No Fee Credit Card Processing in FL
If you run a retail or restaurant business in Florida, or any type of company that takes credit card payments for that matter, you have probably been asked if you offer discounts for cash at some point in your career. This way of dealing with customers may have fallen by the wayside, particularly if you run a bigger FL business. However, a cash discount program may be something that you may want to consider implementing today, as this is the best way to manage your merchant payment processing so that you can enjoy free credit card swiping.
When your Florida business gets its merchant payment processing monthly fees billed for handling all of the credit card payments that you will have taken, you’ll probably wish you had free credit card processing and free credit card swiping. Accepting payments via credit card can be costly. However, with the continued rise in customers using debit and credit card payments, businesses in FL will take the burden of the monthly fees, as many will expect free credit card swiping.
With every card payment that gets processed by any business, there is usually a merchant services charge that will be applicable and having to deal with merchant payment processing costs may not be best for your business. But offering credit card payments on your checkouts is something that customers in Florida have come to expect and as a retailer is best for you to do. But with a lack of free credit card processing, is it best for your business? With many people not carrying cash these days, there often needs to be a minimum spend for card transactions. This can, in turn, mean that you end up losing out on your valuable FL customers when they have not got cash on them and the transaction value is too low.
The rise in contactless payments in Florida means that more customers will be making credit card payments for lower transaction values That in turn means that merchant payment processing services end up growing and it will be your FL business that has to pay for these out of your own profits. An ideal situation here would be if you were accepting payments using free credit card processing.
Offering credit card payments is essential to any business in Florida that wants to be accepted by their customers. Accepting payments in the form of cash and card means that your business will be accessible to your customers. The majority of your customers in FL will expect that they can visit your store and pay using either card or cash without issue and that you will no doubt have free credit card processing when accepting payments. To avoid customers being turned away due to the fact that they do not meet the minimum spend, many companies are taking a new approach that works for customer and business owners alike, and that is to create a cash discount program and take advantage of no fee credit card processing and free credit card swiping within their Florida stores and restaurants.
Free Credit Card Merchant Services in FL
When offering a cash discount program with no fee credit card processing and free credit card swiping in Florida, you will clearly state the prices with a discount for cash. That means that when making a credit card payment, a four percent surcharge will be applied before payment via the POS system and you will in turn get free credit card processing and free credit card swiping.
What Is Surcharging And How Does It Work?
A surcharge is a small charge that is added to a transaction. In this case it is to show the difference between the cash price and the card price.
Putting the four percent surcharge onto the credit card transaction is very easy. Process the sale of the POS system as normal, then type in the cash value to the card terminal. The fee free card swiper will automatically add on the four percent surcharge for you and you will have free credit card swiping.
The customer places their card into the terminal or types in their PIN, they will then see that the four percent charge has been included in the transaction. The sale will continue as usual, and the terminal will process the payment through merchant services as per usual.
Once completed, the fee free card swiper or terminal will then provide a receipt the transaction. The receipt will show that the four percent surcharge has been added so that there is no confusion.
How does No Fee Credit Card Processing Work?
The way that the no fee credit card processing works is straightforward. The products in your FL store are listed at the cash discount program price. Enter this amount into the fee free card swiper or terminal before you hand the card machine to the customer to enter their card or to swipe for contactless. Then, the screen will display the price with the four percent surcharge included. The customer will enter their PIN, and the transaction will be completed through payment processing services as per usual.
The four percent surcharge added automatically at the POS system will then be sent to the merchant services. You won’t have to worry about the need to pay monthly fees. This way, your FL business can enjoy no fee credit card processing.
Best Practice For Offering A Cash Discount Program In Florida
If you are planning on offering a cash discount program in your business in FL, then being transparent and upfront with the way that your cash discount program system is run will help to clarify and prevent any potential confusion that your customers may have about the surcharge added to the credit card payments by merchant payment processing.
Putting up signage that corresponds with transparent pricing will help your customer to understand the pricing system fully. This will not only make life much easier for your staff when they put the sale through on the POS system, but it will also help the customer to understand how the cash discount program and free credit card processing works.
Using signage that clearly informs customers of the methods that you use in terms of accepting payments will answer any questions about the price that they will pay when using a credit card.
Your employees can also help to address the topic of the surcharge that has been added to the credit card payments by delivering great customer service. Talking with the customer to ensure that they understand the cash discount program will save any confusion or embarrassment at any point during the transaction.
Why Your Florida Business Should Implement A Cash Discount Program
In order for your FL business to continue to succeed, you should implement procedures that work best for both the customer and yourself. With the way that merchant payment processing works, meaning that you end up with monthly fees, taking credit card payments does not always offer convenience for you, the business owner.
Getting the best payment processing services working in favor of your FL company will mean moving to a no fee credit card processing company. By doing this, you will thoroughly remove the need to pay monthly fees that can continue to eat into all of your takings and you can enjoy the best free credit card processing.
Using cash discount programs along with free credit card processing and free card swiper in Florida will provide the best fair system in which the customer benefits from low prices for using cash.You’ll no longer have payment processing services charging you, causing you the need to implement minimum spends for your customers using credit cards. You can then freely take advantage of no fee credit card payments with no monthly fees for credit card payments.
Using transparent pricing systems within your Florida restaurant or store and by letting customers that you run a cash discount program will ensure that there are never going to be any issues at the POS system when it comes to processing the card payments on the free card swiper while cash-paying customers in Florida will appreciate their special discounts. Not only this but you, the business owner, can enjoy the best benefits of free credit card processing, and no fees on your merchant payment processing.
For information about how your Florida business can benefit from merchant services with no fee credit card processing by setting up a cash discount program, get in touch today.