Eliminate Credit Card Processing Fees with the
ZylchPay Cash Discount Program
What Is ZylchPay?
ZylchPay’s Cash Discount Program is a proven, turnkey approach to help merchants save money by eliminating merchant processing fees.
Our Cash Discount Program is not a convenience fee or a surcharge. Merchant’s simply price their items at cash discount prices. When a customer chooses to pay with a credit or debit card, a non-cash price adjustment will be passed through to the customer and deposited in the merchant’s bank account the following day.
How It Works
Real-World Example
For the sake of simplicity, let’s say the customer makes a $100 purchase. Below is an example if the merchant were to charge a 4% Customer Service Fee.
Customer Transaction with Convenience Fee
The customer’s credit card receipt will display the $100 charge for goods and services and an additional line item for the 4% service fee.
Sale and Fee Amount Deposited into Bank Account
The total amount of $104.00 is deposited in the merchant’s bank account the following day.
Convenience Fee Paid by Merchant
The 4% surcharge is taken from the merchant’s account in lieu of monthly processing fees.
Standard Fees
vs
Cash Discount
1.95%
True Effective Rate
0%
$5.95
Industry Compliance Fee
$5.95
$785.95
Total Monthly Charges
$5.95
Total Savings of $780!
Innovative, cloud-based POS for full-service, quick service, bar, nightclub, and food trucks that supports cash discounting.
Gorilla Tech POS
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