Dual Pricing Program enables your business to cut down on card processing fees,
while giving your customers the choice of payment options that make the most
sense for them.
Understanding Dual Pricing
If your business is looking for a way to offset rising merchant processing fees,
then the Dual Pricing Program may be for you. Dual Pricing means charging your
customers the cash price for a cash transaction and the regular price for using
a credit card or signature debit card. The price difference can help your
business cover a significant amount of fees associated with accepting and
processing cards.
Benefits of Dual Pricing
Increase your bottom-line profits
Encourage cash transactions
Cut down on fees
Avoid fluctuating costs for card processing
1
Give Your Customers the Choice
Our Dual Pricing Terminal shows your customers both the cash price and the
regular price when making a purchase, giving them the option to choose how
they want to pay. Customers paying with cards will pay the regular price,
which incorporates costs of processing, while cash-paying customers will
receive a discount.
2
Cut Down on Fees
Accepting credit and signature debit cards is a necessary step for most
businesses, but rising merchant processing fees can add up and cut into your
profitability. By implementing a Dual Pricing Terminal at checkout, you allow
your customers to simply select the cash price or the regular price. The price
difference can help you cover a significant amount of fees associated with
accepting and processing cards.
3
Increase Transparency
Your customers will appreciate having the knowledge of how much they can
expect to pay for a cash or a card transaction. This transparency, along with
the ability to choose the option that makes the most sense to the customer,
can benefit both your customer relationships and your business in the long
run.
4
Gain More Control of Your Prices
Instead of increasing prices for all your customers to offset card processing
fees, offering cash and card prices allows you to maintain consistent margin
for your products and services without consideration of payment type accepted.
Your business profitability stands to benefit from a Dual Pricing Program.
5
Encourage Cash Transactions
Dual Pricing is an effective strategy for increasing the percentage of your
customers that use cash at checkout. For price-conscious customers, the cash
price option is the more appealing choice.