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Merchants Pay Virtually $0 on Card Processing Fees with This Local Program

On Oct 8, 2018

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

Zero fee processing is the direction credit card processing is heading. Even though the economy is thriving, many merchants are continuing to look for ways to reduce operating expenses. One of the easiest ways to save money is to cut back on how much is being spent on card processing fees. Net Zero Processing FeesTM powered by our premier payments technology partner, Priority Payments LocalTM, is completely eliminating processing fees for some merchants and virtually getting rid of them for others.

With zero fee processing, credit and debit card processing fees are transferred to customers who don’t want to pay for goods or services with cash. A simple way to view it is to note that everything you sell is already discounted to the “full cash value.” When customers choose to pay with a credit or debit card, they pay the full retail value plus tax which is the non-cash adjusted amount. Gas stations across the country have been using this form of processing for decades but how often have you noticed it and/or opted to pay the cash price?

During a transaction, a non-cash adjustment appears as a prompt on the merchant’s terminal showing how much the fee is. When the merchant finalizes the sale, a receipt as shown below, will print highlighting that fee. To ensure customers are aware of the adjustment, complimentary signage must be visible with the adjustment rate

Fees are eliminated altogether when merchants already own equipment that is compatible with the program. To date, Net Zero Processing FeesTM has been able to work with a variety of POS systems such as RPOWER, Aldelo, Micros, Restaurant Technologies, TouchBistro, SilverWare, Digital Dining and POSitouch. Merchants who have needed to purchase new equipment are typically spending $49 a month for up to two Dejavoo terminals.

“I started this program … with the hope of doing away with the fees. Not only have the fees disappeared but my incidence of credit card usage has decreased by approximately 25 percent, which translates into increased cash receipts,” said Adam Lenar, Owner of Portabello Café in Staten Island, New York. “Utilization of the proper verbiage has led to almost non-existent push-back from my guests as well as increasing my profit margin.”

For additional information on what zero fee processing is or to apply for Priority Payment LocalTM’s Net Zero Processing Fees Program, visit pplocal.com, send an email to [email protected], or call 800-717-1250 and mention this article.

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