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Evolving Landscape of Merchant Processing

Disclaimer: Sponsored content articles do not reflect the opinions of New Jersey Business magazine or the New Jersey Business & Industry Association.

Remember the time when cash was king and very few people had credit cards? There was also a time when point of sale systems were expensive to acquire and EMV did not exist. As technology has evolved and continues to evolve, the world of merchant services evolves right along with it.

Today, for as little as $10 a month, merchants can acquire a point of sale system or virtual terminal that integrates with accounting software, has a built-in inventory tool, and the list goes on. An increasing number of businesses are requiring flexibility (ie. retail stores and pop-up shops) and the industry has spoken by delivering mobile technology.

One of the latest and greatest evolving trends in the market are cash adjustments. Cash adjustments have been around for decades, commonly used in Europe and at gas stations. New technology has made it possible for an assortment of industries to offer cash adjustments. How a cash adjustment works is: everything you sell is already discounted to your cash price. When a customer pays by card, they pay your actual retail cost. The program is announced to customers via signage provided at signup. As a result, with Net Zero Processing FeesTM powered by Priority Payments Local, merchants can save up to 95 percent on their card processing.

To stay up to date on the latest trends in the industry, follow PPLOCAL.COM. For more information on cash adjustments, visit NETZEROFEE.COM or contact NJBIA@PPLOCAL.COM.

Disclaimer: Sponsored content articles do not reflect the opinions of New Jersey Business magazine or the New Jersey Business & Industry Association.