Accepting electronic payments has become a necessity and significant expense to business owners. Surcharging, sometimes also referred to as Cash Discount Processing, allows merchants to pass the cost of processing back to the customer. For those patrons choosing to make their purchase with cash, the additional surcharge is removed. You may have seen gas station signage notifying customers of a lower price per gallon for those paying with cash. While previously disallowed in other industries, surcharges have existed for decades.
Today, depending on how the transaction is presented to the consumer and the State your business operates within, Zero-Fee Processing is legal in all 50 States...but there are regulations business owners MUST follow in order to be compliant.
Upon approval of your new Merchant ID, BackPAY will provide you with the proper signage, registered processing platform, and pre-programmed terminals to meet today's latest compliance standards...at ZERO cost to you.