Best

Top 5 Cash Discount Companies

When selecting a cash discount company it is important to take into consideration the rates they charge for each transaction, for the sum of transactions, and for the quantity of transactions. During our analysis of cash discount vendors we spend time comparing how each servicer calculates the cost savings of surcharge payments to and for their merchants and how those costs fare between different competing cash discount agencies.

It is also important for the cash discount vendors to offer a variety of solutions and packages for merchants of all shapes and sizes. During our analysis of competing cash discount providers we spend time understanding the different services, offered by each and how they affect a merchant’s ability to process cash discount on payments. We also analyze whether the cash discount vendors offers different ways to accept credit card payments and if they offer mobile and ecommerce payment solutions.

An important aspect of a cash discount vendor is having an established state of the art technology platform utilizing the most up to date hardware and software systems. Cash discount vendor programs are evaluated for aspects such as if they accept all major credit cards, debit cards and contactless payments like Apple Pay and Google Pay.

Efficiency is measured based on the internal processes and strategies used by each cash discount merchant services provider to ensure the process for accepting a payment is quick and effective. It is important for the cash discount vendor to also have internal processes for fraud detection while also ensuring the accuracy of payment information without slowing down or placing additional stress on the incoming and outgoing processes.