Hickory, North Carolina–

Payment.Software is honored to announce the addition of the cash discount service to their collection. The company, which has previously aided businesses in their money matters by offering payment processing devices and services, is now expanding into this cash discount practice to assist enterprises struggling under an increasingly inflationary market. 

“Many businesses are feeling the pressure of inflation,” holds the company’s founder, Jason Reid. “Several companies are adding a percentage to the total price of their services or products and calling this a ‘card fee.’ This practice requires proper steps to be followed, and many businesses aren’t doing that.”

The upcoming cash discounts are projected to be the company’s most popular service, particularly with inflation hitting businesses. The company explains that cash discounts benefit the merchant so that they don’t have to pay credit card fees. Payment.Software has discovered and developed its own way to conduct the procedure, which many businesses pay to get their hands on. Payment.Software plans to aid these businesses by informing them of essential steps to the process.

Some advice that Payment.Software offers about the service is that, to add an extra charge to the already existing fee, “it has to be itemized and can never directly hit the merchant’s account.” Reid explains that the fee must be a separate line item on the receipt and must be deducted from the payment process before it hits the merchant’s bank account. The company is aware that this technique raises many tax and payment plan questions—all of which Payment.Software desires to answer.

Payment.Software plans to offer this service for in-store merchants and online for WooCommerce websites. They also hope to do this as a replacement system to QuickBooks payments and beat their rates. “This way,” claims Reid, “business owners can keep their prices the same, increase their margin to help hedge against inflation, and make sure they’re legitimate in the way they’re adding the fee.”

Payment.Software helps business owners with flexibility in their payment processing systems by offering tools like  Clover machines, Deja Vu, Pax, and several other types of Point Of Sale Systems. The business has often worked with high-risk merchants, like those selling health supplements. Another recent service they have added in the last few months is configuring merchants in-person and online to add credit card fees with their payment gateway legitimately. This practice, similar to cash discounts, also serves as a way for businesses to withstand an inflationary market.

After realizing how the economy was, Payment.Software looked into this practice and noticed that many businesses were not abiding by these methodical rules. Payment.Software maintains that the benefits of this practice are that business owners won’t have to raise product or service prices but can instead charge an extra cash discount to protect from an inflating market.

Payment.Software is a payment processing company that offers merchants and businesses products like Clover machines. They are recently focused on helping businesses legitimately install cash discounts and charge credit card processing fees. Through these practices, the company aims to help enterprises charge money to hedge against inflation.

You can learn more about Payment.Software at their website https://payment.software/about-us/ and by emailing Jason Reid at [email protected]