding a fee to the total for card usage is schurging and is Illegal in those states.
Labeller Gun With 2 Lines Displays Card and Cash Price:
Compliant with New State Law for Card and Cash Dual Pricing for New York, Connecticut & Massachusetts businesses.
Dual Pricing Capability: Displays both cards and cash prices, ensuring accurate and transparent pricing information for customers. Compliance and Trust: Helps stay compliant with pricing regulations, enhancing customer trust and transparency. Here is the direct Amazon link.
February 11, 2024, new law in New York state, establishing limits and rules for surcharging.
Enacted in December 2023, the new statute has a price disclosure component, detailing how surcharge prices are communicated. The screenshot below is directly from NY . Gov website. For simplification we strongly recommend the last example as this is easy to do with a dual pricing labeling and a payment system that iSmart Payments provides.
Edge 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)
Included For All Dual Pricing Merchants
Get Set Up With New York Dual Pricing
Get your New York Connecticut & Massachusetts business setup with Dual Pricing Payment Processing by iSmart Payments and receive 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 get your business set up with Dual Pricing today!
