Small and medium-sized businesses, often preoccupied with their daily operational demands, tend to overlook the broad spectrum of payment processing solutions available. This situation frequently leads them to encounter a limited selection of costly payment processing options, where a standard fee of around 3.5% is deducted from each transaction, leading to a significant cumulative cost. The Good Money Payments Cash Discount Program offers a legal and effective way to mitigate these costs, ensuring that there are no fees on each transaction and protecting your profits from being diminished.
Typically, merchants pay a blended minimum of 3% in monthly processing fees. Merchants using cash discounting can add that 3% directly to their bottom line and increase their business profit margins by 20-40%.