EDGE PROGRAM
The EDGE cash discount program encourages your customers to save money by paying in cash. Plus, it allows you to avoid paying processing fees and increases business cash flow.
You pay $ZERO merchant account fees and $ZERO PCI compliance fees.
You keep 100% of the transaction amount up front.
In the simplest of terms, EDGE Program gives you the ability to offer 2 prices, one for cash and another for non-cash purchases.
Based on the form of payment, the EDGE Program will do one of two things:
A: EDGE will automatically assess a 4% credit card processing fee on customer purchases for all NON CASH (aka credit) SALES and print a receipt. To BE CLEAR your customers pay the non-cash price.
B: EDGE will alternative create a CASH purchase receipt for customers who pay with cash.
Both prices and receipts are automatically managed for you with the EDGE system, based on the form of payment. Your responsibility will be to provide a cash price and a non-cash price on your products. This is similar to many gas stations which charge a cash price and a credit card price.
This is different from a credit card surcharge program, which goes against VISA rules.
The EDGE Program will then use the FLAT rate charged and automatically cover all your processing fees, merchant account monthly account fees and PCI compliance fees.
With the EDGE Program you avoid paying credit card processing fees, merchant account fees and even PCI compliance fees.
Take a look at the receipt examples below.
HOW MUCH DOES THE EDGE PROGRAM COST?
Choose EDGE and you can pay ZERO with:
- No monthly fees
- No statement feess
- No batch header fees
- No PCI compliance fees
WILL MY CUSTOMERS BE UNHAPPY?
Currently 30% to 40% of all businesses a cash discount program, and the number of businesses is growing.
Customers already regularly pay processing fees for purchases. And customers always have the option to save money by paying with cash.
DO I HAVE TO PAY TAXES ON THE NON-CASH PRICE DIFFERENCE?
If your State requires that you pay Sales Taxes, then yes, you must report your sales as you normally would.
DOES PAYANYWHERE SOFTWARE WORK WITH THE EDGE PROGRAM?
Yes
WHICH EQUIPMENT WORKS WITH THE EDGE PROGRAM?
EDGE is set up at the same time as your merchant account. So, you can pick any terminal from our site and ask for EDGE to be activated on the merchant account.
WILL I GET ADDITIONAL INFORMATION?
Yes, you will receive additional information on how to implement EDGE pricing into your business practices.
CAN I START WITH A REGULAR MERCHANT ACCOUNT FEES, THEN SWITCH TO THE EDGE PROGRAM LATER OR VICE VERSA?
Yes you can. Inside of your online Payanywhere account is a section where you can request to switch to the EDGE Program.
HOW DO I GET STARTED?
Click on the button below and begin the merchant account setup process.
