Dealer Merchant services provides a unique and compliant solution to help automotive dealers take advantage of the recent legislative changes with software backed by a US Patent.
This new legislation regulated interchange costs on debit cards and federalized the idea of a merchant offering a discount to incentivize customers for paying with alternative methods.
Unlike other developed countries these fees have not been regulated. The Durbin Amendment and Supreme Court Case Expressions Hair Design V. Scheniderman created a spearhead for change!
Provide us 2-3 months of merchant statements for a review of your current fees. We will provide a free cash savings analysis and a 15 minute review to see where you can save.
Depending on your state’s laws, you DO NOT need to change the price on the shelf or menu. You can leverage new technology solutions to implement a price increase at the register.
*Compliance is crucial! Make sure you have the right technology and signage notifying your customers about new pricing.
Based on your store we will create a program specifically for your needs.
Offering a discount to those who pay with lower cost forms of payment like cash, gives your customers the power of choice.
Stop covering the cost of cash-back rewards for your customers. Instead, reward them for paying with cash in your business!
This discount can be implemented at the register and even displayed on the receipt. That shows customers you value their decision to use low-cost forms of payment.
Point of sale software is used to collect the extra revenue from the price increase each day and apply to your expenses. As a result, we eliminate all percentage and per-item fees for your credit card transactions.
Some merchants attempt to create their own program for collecting more from credit card transactions. However, these programs are often non-compliant for several reasons. The programs, also, never seem to collect the right amount to cover their costs.
Our staff is trained on how to present this new policy to the customer and we see very few issues and we have seen tremendous increase in profitability.