The cheapest credit card processing for small businesses is called the cash discount program, allowing business owners to eliminate up to 100% of their credit card processing fees.
It is crucial for business owners to accept credit cards to increase foot traffic at their location, but the high fees associated with processing credit card payments lowers their profit margin, which ultimately leads to the business having to increase prices. Well, cash discount program is the perfect solution for them. This is the cheapest credit card processing solution that allows them to offer two forms of pricing: a cash and a credit price. The credit price is slightly higher to cover their cost of processing.
This allows business owners to keep their overhead and their prices low, while still providing their customers with multiple payment options.