Zero Fee Processing
Is Zero Fee Processing Legal?
The Checkout Fees are assessed to cover the merchant's rising business costs. These costs include, but are not limited to, the cost to process card payments. Most of these rising business costs apply to every customer who patronizes a location; therefore, the Checkout Fee is assessed for all customers. Since the cost for card processing fees do not apply to customers paying cash, a Cash Discount may be provided. Cash Discounts cannot be equal to or greater than the Checkout Fee assessed. Cash Discounts must be at least 0.10% less than the Checkout Fee.
How Does This Program differ from Surcharging?
Surcharging is a program allowed by Visa and MasterCard where a merchant assesses an additional fee to customers who pay with a credit card. The fee is used to help cover the costs associated with processing credit card payments. However, Surcharging is only legal in certain states. Our program differs from Surcharging because it applies the Checkout Fee to all transactions, regardless of the payment method. The Checkout Fee covers all rising business costs, not just costs associate with credit card processing fees.
Can I Charge a Checkout Fee on Debit Cards?
Yes! While Visa and MasterCard do not allow merchants to apply a surcharge on debit cards, our program is not Surcharging. Therefore, debit cards may be charged a Checkout Fee. The fee is billed to cover all rising costs of doing business, which applies to all customers regardless of their payment method.
Am I Able to Participate in this Program if I Accept Tips
Yes! This program works for businesses that accept tips. However, we recommend you speak with your sales agent about how the tip processing is affected by our programs and if it's a good fit for your business.
Can I Use my Current Equipment to Implement this Program?
Possibly, but you'll need to ensure the Checkout Fee is applied to all payment types, including cash. Since not all equipment has the ability to use the Checkout Fee universally, you may have to determine other ways to implement the program if your equipment doesn't support the process. With Exatouch and Clover POS systems, the implementation of our program is seamless. Contact your sales agent to learn more. You may also want to ask about our Cash Discounting and Surcharging programs.
Do I Have to Pay Taxes on the Money I Collect as Part of the Checkout Fee?
Yes! The money collected from checkout fees may be claimed as a business expense.
How Do I Get Started?
Which Businesses are Qualified?
Most all businesses are qualified. Find out if your business meets the qualifications.
How Long Does it Take to Get Setup?
After the 24 - 48 hour approval period you are ready to go. If you are using our equipment simply plug it in and it's ready to go. If you are using your own POS system follow the steps required by your equipment.
Can I Switch Back to Regular Processing?
Absolutely! If you fell our Program doesn't work for you business, we can easily switch you back to your original processing system.
What About Support?
We pride ourselves on first-class support. Regardless of the issue, we are here during regular business hours 9AM - 5PM (CST) to give advice, troubleshoot, and resolve any issue you may have. You will always have access to real human support. Feel free to email us anytime at email@example.com or give us a call at 501-259-8883.