Cash discount program
Posted prices are card prices, and customers who pay cash get a discount. Set up compliantly, with signage and receipts handled.
Pricing
Pricing built for how you run.
Cash discount for restaurants. Interchange-plus also available for larger groups. Review the programs below, then get your pricing in writing.
Two programs, both quoted in writing
Interchange-plus
Interchange and card-network assessments passed through at cost, with our margin stated separately. The margin does not change by card type.
- Monthly account fee
- In your quote
- Setup, onboarding and training
- Included
Your written quote confirms your pricing and any monthly fees.
Compare
Compare the whole bill.
Published processing fees are only one part of the cost. Compare your card mix, hardware, software and monthly charges against a written VitaPay quote.
Square and Stripe publish their standard US processing rates on their own pricing pages, with paid plans, custom pricing and add-on fees that can change them. Check the current figures there.
VitaPay: a cash discount program or, for larger groups, interchange-plus. Your written quote names your pricing and any monthly charges.
Compare my statement
See your actual costs side by side before deciding.
Sources: Square's published fees and Stripe's published fees. Both providers offer custom pricing. Savings depend on your quote and actual transaction mix.
Where it goes
Most of what you pay is not ours.
On a card sale, the largest share goes to the bank that issued your customer's card, and a small slice to the card network. Neither of those is negotiable by anyone. What a processor actually competes on is the third piece.
Where the cost of a card sale goes
Interchange: to the bank that issued the card.
Network assessments: to the card network.
VitaPay margin: the part set by your processor.
On interchange-plus, all three appear as separate lines on your statement.
Not on your statement
The fees we do not charge.
These are the lines that turn an advertised rate into a real one. They are named here so you can check them against whatever you are on now.
Statement fee. A charge for being sent a bill.Batch fee. Charged every time you close out a day's takings.Annual fee. Usually landing in a quiet month when nobody is reading the statement.Monthly minimum. A penalty for a slow month, which is exactly when you can least afford one.Early termination fee. There is no term, so there is nothing to terminate early.
How to compare
Why a lower headline rate is usually worse.
Tiered or bundled pricing
You are quoted one attractive rate for a "qualified" transaction. Then cards get sorted into mid and non-qualified tiers by rules you do not control, and most of your volume ends up outside the rate you were sold. The processor's margin moves with the sorting, and nothing on the statement tells you by how much.
A rewards card, a corporate card or a keyed-in sale can all quietly leave the qualified tier.
Cash discount, the default for restaurants
Your posted price is the card price, and customers who pay cash get a discount. The program is set up with signage and receipts, and your pricing is quoted in writing.
Interchange-plus, for larger groups
Interchange and assessments appear on your statement at cost, exactly as the networks set them. Our margin is one number added on top, and it is the same on every transaction regardless of card type. If interchange rises because your customer mix changed, you can see that it was interchange and not us.
Hardware
Terminals, bought or leased.
Buy your terminals outright, or lease them if you'd rather spread the cost. Either way, you see the full price and term in writing before you sign.
Countertop
Ask for pricingTap, chip, swipe and PIN debit for a fixed till.
Handheld
Ask for pricingPay at the table, on the van or at the job site.
Phone or tablet
Use your own.Use hardware you already own, with a reader if you need one.
Do not take our word for it. Check your own statement.
Send us the last statement from your current processor and we will show you, line by line, what you pay today, then quote your pricing in writing.
