There are all sorts of credit card gimmicks these days.  Are they legit?  Do they save your business money?  How hard is compliance?

Offering your customers a discount for paying with cash or check is nothing new. 

Neither is adjusting how much a customer pays if they use a payment type that results in higher processing costs for the business owner. While these concepts have been around for quite some time, they have recently been brought back into the spotlight, especially for businesses hard hit during COVID.

Today, we are here to talk about one of the easiest ways to save money on your credit card fees - through the Non-Cash Adjustment (NCA) Program:

With a Non-Cash Adjustment, your list prices have a  built-in cash discount incentive. Customers who pay with credit and signature debit cards do not receive the discount and will see a Non-Cash Adjustment on their receipt.

On average, businesses can save $9,500 a year simply by sharing their processing costs with their customers. 

But make sure use a trusted partner when implementing this programs - you want to make sure you are staying compliant with the program!

What does it mean to share credit card fees with customers?  We have had several inquiries lately, so thought we would pass along a little bit of information.

If you are a business that accepts credit cards, you know that there are fees involved.  And historically, a customer that pays in cash pays the same price as a customer that pays with a credit card.  Many just accept this as the cost of doing business. However, with card acceptance at 80% or higher, businesses are starting to take a second look at the fees and ways they can share these fees with customers that want the convenience of using their card. 

Start saving some of those fees to put back into your business.