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Cash Discount Processing
All posted prices on menus, shelves, labels, or product webpages reflect the "Cash Price." The price of each item at checkout is increased by 3.99%. If a customer chooses to pay with cash, a discount is applied to reduce the total. BackPAY provides pre-programmed software and compliant signage to notify consumers.
Cash Discount History
Years ago Visa made a rule stating that cash discounts will not be tolerated. The 2011 Durbin Amendment ruled in favor of cash discounts, stating that Visa cannot prohibit merchants from offering in-kind incentives.
- Does not require card brand registration
- Legal in all 50 states
- Cash prices are posted
- Cash customers receive a discount at the register
Cash Discount Processing
The "Service Charge," "Convenience Fee," or "Processing Fee" will be charged as a separate line item at the bottom of every customer receipt, excluding Debit and Cash transactions. Unlike many of our competitors, BackPAY will ensure your merchant account is registered with card brands to help you avoid serious fines!
Note: The merchant will receive a nominal processing bill at the end of each month for any debit transactions processed.
Surcharge Receipt
Surcharge History
At a point in time, surcharges were banned in almost half of the United States. The bans were challenged in 2013 by a group of business owners stating that it violated First Amendment rights, as an "unconstitutional restriction of Free Speech." They went on to win a 2017 case in the Supreme Court.
- Fee displayed on receipt
- Requires card brand registration
- Cannot surcharge debit cards
- Legal in 46 states (excludes KS, CO, MA, CT)
Dual Pricing Processing
Dual pricing makes cash discounting easy.
Help merchants stay compliant and differentiate yourself from your competition, who’s selling surcharge programs marketed as cash discount, by leveraging our new dual pricing program.
Note: The availability of Dual Pricing Processing may be dependent upon individual software needs of the business. This is most commonly utilized by our retail clientele.
Dual Pricing Highlights
- Follows cash discount compliance rules
- RetailCloud POS offers a simple solution for printing pricing labels
- Complete transparency for both cashier and consumer
Cashier Display
Customer Display
Cash Receipt
Card Receipt
Interchange Plus Processing (Standard)
The total cost to a merchant is a combination of card-type fees (Interchange) and those amounts collected by the processing/acquiring bank. Quarterly Interchange fees associated with each card type are determined by card brands and listed publicly. The "Plus" part of "Interchange Plus Processing" refers to amounts collected on behalf of the processor...typically comprised of a "Discount Rate" (fee applied as a percentage of total monthly processing volume) and "Transactional Rate" (flat dollar amount assessed with each card dip or charge), in addition to "Back-of-House Fees"; like the Statement Fee, Batch Fee, Dues & Assessments, etc.
At BackPAY, our wholesale banking relationships allow us to achieve the lowest processing rates available. If passing a fee to your consumers is something you are not ready for just yet, let's still try to save some of your hard-earned revenue!
Interchange Plus History
Although currently the most common way to process cards, business owners have become increasingly frustrated with cryptic statements and seemingly frivolous fees. The Durbin Amendment of 2011 helped put controls in place to prohibit gauging merchants, especially with respect to debit transactions.
Now more than 80% of all transactions in the United States are being done by credit card and there are more payment options available, shifting the value proposition of card usage away from the merchant.