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Dual Pricing: Offering Customers a Transparent Choice
- Dual pricing, also known as cash discounting, provides customers with two payment options: a lower price for cash or ACH payments and a slightly higher price for credit card transactions. This approach allows businesses to manage processing costs while giving customers flexibility in how they pay.
Convenience Fees: Managing Costs Through Surcharges
In addition to dual pricing, businesses can implement a convenience fee surcharge for credit card transactions, helping to recover processing expenses. These surcharges must comply with applicable regulations, ensuring clear and transparent pricing for customers.Seamless Integration with Sage Software
To support these cost-saving strategies, ERP Payments offers a solution that integrates directly with Sage software, providing:- Flexible Pricing Options – Set different prices for cash and credit card transactions.
- Automated Fee Calculation – Apply surcharges within credit card transactions efficiently.
- Detailed Reporting – Access comprehensive insights into collected fees for accounting and compliance purposes.
Business Benefits of Optimized Payment Processing
- Cost Management – Reduce or offset credit card processing fees.
- Sustained Profitability – Maintain healthy margins regardless of payment method.
- Customer Transparency – Clearly communicate pricing differences to build trust.
- Enhanced Payment Flexibility – Provide multiple options tailored to customer preferences.