Learn how much you can save after implementing a cash discount program for non-profits. Non-profit surcharge programs vary by state.

Monthly Savings*

$350

Estimate the monthly savings when you pay 0% processing fees via our surcharge or cash discount program.

Monthly Credit Card Sales: $10,000 / Month

* Estimated Savings Per Month Based on a 3.5% Average Credit Card Processing Rate.

An Introduction to Nonprofit Cash Discount Programs & Surcharge Programs

 

Nonprofit cash discount programs and surcharge programs are increasingly being adopted by charitable organizations. Many nonprofits overlook their merchant statements, which can be a costly oversight. Getting charged fees simply attacks the bottomline. The sector is known to sneak in hidden fees, including credit card processing fees, PCI compliance fees, gateway fees, terminal fees, software fees, annual fees, and more. Imagine a scenario where these fees didn’t exist. That’s the vision behind the program we’ve developed at EliminateCardFees.com.

 

The financial benefits for nonprofits can be substantial. Larger organizations often see significant savings, but even smaller nonprofits can feel a profound impact, particularly if you’re burdened with high credit card processing fees. By eliminating these fees, nonprofits can redirect funds towards their mission, using the money to make good on the organization’s mission or even for outreach, education, or even expanding their staff.

 

Non profits aren’t exempt from economic factors. For instance, like for profit businesses you are likely battling issues such as reduced supporters during these turbulent times.

 

It’s not unusual for nonprofits to face processing fees of 3.5% or more. Simply eliminating these fees can be a game-changer. By implementing a surcharge on credit card transactions, nonprofits can offset these expenses while still offering supporters the option to pay by debit card or cash to avoid a non-cash rate adjustment. This concept of cash discount programs and surcharge programs for nonprofits is not new and has been utilized effectively for some time.

Nonprofit cash discount programs and surcharge programs are increasingly being adopted by charitable organizations. Many nonprofits overlook their merchant statements, which can be a costly oversight. The sector is rife with both overt and hidden fees, including credit card processing fees, PCI compliance fees, gateway fees, terminal fees, software fees, annual fees, and more. Imagine a scenario where these fees didn’t exist. That’s the vision behind the program we’ve developed at EliminateCardFees.com.

 

The financial benefits for nonprofits can be substantial. Larger organizations often see significant savings, but even smaller nonprofits can feel a profound impact, particularly if they’re burdened with high credit card processing fees. By eliminating these fees, nonprofits can redirect funds towards their mission, whether it’s for outreach, education, or even expanding their staff.

 

The significance of these savings is critical, especially considering the effects of inflation on many organizations. Like many others, nonprofits have seen both the cost of goods and labor rise sharply. A recent report from the Bureau of Labor Statistics indicates a 4.5% increase in labor costs.

 

It’s not unusual for nonprofits to face processing fees of 3.5% or more. Simply eliminating these fees can be a game-changer, allowing organizations to manage increased labor and operational costs without raising prices. By implementing a surcharge on credit card transactions, nonprofits can offset these expenses while still offering supporters the option to pay by debit card or cash to avoid a non-cash rate adjustment. This concept of cash discount programs and surcharge programs for nonprofits is not new and has been utilized effectively for some time.

The advantages of a nonprofit surcharge program from EliminateCardFees.com are numerous. Unlike other services that merely reduce credit card fees, our program eliminates them entirely. You’ll never need to go searching for a new processing solution because everything else will be a net increase.

 

This is a key benefit, as most processing reps will offer to only reduce fees by a few basis points. The real savings come when you eliminate them entirely. If you haven’t already, check out the calculator above to see how much your nonprofit could save.

 

Another significant benefit is the elimination of all other fees. Nonprofits are often subject to a variety of unpredictable fees, including early termination fees, monthly fees, terminal fees, internet fees, batch fees, statement fees, and more.

 

Continuing with the benefits, our program doesn’t lock you into an expensive contract either like the competition typically does. You’re free to leave the program at any time if it doesn’t meet your needs.

 

The technology that comes with our program is state of the art. With Google Pay, Apply Pay, & tap to pay, you’ll have all the modern features you need. Our technology can even help you grow donations from your supporters! This is done with innovative text marketing, cross marketing, happy birthday & anniversary wishes, and more!

google pay apple pay cash discount programs
google pay apple pay cash discount programs
The key advantages of using Google Pay & Apple Pay cash discount programs are consumer convenience. A perfect example recently happened in my personal life. I ran out the door to bring my two kids to the park and had a blast. Afterwards, they got hungry and requested McDonalds. I pulled into the drive through and forgot my wallet! Rather than entertain the thought to go 10 minutes home then 10 minutes back, I remembered I could use Google Pay! This made my day.
Now for the merchant, if I wouldn’t have been able to use Google Pay then they potentially could’ve lost my business. When I went home to grab my wallet, I likely would’ve just tried to make the kids some food at home. I don’t think there is one larger advantage than keeping a customer to place an order as opposed to having a customer leave because they forgot their primary payment method.

