Universal Payments' Cash Discount Program can completely eliminate your business' credit card fees.
If you have just opened or are considering opening a new business, in particular a business that sells direct to a customer, you may not have felt the pain just yet. That pain is embodied by your credit card processor withdrawing your credit card processing fees from your business bank account every month.
Business owners with at least a few months experience know this pain. Most can tell you what last month's withdrawal amount was. We can prevent that.
Let's start with why business owners accept credit cards at all. That is as simple as it sounds: they have to. In the 21st Century, we simply don't carry cash. If we do it's for emergencies, not day to day purchases. We swipe the card, Credit, Debit, Rewards, AMEX, cash back... It doesn't matter...to the consumer. To the business owner, it makes a divide between cash customers, ($100.00=$100.00) or credit card customers ($100.00=$96.75) and the business owner has traditionally borne this cost.
Congress to the Rescue! As I type this, I can honestly say, I have never uttered these words before. However, a last minute addition to the Dodd-Frank Act (The Durbin Amendment) allowed, for the first time, merchants to pass along some or all of the credit card processing fees to their customers, and reduce or eliminate a HUGE expense to the merchant's business that goes straight to the bottom line.