Payment Processing Cheat Sheet
Your Quick Guide to Choosing the Right Option
Compare Your Options
Here’s a simple overview of four payment processing models to help you save money and keep customers happy:
| Option | What It Is | Key Benefit | Key Consideration |
|---|---|---|---|
| Interchange Plus | Pays exact card fees plus a small, clear fee. | Transparent; saves on low-cost debit cards. | Requires clear statements to track costs. |
| True Cash Discount | Lists one price (includes card fee); cash payers get a discount. | Encourages cash payments, saving you fees. | Works with most POS systems; maximizes profits. |
| Dual Pricing | Shows two prices: lower for cash, higher for card. | Clear for customers; encourages cash. | Supported by most POS systems; highly profitable. |
| Surcharging | Adds a fee (up to 3%) for credit card payments only; merchants cover debit card fees. | Passes credit card fees to customers. | Not allowed in some states; may upset card users. |
Why Work with Asheville Merchant Advocates?
Choosing the right payment processing model can be confusing. Asheville Merchant Advocates makes it easy by:
- Offering transparent pricing with no hidden fees.
- Helping you save on debit card transactions.
- Providing expert advice to pick the best model for your business.
- Setting up simple POS systems and clear signage.
Our True Cash Discount and Dual Pricing programs are the most profitable and work with most POS systems, saving you more. Contact us today to find the perfect solution!
Get Started with Asheville Merchant Advocates