Learn how much you can save after implementing a cash discount program for equestrian companies. Keep in mind, that Equestrian surcharge programs vary by state.
* Estimated Savings Per Month Based on a 3.5% Average Credit Card Processing Rate.
Equestrian cash discount programs are becoming more popular for a plethora of reasons. First, with the cost of labor increasing as well as the cost of goods, many equestrian companies are forced to look for ways to improve profitability. One immediate change can be the elimination of processing fees. We’re the first company to truly eliminate all fees associated with equestrian merchant processing.
Most business owners are to busy to analyze their merchant statement and chalk up the fees as a cost of doing business. This is no longer the case. Eliminate Card Fees has direct sponsor bank approval from 3 separate banks to offer this unique program. There are two bucket of fees that are eliminated. There are 20+ fees that you can be charged for. Maybe some of these ring a bell. Annual fee, gateway fee, batch fee, service fee, etc. The other bucket falls into the interchange fees.
If you’re curious about how much money you can potentially save by switching to an equestrian cash discount program, utilize the dynamic savings calculator. Simply slide the calculator to your monthly credit card sales to see how much you can save! The money you save can be used however you deem appropriate. Whether that is hiring more staff, investing in marketing, new equestrian inventory, more horse stalls, or giving yourself a raise, the list goes on and on.
Eliminate Card Fees didn’t invent the cash discount program, we perfected it. In this section, let’s review the benefits associated with our program that can’t be found elsewhere. The benefits do not stop at just saving you money.
The terminals and equipment offered to our clients can be free with no fine print. All you have to do is have sales in excess of $10,000.00 per month in processing volume. This isn’t standard equipment either. Many merchants are using extremely outdated equipment. This can harm your business because you’re missing critical features. Its akin to using an iPhone 4.
The terminals that are provided to our clients doing over $10,000 per month are packed with features that can help you grow your business. Some features include text message marketing. This feature alone can drive up sales. Let’s say you searched for a horse stall cash discount program and found our website. After you sign up and start processing transactions, you lose a customer and a horse stall becomes available. You can now send a text message to all your past clients who may be looking for a horse stall. This allows you to generate income faster rather than just sitting there waiting for it to be utilized.
More features include happy anniversaries or happy birthday wishes. This helps with client retention and makes them feel like more than just a customer. It is also easy to create recurring payments which helps eliminate the need to constantly chase money which allows your business to run more efficiently, should you have recurring charges.
Lastly, cross-marketing is available. This is where on your receipt, another business that opted in will be shown. In return for you enabling this option, another business with also print your information on their receipts. This is another free way to get the word out about your business.
As previously mentioned, the random 20+ fees most merchant companies sneak into your statement are all eliminated. However, interchange fees must always be paid. With our technology, the cost of accepting credit cards are built into your pricing. This is how things should be done because unlike the 1930s, every one now pays with credit cards.
You are then able to offer a cash discount to people who choose to pay with cash since you will not need to the pay the costs associated with taking credit cards. Everything is done automatically as the customer is presented to pricing options at checkout a card price and a cash price! So there is no complicated mathematics to do and it is just business as usual.
Keep in mind, that many equestrian clients are astute individuals and generally use high reward credit cards for cash back, airline miles, and exotic hotel stays. Sometimes these cards can give up to 6x points. So even at a 3.9% adjustment, many times the customer is still on top. If they want to save on that cost, they can utilize cash or a cash equivalent payment method.
This is a far better approach then a blanket price increase because you are giving you customers the choice on how they want to pay. You’re merely including the cost of accepting credit cards into your pricing. Best of all, if you try the program and for any reason it isn’t for you, we can easily switch you back to your old way of processing where you pay the fees.
them
Processing Fees?
Setup Fees?
3.5%+ Processing Fees
Termination Fees?
$195 to $1,495+
Hidden Month Fees?
$295 Termination Fee
PCI compliance fees?
Very Common
Setup Total:
$0.00
$195 to $1,995 Setup
Monthly Fees:
$0.00
$1,000 to $10,000+
If you were to implement a horse stall cash discount program, this is what a transaction would look like.
After a customer decides to board their horse, a customer will see the amount owed of let’s say $500.00.
The client will see a cash price and the client will see a card price.
If the cash option is chosen they will pay $500.00 as they will receive a 4% cash discount.
If the card option is chosen they will pay $520.00 as they will incur a non-cash rate adjustment of 4%.
You can also inquire about automated recurring payments as well for horse stall cash discount or surcharge programs.
Give us a call today to implement this amazing program which will help grow your business while eliminating fees and costing you absolutely nothing to implement the equestrian cash discount program.
Give us a call at 877.624.8043 or fill out the form and a representative will reach out to you to answer any questions and send you the application to begin.
There are no setup fees. After approval, you will receive a free terminal that automates the cash discount program. There is no money out of pocket.
Our team will analyze your historical rates to identify a discount rate that is applicable to you. Typical rates are 3-4%.
To maintain compliance, you will have to post the signage. This is also great as it shows customers that you offer a cash discount!
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