If you’re looking for a great way to lower your credit card processing fees, Celero Choice is your solution! Let’s discuss this breakthrough program, first launched during the pandemic, and the benefits you’ll see as a business owner.
What is Celero Choice?
Over the past few years, credit card issuers have steadily increased the rewards given to card holders, and this has caused more people to reach for their card instead of cash while shopping. While this is great for the consumer, it has unfortunately pushed the cost of merchants accepting credit cards higher and higher. Many merchants are shocked at how high their bill is each month but we’ve developed a way to prevent high processing costs.
Celero Choice is a cash discount program that enables businesses to add a non-cash service fee to all purchases made via credit card.
How It Works
Here’s how Celero Choice works: Your customers are given the choice to pay the bill balance “as is” using a credit card or accept a discount in exchange for paying with cash. For any non-cash payments, a small service fee is added to the purchase cost. With cash discounting, you’re able to let the customers help pay for the rising fees related to rewards cards. It’s perfect for merchants who frequently transact small ticket items, such as gas stations, coffee shops, and fast food restaurants. By encouraging customers to pay via cash, this program helps to eliminate many processing fees altogether.
Why You and Your Customers Will Love It
This simple process is legal, beneficial to merchants, and appreciated by customers–you’re giving them more choice (it’s in the name, after all). Many consumers are becoming increasingly aware of the high processing fees charged by credit card companies. Surveys have shown that 80 percent of respondents said they wouldn’t think twice about paying a $1.00 fee on a $25.00 transaction for the convenience of using their credit card. A majority of consumers are understanding of the plight of small to mid-sized businesses when it comes to the costs of accepting credit cards, as well as other costs of doing business.
When it comes to setting up cash discounting at your business, Celero Choice couldn’t be easier. We’ll handle the set-up, in-store signage, and employee training. All you have to do is sign up, go about your normally scheduled work, and start saving money. While this won’t completely eliminate your monthly credit card processing fees, Choice will significantly lower your bill. Many merchants that implement this program see their fees drop below $50.00 a month, even if their prior fees were several hundred or even thousands of dollars!
Are you interested in learning more about Celero Choice? Contact us today for additional information and guidance on getting started!