Disadvantages of Google Pay & Apple Pay Cash Discount Programs

As for consumer disadvantages of using Apple Pay or Google Pay cash discount programs, there would be a couple. In my opinion it is battery life and the requirement of internet connectivity. If you have no internet or a phone with no battery, this payment method will simply not work.
There are also a couple merchant disadvantages as well. One would be the requirement to have a modern terminal. Most companies charge for modern terminals or to upgrade an existing terminal. So there would be a cost associated with it. Another large disadvantage similar to card transactions is that payments can be disputed.
Both Google Pay & Apple Pay have have partnered with various POS systems and payment processors to accelerate adoption. The more integrations they are able to accomplish, the less likely a merchant will need to upgrade their terminal. This has had a profound impact on adoption as a merchant would gladly accept this form of payment as from their side it is nearly identical to accepting cards.

What Our Internal Data Says About Apple Pay & Google Pay

Based on our internal data, recent changes have made U.S retailers happy to accept Google Pay & Apply Pay. When the Covid-19 pandemic hit, when businesses re-opened they did not want to handle cash which may be covered in a virus which was spread very easily. This would put their staff in danger of acquiring the virus which is avoidable with contactless payments. Supermoney wrote an incredible article on Apple Pay & Google Pay and includes some great takes on the topic.

Google Pay & Apple Pay have evolved greatly. In my opinion, it is mainly about integrations. For instance, you can now use Google Pay & Apply Pay with public transportation. I expect to see continued integrations so utilizing this payment will be as popular as utilizing a credit card. In the future, I see more countries will be able to utilize this innovative payment technologies in which the advantages greatly outweigh the disadvantage for both the consumer and the merchant. Google Pay & Apple Pay cash discount programs will continue to thrive and take marketshare in our opinion.

17 Oct, 2023

Something to keep in mind when you are wanting to eliminate all of your credit card processing fees is that you have primarily two options. You can opt for a cash discount program or a surcharge program. Both are exactly the same when it comes to eliminating the credit card processing fees but the programs differ when one chooses to pay with cash.

Both of these programs have their advantages and disadvantages which we will review on this blog post. The goal is to help those who are unsure which direction to take when comparing a surcharge program vs a cash discount program.

The reason why most people get this far into the research process is simple. Instantly realizing an extra 3%+ on gross revenue (if a majority is credit card sales) is an attractive proposition. To become more profitable, you must cut expenses or increase sales. You can turbocharge your business by utilizing the savings to fuel additional advertising or marketing efforts proven to yield a positive ROI. But let’s take a look at when you could use each program.

When You Could Choose a Cash Discount Program

A cash discount program works great in commoditized industries. This is because you can attract customers by marketing your cash discount program that cares about deals. Most people prefer coupons and saving money, especially with high inflation. Some examples include convenience stores, grocery stores, gas stations, etc.

You can buy a coca cola anywhere but instead of you paying the credit card processing fees and receiving 3.5% less, you offer that discount to the customer. This enables you to stand out from all the other companies just doing the status quo and expecting to grow.

Also keep in mind that while the marketing sounds great, many people will happily pay more money for the convenience of using their cards. Want a perfect example? How often do you run into the gas station to save a few extra percent on gas? Sure – some people do. Based on my observations nearly every single car always inserts their card into the gas station pump.

When You Could Choose a Surcharge Program

A surcharge program works great in non-commoditized industries. You might be thinking, when is price ever secondary!? There are a few industries! Such as hotels that always charge resort surcharges, parking surcharges, and credit card surcharges will just be looked upon as “another” expense, etc.

Also consider plastic surgeons or cosmetic dentists, many patients will search for days, weeks, or months to find the perfect surgeon by analyzing their before and afters. Surely a customer who has gone through extreme due diligence wouldn’t mind paying an extra 3.5% to 4%. In fact, recently after getting new tires there was a sign in the shop that said all credit card transactions will incur a 4% non-cash rate adjustment. So even auto repair shops are using surcharge programs.

Surcharge programs work great if you prefer not to give a cash discount to your customers and be ultra-profitable with the transition from traditional processing to a surcharge program. You’ll have your credit card fees covered and cash covered, netting 100% of the sale price every time.

12 Sep, 2023

Eliminate Card Processing Fees

Zero Setup Fees

No More Annual Rate Hikes

Increase Net Revenue. Instantly.

Free Point of Sale Terminal* (POS)

No Contracts

Eliminate Credit Card Processing Fees!

Let’s use a $100 example.

 

So in this example – if a supporter decided to donate with cash you would have two options. If you opted for the cash discount program, you could reward them by offering a 4% discount for a total of $96.00. This is because if you took a credit card at a $100.00 transaction, after your current fees, you would net $96.00 so you are passing that savings to your customer. Your terminal would do all the calculations for you. If you opted for a surcharge program, there would be no cash discount. Surcharge programs for animal hospitals are available in most states. Contact us for details.

 

If your supporter chooses to pay with a credit card with either a cash discount or a surcharge program, a 4.0% non-cash rate adjustment would be added to the $100. This would make the total $104.00. This amount would cover the processing fees that are currently being deducted from your bank account.

 

So say goodbye to enriching the large processing companies and you’ll net the same as if you took cash. Remember, your client has the choice to avoid the rate adjustment by paying with cash. Many times, clients just pay with their credit cards to stack airline miles or other benefits from their exotic credit card reward programs.

Request a Call With Us

APPLICATION

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.

APPROVAL

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.

DETERMINE DISCOUNT

Our team will analyze your historical rates to identify a discount rate that is applicable to you. Typical rates are 3-4%.

PLACE SIGNAGE

To maintain compliance, you will have to post the signage. This is also great as it shows customers that you offer a cash discount!