Dual Pricing
Program
The Dual Pricing charges the cardholder a surcharge when using a credit card verses a traditional payment method (cash or check) This solution eliminates all fees that would normally be charged to merchant.
The merchant receives a deposit of the gross sale amount minus the surcharge (and assessments if applicable).
Merchant then only pays a flat monthly fee at
the end of the month.
The Dual Pricing Program works by providing your customers with a cash and credit price.
If the customer pays by cash, they receive a lower price. If they pay by credit card
they pay the slightly higher price, which includes your cost of processing.
You eliminate your business’ credit card processing fees and encourage your customers to
use cash, while still providing them with the option to pay by credit.
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$100 Sale
The merchant enters $100 into the terminal. The terminal displays $1003.00 before the customer enters their card.
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$100 X 3.99% = $3.99
$100 + $3.99 = $103.99The transaction is completed $03.99, charging the customer the process fee.
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No Additional Fees Are Charged Monthly
The merchant closes the batch at night and sees $100 deposited into their account the next business day.
The Support Your Business Deserves
- A discount is applied to transactions for customers who pay with cash.
- The program can be customized. A merchant can choose to only pass part of the discount rate through to their cardholders (i.e. the merchant pays 2% and charges their cardholders 2%) or eliminate their monthly transaction fees altogether by charging cardholders the full amount.
- Merchants in the tip industry pay the Cash Dual Pricing rate on tip amounts. They can choose to charge the Servers a percentage of tips paid to them with credit cards, or absorb this cost since their credit card processing costs are nearly eliminated with this program implemented.
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Customers embrace
the freedom of choice
Let Your Customers Choose Their Preferred Payment Methods
With unique payment preferences, your customers have a diverse set of payment needs. This is why we have stepped up to meet these needs through our comprehensive suite of POS systems and payment methods.
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247 Payments has been a delight to work with. After spending months searching, we knew we found the right company after our initial conversation with Marc. We have never received such white glove service like they provide. They make me feel like I am their only client.
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Skip the games, skip the searching. The team at 247 Payments know exactly what they are doing. There’s no one better in the business.
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