Cash Discount Program

Our Cash Discount Program is a way for you, as a merchant, to save money on all your current merchant service fees without increasing your overall rates. By participating in the VIP Merchants Cash Discount Program, you can enjoy cost savings on your current merchant service fees.

Understanding our Cash Discount Program

The Cash Discount Program is a method of implementing a service fee to all customers, while giving a discount to those who pay with cash.

Therefore, your posted rates now become the rate for those who pay with cash. Those customers who pay with cash avoid the service fee, and all others will see a line item added to their receipt. It is our proprietary technology that allows this to happen and keeps you within the guidelines of Visa, MasterCard and processor regulations.

How It Works

We simply set you up with our proprietary terminal, that allows you to add a 4% service fee for customers paying with credit or debit cards. If the customer pays with cash, then they save on the 4% discount fee. It really is that simple. Our proprietary terminal efficiently processes payments, enabling a 4% service fee for credit or debit card transactions. Customers opting for cash enjoy a 4% discount.

Pricing Breakdown

The client's average credit card Monthly Revenue was approximately $32,000. Prior to switching to VIP Merchants, they used Square and incurred charges of .10 cents per transaction PLUS 2.5% of processed payments. Our intervention saved the client $10,500 in the first year!

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Why It Works

Credit card companies give consumers 3-5% cash back rewards. Consumers understand and support your small business through inflation. Consumers are not paying the fee, the credit card companies are. Many consumers appreciate the benefit of receiving 3-5% cash back rewards from credit card companies, which can incentivize them to support small businesses like yours.