Back in May, I wrote an article explaining what cash discounting programs were. But since then, there have been significant questions about surcharging customers and convenience fees. Largely the curiosity lies in if they are the same thing as cash discounting programs or something else entirely. To clear up any confusion, I’m going to discuss the different types and highlight how they vary from one another.
Sometimes in the industry, we forget that most people do not understand its jargon. One prime example of this is the concept of integrated vs non-integrated credit card processing. To clear the air, I wanted to write a quick piece explaining the differences for businesses.
As a non-profit organization, your success lies in receiving donations. There are many types of fundraising options, such as direct donations, payments for special events, membership fees, and payments for merchandise. Having the right software at your fundraising events with the capability to handle the full suite of fundraising payment options, all while being easy for you and your donor to use, is ideal. Welcome to the world of ACH.
By 2021, most people have heard of cash discounting programs. It’s popping up everywhere from gas stations, restaurants, even to retail stores. With well over a decade in the payment processing industry, I’ve had countless merchants ask about it and wondered if it was the right option for their business, as well as the potential benefits.
For any business looking to simplify their collections process and reduce the amount of time they spend waiting for customers to pay, they need to set up recurring billing. To save even more money, using ACH payments over credit cards can bring the best value to your business both from an operations and financial size.