- Charge $100 – See $100
- Eliminate 95% of your processing fees
- 100% compliant with Visa, MasterCard, Discover, and AMEX
- Upgraded Equipment and Back-End Technology
- Computer Literacy not Required
- Save up to 90% of your payment processing costs
- 100% compliance with major card issuers
- Brand new state of the art equipment
- Accept EMV, ApplePay, and AndroidPay
- Take payments on the go with our mobile swiper
- Upgrade to a state of the art POS system
- Waive the service fee for special customers or circumstances
NO! There are no contracts or annual fees associated with our program. Cancel whenever you like with no penalty.
The answer to this is a resounding NO. We have hundreds of customers and very rarely do we hear a complaint. Customers are paying extra at the pump, medical offices, government agencies, and even liquor stores. Customers are used to this and as time progresses this will become common sense.
- 1. Clear and conspicuous signage is required by law to be displayed at the business entry point and at the point-of-sale to easily and accurately explain the discount program payment options – if a customer “chooses to pay with cash or check the service charge is discounted”.
- 2. The customer service fee or discounted amount must be present on any generated receipts from the transaction. PayLo software provides customer receipts that clearly outline:
- – Base cost
- – Cash discount
- – Total Sale
By uniformly assessing a set customer service fee across all products and payment types, merchants utilizing the PayLo Cash Discount program meet the standard regulations set forth by all major card service providers, state law and federal law. As part of our regular standard list product pricing a small service fee (much like an automatic service gratuity applied in some dining locations) is assessed on ALL sales regardless of how payment is made including checks, cash, credit-debit cards, gift cards, etc.
As stated in the Durbin Amendment (part of the 2010 Dodd-Frank law) businesses are permitted to offer a discount to customers as an incentive and to encourage customers to pay by alternative methods other than a credit/debit cards including either checks or cash in order to automatically receive a discount which is applied at the time of sale.
No discrepancies are made whether a PIN was entered or not. Under the Durbin Amendment there is no distinction between using a PIN or not and if the card is a bank debit card it is always considered a debit transaction – with or without a PIN number and never would such a transaction be considered a credit sale.
As of January 27, 2013 several Card industry changes went into effect with regards to the credit card company’s federal class action litigation settlement. The settlement requires Visa and MasterCard to change some rules for merchants who accept their cards, including allowing merchants to “offer discounts to customers who pay with payment forms less expensive than Bank Debit cards”.