50% of US companies are expected to raise prices this year.
Why not eliminate your monthly bill for credit card processing with
Cash Discounting, Dual Pricing, & Non-Cash Adjustment?
Dual Pricing/Cash Discount programs are legal in all 50 states per the 2010 Dodd-Frank Law which says businesses are permitted to offer a discount for customers paying cash.
Most customers qualify for a FREE cordless credit card terminals as well as a
FREE Point-of-Sale (PoS) solution for your business.
If you've been to one of the 200+ Spec's liquor stores, the first question they ask is "Cash, Debit, or Credit?"
They were one of the first companies to offer Cash Discount and Dual Pricing and advertise a 5% Discount for Cash, Checks, & Debit.
Titanium Payments on Trending Today
Titanium Payments Overview
1. PCI compliance processes
a. Titanium has a dedicated PCI administrator whose sole job is to walk merchants through the hurdles of PCI compliance. Merchants get live, hands-on support when they have a PCI question or issue.
a. Titanium is PCI level 1 certified and works with about a dozen gateways, all of which are PCI level 1 certified.
b. Titanium follows NIST CSF protocols.
3. Payment Processing Rates and Fees
a. Titanium offers Flat Rate, Tiered and Interchange + pricing models.
Our interchange + rates start at 0.50% for debit cards with 1% for credit cards.
a. Underwriting is often overlooked. Titanium underwrites all $9 Billion+ of our volume in house right here in Texas. When a merchant’s money is on hold or they need to get a large transaction pushed through, they can call in and talk to a live human, here in Texas, and get it pushed through in minutes, not days. This is make-or-break for a payment platform.
5. Founder Owned/Operated
a. Titanium is founder owned and operated. 29 out of the top 30 ISOs in this country have been bought out by hedge funds, VCs, or are publicly traded, Titanium is the last remaining privately owned large payments company.
b. When searching for a quality Payments Partner, the people supporting your merchants are just as, if not more, important than the integration itself.
6. In-house developer at your fingertips: Titanium has a team of developers at your disposal. We offer 100 hours of free development to qualifying merchants and offer subsidized dev rates for larger projects.
Cash Discount Notice on Veterinarian's Office Website
This is a real world example of a Cash Discount notice that a vet put on his clinic's website.
"Our veterinary's office values all of our clients tremendously and to show our continued appreciation for your patronage, we have decided to price all of our products and services with a “Cash Discount” payment option.
The vast majority of our clients pay with credit cards out of convenience and to earn rewards. What most people don’t understand is that businesses ultimately fund those rewards in the form of increased merchant service fees. As a result, their “cost of doing business” rises dramatically.
During this current inflationary period our supply costs have increased dramatically. So in an effort to keep our prices competitive, we have decided to price all of our products and services with a cash discount.
This means that all transactions using cash or check or even debit cards will receive this pricing, but credit cards will not. We will still continue to welcome these electronic payments, but they will incur a non-cash adjustment to help offset the additional processing fees.
We understand some clients may not agree with our position, but we are making this change to keep our prices competitive during this inflationary period while striving to exceed expectations for your pet’s veterinary care.
Thank you very much for your understanding and continued loyalty.
With warm regards,
Ready for a NEW
Point of Sale (POS) System?
Full-blown CRM for Marketing & Rewards
Detailed Sales Reporting
Employee Management & Tracking
Web-Based Inventory Management
Integrates with your Accounting Software
And merchants love the ability to manage their entire system remotely.
Update inventory, run reports, view transactions, analyze customer activity, all in real-time from any Internet-connected device.
Pricing and Discounts
Accounting and Payroll
Sales by Device
OVVI specializes in complete POS systems and POS software to meet the needs of almost any business environment, including restaurants, groceries, salons, convenience stores, and liquor stores, to name a few.
Feature rich software power packed with 600+ features and functionalities help any business owner optimize their operations
Enjoy the convenience of secure mobility with an Android-based wireless terminal.
Many of Titanium Payment customers qualify for a FREE contact-less POS terminal from Dejavoo that is cordless, works over wi-fi, 4G, and works with ApplePay/Samsung Pay.
From countertop, pin pad & wireless payment terminals to kiosks & vending machines,
Titanium Payments provides the perfect solution to meet your specific needs and budget.
Integration to Existing POS
Titanium Payments can integrate with many of the nation’s top Point-of-Sale (POS) solutions that are built for bars, restaurants, and hotels.
In most cases - depending upon volume, etc., - you can qualify for FREE all-in-one cordless POS devices!
Combine that with their wholesale pricing and you have a winning solution for your business and customers.
A simple way to increase sales, attract
new customers and reward loyal customers
with rewards keeping them coming back.
Custom-branded gift cards integrated into all of your point-of-sale solutions (included).
Download reports tracking how much of your sales are generated by gift cards
E-Commerce & Cash Discount
While cash discount programs are typically deployed for in-person transactions, many payment gateways and e-commerce systems can accommodate cash discounts too.
But how is that possible, you may be wondering?
Cash can't be accepted online, so how can I have a cash discount merchant services program for my e-commerce store?
Although you can't take physical cash, you can offer your customers a discount for using ACH or electronic checks (e-checks) for payment, similar to how you can offer a discount for cash payers in person.
Frequently Asked Questions on Cash Discounting
What will my customers say about the fee? Of the 1000+ merchants that are using Cash Discount, here is what they came back with:
1) The lower your average ticket, the less your customer will object.
2) On average 5 out of 100 customers will even mention the fee.
3) Once explained, only 1 out of 100 will object to the fee.
Is it legal? Yes, as of October 1, 2011, the Durbin Amendment went into effect.
This amendment, passed along with the Dodd-Frank Wall Street Reform and Consumer Protection Act, allows merchants to offer a cash discount to customers in all 50 states.
How do I explain the program? We have made this as easy as possible for you to adopt Cash Discount! We provide the signage, the verbiage and the itemized receipt to clearly and concisely explain the program .
What happens if a customer is upset about the program? If a customer is objecting to the fee, you can simply hit a skip-fee button on our cash discount terminals and the customer will not be charged a fee on that transaction and will know for next time that they should bring cash to receive the discount.
Is cash discount bad for business? Simply put, no, while we can implement cash discount for any business (Yes, even e-commerce.), you as a business owner have to think about how and when your customers pay for your product or service, what your average ticket is, and are the potential savings worth your time to switch? That said, we have clients on cash discount from restaurants & bars, brick & mortar retail, doctor’s offices, independent contractors and auto body shops to name a few!
What if it doesn’t work and I want to go back to paying the fee? Switching back to standard pricing is as simple as a pricing update and a programming update to your terminal(s). We have plenty of clients who try it for 30 days, knowing they can turn it off at any time.
However, most businesses find when they stop eating the fee and are saving thousands of dollars, they don’t want to go back to the old way of doing things!
Is Cash Discount the same as Surcharging? No. As of the making of this document, surcharging is still banned in six states(CO, OK, KS, CT, ME & MA). Think of Cash Discount as a delivery fee for a pizza restaurant, they charge a delivery fee because it costs more to deliver a pizza to someone’s residence.
BOTTOM LINE. You’re offering a discount to your cash paying customers because it cost more to accept a credit card and deliver the same product or service. Your service fee is your delivery fee.