6 Compelling Reasons Your Business Needs a 0% Dual Pricing Program
In today’s business landscape, finding ways to cut costs and maximize profits is crucial. Here are six compelling reasons why your business needs a 0% program:
- Cost-cutting is Imperative in 2024: Businesses increasingly feel the pinch of credit card processing fees, which have become one of the most significant expenses after rent and supplies. With an effective rate of nearly 4.0% for each credit or debit card transaction, businesses lose a significant portion of their revenue to these fees. The Dual Pricing program offers a solution to eliminate these fees, allowing companies to retain more of their hard-earned money.
- Convenient Override Feature: The Dual Pricing program comes with an easy “button” on the terminal and point of sale to override the processing fee if a customer prefers not to absorb it. This flexibility ensures that businesses can cater to customer preferences while still benefiting from the program’s cost-saving aspects.
- Legal and Compliant: Unlike credit card surcharge programs, Dual Pricing 0% programs are legal in all 50 states thanks to the Durbin Amendment and are 100% compliant. Proper disclosure to customers through signage and receipts is essential, ensuring transparency and adherence to regulations.
- Customer Acceptance: Customers already know and accept Dual Pricing programs. The concept has been around for years, and industry surveys indicate that customers understand businesses need to manage increasing payment fees.
- Growing Popularity Across Industries: Dual Pricing programs are gaining popularity across various industries, from local restaurants to nail salons and beyond. The trend of businesses adopting this program is rising, reflecting its effectiveness in addressing cost concerns.
- Seamless Switch Over: In many cases, Dual Pricing programs can seamlessly integrate with point of sale (POS) systems, including credit card terminals and mobile solutions. You can run our Dual Pricing Program on a stand-alone terminal, mobile solution, or POS system. We ensure a smooth transition to the program without adding extra fees or causing customer dissatisfaction.
The Dual Pricing Program offers business owners a solution to help reduce the cost of accepting credit cards, allowing them to retain more of their profits and invest in improving their operations. Switching to a new processor is a straightforward process with minimal fees, offering businesses the opportunity to start saving money and redirecting resources to enhance their operations. Remember, finding ways to reduce unnecessary expenses and optimize revenue streams is essential for the long-term success of any business.
Also, it’s 2024. It is time to upgrade your technology and position your business to grow and prosper!
