Eliminate the Cost of Merchant Processing.
How it Works
NixPay’s Dual Pricing Solution eliminates merchant processing fees for businesses. NixPay distinguishes the total between cash and credit card transactions and routes the difference to the processor eliminating the monthly processing fees for merchants. Now cash paying customers and NixPay merchants have the power to save.
Eliminating Processing Fees
NixPay’s Dual Pricing Program replaces merchant processing fees with a portion of the card price collected from customers who choose to pay with credit card.
Customer Benefits
By avoiding merchant processing fees, merchants now have the option to pass the savings to customers who use cash.
Merchant Benefits
It is not uncommon for merchant to save hundreds, or even thousands of dollars a month by eliminating merchant processing fees.
Running a Transaction
1.
All goods and services are promoted at Cash and Card Prices.
2.
A sign is placed at the point-of-sale detailing the dual pricing model and opportunity to save by paying with cash.
3.
The customer decides their method of payment
Cash Payments
The customer is automatically qualified for an incentive earning a lower cost on goods and services.
Credit Card Payments
The system is programmed to automatically charge your customers the card price on all goods and services.
What’s Included
In signing up for NixPay, merchants receive a welcome box including:
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A Dual Pricing Compliant Terminal
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Training material to set you and your team up for success
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Informative signage to install at various points in your business space.
Funding
The funding for a merchant’s deposits will see no affect. The example below outlines the scenario if a merchant’s card rate were set to 3.75% higher than the cash rate.
1 – The customer’s credit card receipt will display the card rate for goods and services.
2 – On the following day, the total amount is deposited in the merchant’s bank account along with other transactions authorized for that day.
3 – The 3.75% ($3.75) difference that was originally charged to the customer is redirected to the processor in lieu of monthly processing fees.
A Truly Turnkey Approach
Ready to get started? The process is simple.:
After signing with Nix, your representative with go-over hardware options to fit your budget and needs. It is important the hardware fits with the card brand compliance regulations.
The next step is to post a provided sign at each point of purchase notifying your customers of the difference between cash and card prices and the savings if they decide to pay with cash.
Implement the Dual Pricing Model into your daily operations by training all staff about the program. It is important to have a clear message for customers if one were to request more information.
