Curious how much revenue you can instantly add to your car rental company? Cash discount or surcharge programs are savings some companies $5,000+ per month!
* Estimated Savings Per Month Based on a 3.5% Average Credit Card Processing Rate.
The innovative cash discount programs for car rental companies couldn’t have come at a better time. Our economy isn’t in the best shape. Several reports show that inflation is impacting businesses and many have not increased pricing to remain competitive. You must now fight inflation which comes with an increase in the cost of labor, cost of goods, and higher interest rates.
The results from our program are nearly impossible to match as EliminateCardFees.com truly helps you to eliminate all of your processing fees. Many car rental surcharge program clients have saved in excess of $3,000.00+ per month. How would saving around $3,000.00 per month impact your business?
You could add new vehicles to your fleet, hire additional staff, or do more proactive maintenance on your vehicles. As of 8/6/2023, Bank of America is offering car rental loans starting at 6.69%. Usually, those are attractive rates to get you in the door and typically are higher. Finding additional revenue in these tough times is a way to have a leg up on the competition. If you already have a large fleet and need an increase in reservations, using an extra $3,000.00 per month in a proven marketing channel can help you get reservations at a net-zero cost.
Of course, the main advantage of the car rental cash discount program is the savings. Most businesses are paying in excess of 3.5% when you factor in all the different fees. Many are unaware but you likely pay gateway fees, batch fees, annual fees, PCI compliance fees, and then the processing fees. They surely add up quickly and are responsible for taking thousands of dollars per month out of your pocket.
While cash discount program savings are a huge benefit – what you can do with the savings it was is truly impressive. The possibilities are nearly limitless. No matter what your goals – having consistent monthly capital to allocate towards your goals can never be a bad thing.
You would think that such a program would have their own fees. How else would you be able to pay 0% in credit card processing fees? Good news. Unlike other companies which charge monthly fees for this program, EliminateCardFees.com charges nothing. The means the savings you make, is the savings you keep. Our company makes a small percentage on the difference of our negotiated master wholesale rates vs the fixed 3.5% surcharge fee.
Your business can make money by increasing sales or reducing expenses. With our program you can effectively do both. Pay 0% in credit card processing fees which is reducing expenses and then use that money to fund increasing sales via marketing or advertising. The savings actually compound if you have an advertising channel yielding a positive ROI.
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+
The key advantages of using Google Pay & Apple Pay cash discount programs are consumer convenience. A perfect example recently...
Something to keep in mind when you are wanting to eliminate all of your credit card processing fees is that...
Eliminate Card Processing Fees
Zero Setup Fees
No More Annual Rate Hikes
Increase Net Revenue. Instantly.
Free Point of Sale Terminal* (POS)
No Contracts
The way it all works is pretty simple. First, with non-credit card purchases it depends if you opt for a surcharge program or car rental cash discount program. With a surcharge program, your prices remain the exact same. If you choose a cash discount program, you will discount the rate by 3.5% to incentivize the use of cash.
Whether you choose a surcharge program (available in most states) or a cash discount program, a 3.5% non-cash rate adjustment is added to the final price if you customer chooses to use a credit card. This price is typically the average of all credit card processing fees. You are not profiting from this at all, you are simply passing the fees you eat as a business owner to the consumer. Usually, customers are using these reward points to stack airline miles, cash back, etc.
How the program works at EliminateCardFees.com is quite simple. It simply costs $0.00 to get started and $0.00 in recurring fees to our company. That’s right. Say goodbye to setup fees, termination fees, monthly fees, annual fees, gateway fees, batch fees, and more. We’re so confident you’ll like the program it is truly risk-free. With no termination fees you can always go back to your old way of processing if you do not like the program for any reason.
The system works no differently than your current credit card processing terminal. The equipment we provide does everything for you automatically so it is truly effortless.
According to TripAdvisor, the average rental car in Florida runs $164.00 per day. So let’s say you have a customer renting a car for 2 days.
After implementing the surcharge program or cash discount program for car rental agency’s, your customer would see two options when they go to pay. If you chose a surcharge program, the price would be the same if they paid with cash ($328.00) . If you chose a cash discount program, the price would be reduced by 3.5% if paying with cash ($328 – $11.48 = $339.48).
The terminal asks if the client wants to pay cash or credit and then does everything above automatically. It couldn’t be any simpler. Something to consider is that you’re not increasing your prices. You are simply asking a customer to cover a more expensive method of payment. This is instead of allowing the credit card companies to take your money for fees. They do this in exchange for providing your customer with airline miles or cash back rewards from exotic credit cards.
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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