Accepting card payments is now a part of running a business, yet the expenses involved are not immediately apparent and can soon drain your bottom line. A lot of business owners begin by comparing alternatives such as square payment processing pricing only to realize that flat-rate charges may prove costly in the long run. Conventional processors usually impose a fee of about 1.5 to 3.5 percent per transaction, in addition to additional monthly and annual charges.
This is where Dual Payments comes in with a more intelligent solution. This platform is designed to enable businesses to incur the lowest payment processing fees possible at the same time making the process easy and transparent as opposed to paying high charges.
The Importance of Payment Processing Fees
Whenever a customer uses a card to make a payment, a processing fee is charged at a small percentage. This accumulates over time to a large sum. Indeed, most small businesses end up losing thousands of dollars annually in terms of transaction fees.
When comparing the prices of square payment processing pricing, you might have found the fixed rates to be easy to understand but more expensive as your sales increase. That is why companies are shifting towards solutions that aim at minimizing or even eliminating these expenses.
It is easy with Dual Payments: you can keep more of your hard-earned money and at the same time provide customers with flexible payment options.
How Dual Payments Work
Dual Payments employs a special model known as dual pricing or cash discounting. This system enables businesses to display two prices one being cash payment and the other being card payment. The card price already includes the small card fee and thus the Business does not need to pay the card fee.
This implies that you will be able to accept cards without fear of losing money each time you make a transaction. This model is a transparent and just distribution of the fee, unlike the traditional systems where you absorb the cost. It is not complex, legal and can be easily executed using modern POS systems.
This is a new and less expensive option to businesses interested in more than square payment processing pricing.
Truly the Lowest Payment Processing Fees
Among the largest benefits of Dual Payments is the fact that it promises to offer the lowest payment processing fees. In most instances, the processing costs of businesses can be brought down to zero.
There are no hidden monthly charges, no batch fees, and no long-term contracts. You also eliminate such typical costs as statement fees or PCI compliance fees that are charged by many providers. This simplifies the process of controlling your finances and growing.
This zero-fee model can be a game-changer if you are fed up with the comparison of square payment processing pricing and are still unsure.
Free Equipment to Get Started
The other outstanding advantage is the free credit card terminal provided by Dual Payments. Most processors will impose rental fees on terminals or POS systems, which will increase your total cost.
When switching to Dual Payments, you can get a free credit card terminal or even a POS system. This assists you in beginning fast without any initial investment. The installation is easy and much of the work is done on your behalf.
To small businesses and startups, access to a free credit card terminal can be a huge difference in lowering start-up costs.
Constructed to suit any type of Business
Dual Payments is compatible with various types of businesses, whether you have a retail shop, restaurant or online store. It is flexible and user-friendly in that it supports both face-to-face and online transactions.
It is also advantageous to service-based businesses as they can make and receive payments simultaneously without having to worry about high charges. This is one more reason why most businesses are abandoning the traditional approach such as square payment processing pricing.
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