Tuesday, June 09 2020
If you want to offer a high value solution to your merchants, then a cash discount program ISO is a great way to do so. Cash discount programs are becoming more and more common among businesses that want to incentivize cash payments and see credit card processing fees as a significant barrier to success and high margins in their business. Our cash discount program provides ISOs with a way to provide even more value to the merchants that they serve.
If you want to appeal more to your merchant partners and make a splash in your region when it comes to merchant services, then using our cash discount program is the way to go. Read more about our cash discount program to learn how you can serve your merchants better and offer them a solution that meets their needs.
What is a Cash Discount Program?
Before you can offer a cash discount program to your clients, you first need to understand what exactly a cash discount program is and what benefits it has to offer merchants that choose to participate in a cash discount program. A cash discount program is an initiative that is designed to incentivize paying in cash at businesses. The main goal of this program from a merchant’s point of view is to eliminate credit card processing fees as much as possible and instead place the burden of processing credit cards on the consumers that choose to use them.
Easy to Start
One factor that might make merchants and business owners nervous to make the jump to a cash discount program is that they view it as a difficult leap to make from a marketing and technical standpoint. However, we remove the barriers to enjoying the benefits of a cash discount program by providing our partners with a fast and easy transition that makes it easier than ever to use a cash discount program.
Benefits to Businesses
For merchants, there is a lot to love about cash discount programs. If you are looking to provide cash discount programs to your clients, then you can explain the following benefits as a way to help their business move forward and increase their margins.
Accept More Cash
If your merchant loves to deal in cash (most do), then a merchant cash discount program is a great way to go. Merchant cash discount programs incentivize the use of cash by providing a discount to anyone that pays in cash.
Excite Customers with Discounts
In addition to providing benefits to the merchant by increasing the amount of cash that is coming in, you can also excite customers with the idea of a discount just for paying cash for their products. This earns customer loyalty and happiness.
With more cash coming in and less credit card transactions, you can reduce the fees that you are forced to pay to the credit card processing company.
Since your business will be giving away less of your income to processing cost, your margin will be increased, cash flow opened up, and your business will be in a better position to thrive and succeed with the capital that you need.
What Comes Next?
If you’re ready to offer your merchant more value and increase merchant loyalty, then our merchant cash discount program is right for you. Get in touch today to discuss how merchant cash discount program can help your ISO succeed.