Cash Discount Program vs Merchant Account Surcharge vs Convenience Fee - What is the difference
HTML-код
- Опубликовано: 24 сен 2020
- #cashdiscountprogram #merchantaccountsurcharge #conveniencefee
Cash discount program for merchant accounts, merchant surcharge programs and convenience fee programs: What’s the difference between the three programs?
👉🏽 ►►Sign Up For a our #1 Recommended CASH DISCOUNT Merchant Account Here◄◄
www.bancardsales.com/lp/appli...
★ Video Reference 1: The Next video in the series ★
Video #2 in this series: The NEW CASH DISCOUNT MERCHANT Account video
• Merchant Account Cash ...
Merchant account cash discount vs. merchant account convenience fee: What’s the difference?
So think of a listed or stated price of a product or service.
1- A surcharge program is the process of ADDING a fee on top of the original sale amount. (so it’s an addition on TOP of a price point)
2- A cash discount program is the process giving a discount IF someone pays with cash
IF the customer elects to pay with CASH vs. using a credit card, they would pay a cheaper price or lesser dollar amount for the product or service in question. Hence, the cash discount. Pretty straight forward.
3- and a Convenience fee is typically a flat fee that applies to making a purchase
►►Sign Up For a our #1 Recommended Merchant Account Here◄◄
www.bancardsales.com/cardpoin...
📞 Schedule a payment consultation here📞
www.bancardsales.com/call/
★★ Video Reference 1 ★ Cash Discount Program ★
Coming Soon
►Share this video with your friends: • Cash Discount Program ...
►►View The SimplyPay.ME Payment Link and Payment Page Software◄◄
• Invoice Software for S...
►Share this video with your friends: • Cash Discount Program ...
Follow Me (my Businesses & Websites):
Sign Up For a Merchant Account: www.bancardsales.com/cardpoin...
Invoicing & Payment Link Software: www.simplypay.me
Merchant Account & Payments Processing Blog: www.bancardsales.com
Marketing Services: www.BrianManning.CO
Social:
FaceBook: / brian.a.manning
LinkedIN: / brian.a.manning
Twitter: / manningbrian
• Cash Discount Program ...
Are you thinking of setting up a cash discount program at your business? How do you feel about cash discount and surcharge programs as a customer? ~Brian
Hey Brian,
Would love if you could help me out with any of these questions.
How would someone go about getting a merchant account for high-risk business (supplements) with a bad credit rating?
I have heard NMI is the go-to payment processor for supplement businesses. Can they also offer a merchant account or are they only a payment processor?
What are some good high-risk merchant accounts that I could connect to NMI?
The whole process is a bit overwhelming.
@@user-xb6dk4zl7l Hey Michael, I'd be happy to chat.
You can schedule a call with me here: www.bancardsales.com/call/brian
So far have only met this at mom/pop restaurants. Once encountered that establishment is forever avoided. The cash discount is OK. This should thin out the ranks of mom/pop restaurants , isn't that the real plan?
Thanks for commenting Larsen. I hope that's not the plan, but unfortunately it might be an affect of surcharging programs. -Brian
We love the channel, could you do a pros and cons cash app venmo vs an actual merchant account?
J R, thanks for watching. I have thought about doing videos on the cash apps before so I'll add your request to my notes and see if I can work it in sometime soon! -Brian
@@Bancardsales Hey Brian,
Would love if you could help me out with any of these questions.
How would someone go about getting a merchant account for high-risk business (supplements) with a bad credit rating?
I have heard NMI is the go-to payment processor for supplement businesses. Can they also offer a merchant account or are they only a payment processor?
What are some good high-risk merchant accounts that I could connect to NMI?
The whole process is a bit overwhelming.
If you pass a 3% fee in your example, wouldn’t the business still end up paying for a portion of it? Because if they process $103, then the card company charges 3% off of that $103, which is 3.09. But they only charged the customer $103, not $103.09.
They end up only getting $99.91 in profit, right?
No that's not exactly how it works.
The various programs cover all the costs.
Thanks for watching and commenting