We get it, cash is king. There are many reasons why people still prefer cash over accepting card payments, but the number one reason is because of the fees associated with debit and credit card transactions. Unfortunately, there’s a choice to be made: pay high fees on every card transaction you accept or lose business because you are only accepting cash. And let’s face it, while cash is still king, it may not be for too long.
We’ve seen so many businesses either decide to lose business or just accept the high fees as a fact of life. But with Goldberg Pay, you no longer have to deal with that double edged sword. You can accept card payments with no cost to you, the business owner. Now, obviously Amex, Visa, Mastercard, and Discover don’t work for free, and we’re not suggesting that. What Goldberg Pay can do for your business is flip the commission from you to your clients, after all you’re not the one earning airline miles or getting cash back, your clients are. All types of clients can apply for Goldberg Pay’s commission flip program. In fact, most of our clients who are accepting cards under this program are either restaurants, healthcare providers, business to business service providers, or businesses involved in the transportation sector.
This program may seem a bit complicated, so let’s break it down for you. Let’s say you’re the proud owner of “Super Quick Pizza’s Inc”, and you happen to sell a large hawaiian pizza for $20.00. Well, when your customer inserts their credit card into your terminal to pay for the pizza, they will pay $20.00 plus their card transaction costs, usually about 4%. So, in this example your client will pay a total of $20.80. You will receive your full twenty bucks, and the extra eighty cents goes straight to the card processing company, so you won’t have to deal with them.
If you sign up for the commission flip program, we will provide you with several posters and signs so, before a customer even walks into your store, they will know that if they pay with a card they will have to pay their own fees, while if they pay with cash the price doesn’t change.
Obviously, with Goldberg Pay we provide free basic equipment, so there really aren’t any costs to switching over. Now, we understand that if you’ve never accepted card payments or if you’re thinking of switching providers, this could sound like a big deal, so feel free to complete our online application and we will reach out to you within 24 hours. We will go over your specific payment acceptance needs to answer any questions you may have. Once you’re ready to move forward, we can get you approved within one business day, and we will even ship out your free basic equipment via 2-day air express.
By the way, our attorneys are begging us to add in the below legal jargon so feel free to keep reading if you like legal stuff:
American Express™ is owned by the American Express Company or its respected owner. Goldberg Pay is not affiliated with the American Express Company. Visa ™ is owned by Visa Inc., or its respected owner. Goldberg Pay is not affiliated with Visa Inc. Mastercard ™ is owned by MasterCard Inc., or its respected owner. Goldberg Pay is not affiliated with Mastercard Inc. Discover™ and Discover Card ™ are owned by Discover Financial Services. For States where charging a premium, fee or extra cost on customers who use a credit card or debit card to pay for products, services, fees or debts is illegal or prohibited by public policy then this program disclaims the following: (i) that there is a premium, fee or extra cost imposed on customers who use a credit card or debit card to pay for products, services, fees or debts. Instead, this program is a “Cash Discount Program”, where customers are incentivized for paying in cash and are offered a discount for paying in cash. Other forms of payment are not incentivized or typically offered a discount; however, they are not discouraged and card payments including credit card payments and debit card payments are fully allowed and accepted as a form of payment.
