Cash discount calculator.
Short answer: On $35,000 a month in card sales at a $42 average sale, Square’s published rate costs about $1,035 a month, or $12,420 a year. With a cash discount, the card price on the tag is 3.75% above cash, and that difference pays the card fees. Slide in your own numbers below.
Your numbers.
Today, card fees take about
$1,035
a month, or $12,420 a year.
With a cash discount, card customers pay the posted card price, 3.75% above cash. That difference pays the card processing, so a card sale leaves you the same as a cash sale. Every rate is in your agreement before you sign, and Paymantis pays your monthly service fee.
Where the money comes from: card customers pay the card price on the tag, 3.75% above the cash price. On $35,000 of card sales at your cash prices, that adds up to about $1,313, which pays the processing cost. This is an example using the published rate you picked, not a quote. Your result depends on your card volume, card mix, how many customers switch to cash, and the program’s final pricing.
Questions owners ask.
How is the monthly cost worked out?
Your card sales times the provider’s percentage, plus its per-sale fee times your number of card sales (card sales divided by your average sale). It uses each provider’s published in-person rate.
Is this a quote?
No. It’s an example using published rates and your numbers. Your real result depends on your card mix, how many customers pay cash, and your program’s pricing, which we go over before you sign.
Sources
General information, not legal advice. Rules change and differ by state and city; check the rules where your business is. See our terms and disclaimers.