How Can Cash Discount Benefit Your Business?

Envoy is pleased to announce our Cash Discounting program – a program that provides our merchants with an alternative to traditional payment processing. Envoy’s cash discounting program helps merchants reduce their monthly and annual card processing costs by applying a small customer service charge to each credit card sale they make. For every sale that is made with a credit card, the merchant’s customer pays a small customer service fee. If the merchant’s customer pays in cash, they do not pay the customer service fee.

Cash discount is an ideal solution for a variety of service-based industries including retail, food and beverage, and personal services, such as salons. 

How Can Cash Discount Benefit Your Business?

• Reduced Cost. Our merchants can reduce their card processing fees by adding a small customer service fee for non-cash purchases made with a credit card.
• All forms of Card Payments. Our cash discount program utilizes equipment that accepts all forms of payment, including EMV and mobile wallets, such as Apple Pay.
• No Pricing Obligations. As merchants are boarded, they can sign up for either our cash discounting program or our traditional processing program. If one of our existing merchants wishes to convert to our cash discounting program, we can switch them. You will need to submit a new completed application and/or price update form.
• Fast Setup. Our cash discounting program is fast and simple to set up with durable plug-and-play equipment.

How Can Cash Discount Benefit Your Business?

First, a small customer service fee is added to all transactions. If the merchant’s customer pays by card, a small service fee is added and this fee will appear on the printed receipt that is presented to the customer. If the merchant pays by cash, then no service fee is added. For instance:

• A merchant has a $100 ticket and charges a 3.99% customer service fee for any non-cash purchases.

• The customer chooses to pay with a credit card. The purchase amount is now $103.99

• The merchant swipes/dips the card and the transaction amount = $103.99. This amount will alsoappear on the purchase receipt that is presented to the customer.

• The merchant batches that evening and the $3.99 that was collected is set aside in a separate pool aspart of the daily batch

• Then interchange/dues/assessments are deducted from the $3.99 that was collected as part of the service fee

• Then the merchant’s net settled amount will appear in their bank account as $100 (the original ticket amount, plus whatever tax they collected) for the original sale.

How Can Cash Discount Benefit Your Business?

First, a small customer service fee is added to all transactions. If the merchant’s customer pays by card, a small service fee is added and this fee will appear on the printed receipt that is presented to the customer. If the merchant pays by cash, then no service fee is added. For instance:

• A merchant has a $100 ticket and charges a 3.99% customer service fee for any non-cash purchases.

• The customer chooses to pay with a credit card. The purchase amount is now $103.99

• The merchant swipes/dips the card and the transaction amount = $103.99. This amount will alsoappear on the purchase receipt that is presented to the customer.

• The merchant batches that evening and the $3.99 that was collected is set aside in a separate pool aspart of the daily batch

• Then interchange/dues/assessments are deducted from the $3.99 that was collected as part of the service fee

• Then the merchant’s net settled amount will appear in their bank account as $100 (the original ticket amount, plus whatever tax they collected) for the original sale.

How Can Cash Discount Benefit Your Business?

First, a small customer service fee is added to all transactions. If the merchant’s customer pays by card, a small service fee is added and this fee will appear on the printed receipt that is presented to the customer. If the merchant pays by cash, then no service fee is added. For instance:

• A merchant has a $100 ticket and charges a 3.99% customer service fee for any non-cash purchases.

• The customer chooses to pay with a credit card. The purchase amount is now $103.99

• The merchant swipes/dips the card and the transaction amount = $103.99. This amount will alsoappear on the purchase receipt that is presented to the customer.

• The merchant batches that evening and the $3.99 that was collected is set aside in a separate pool aspart of the daily batch

• Then interchange/dues/assessments are deducted from the $3.99 that was collected as part of the service fee

• Then the merchant’s net settled amount will appear in their bank account as $100 (the original ticket amount, plus whatever tax they collected) for the original sale.