The cash discount merchant services program was launched by the American Merchant Investment Group to appeal to the demands of small businesses in the US. It is the only merchant account service that exclusively caters to those tiny businesses. The program enables retailer savings of around 25% on purchases made using credit cards, debit cards or electronic checks.
The cash discount merchant services program operates by supplying merchants with reduced fees for purchases they make. They're also provided with a discount on rates they pay to the bank. The bank has negotiated discounted rates with providers of products and services it sells. The decrease rate is given as a result of a diminished risk by the lender. The bank delivers the merchant reduction by cutting the quantity or frequency of card earnings, as well as the quantity of credit or debit transactions processed by its customers. The reduced quantity of these sales leads to less income into the merchant.
The cash discount merchant services offer flexible payment terms to their customers so as to keep customers and to promote new ones. The merchant can select the length of the payment interval according to your own needs. This can be an attractive feature to the client who finds it easy to budget his payments. This flexibility of this payment terms aids the retailer to manage cash flow and credit or debit card balances.
To qualify for the cash discount merchant services program, a retailer needs to have a valid business license from the local authorities. This is a mandatory requirement for many merchants in order to access the program. The permit is issued following a merchant has fulfilled the requirements laid down by the government. The program can be performed online or by approaching the local government. A while is taken in checking out the eligibility of the merchant, however, the process is quite straightforward and requires little documentation to be submitted.