Payments
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A revolutionary payment platform that allows merchants to eliminate their credit card processing fees.
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In the past, merchants had to absorb the cost of credit card transactions. Due to changes in card network rules, merchants now have the option to charge different prices for cash and credit card transactions. With WAVit, merchants pay a fixed monthly price for unlimited processing.
HOW DOES WAVit WORK?
Under a cash discount program, merchants list their product price with an additional fee for credit card payments, instead of separate pricing for card and cash payments. For instance, a merchant who charges $100 for a product can list it at $102. When a customer pays through credit card, he or she pays the full price of $102. However, that same customer can receive a $2 discount by paying with cash or a debit card instead.
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With this pricing method, the merchant avoids surcharge fees, and the customer is incentivized to use a payment method (like cash) that costs the merchant less and saves the customer a little extra money.
PROGRAM BENEFITS
One of the main benefits of a cash discount program is that it allows businesses to offset the cost of processing credit card payments without charging customers an additional fee. By offering a discount for cash payments, businesses can encourage customers to pay with cash or debit, which can save money on processing fees.
Another benefit of a cash discount program is that it is legal in all states[AB2] . Unlike surcharging, which is prohibited or restricted in some states, businesses can offer cash discounts without worrying about violating local laws.
HOW MUCH CAN YOU REALLY SAVE?
