What is Zero Fee Cash Discounting?
At Zero Fee Solutions we are unique in the fact that our services primarily focus on eliminating the rates and per transaction fees merchants normally pay. We utilize a program called cash discount. To give you some background, in 2005, a group of US business owners filed a large class action law suit claiming the credit card companies were violating antitrust laws by fixing prices to benefit banks. Basically, businesses were paying for the rewards and airline miles that the credit card companies and banks were offering credit card holders. In 2011, Congress responded by passing the Durbin Amendment. This allowed business owners to impose a $10 minimum on credit card transactions and offer a cash discount at the register for cash or check purchases.
Simply put, a service fee of 3.99% is charged to the card holders, not your business. We provide our clients with the legal signage explaining that customers receive a discount from the 3.99% service fee, if they pay with cash. In addition, customers receive an itemized receipt showing the service fee and total. Our clients pay a low, flat monthly fee in lieu of traditional processing fees. As a result, our clients save thousands of dollars.
Meet Our Zero Fee Account Executive:
Armando Taborga has over 9 years experience providing exceptional customer service in the merchant services industry. His experience and expertise has provided many businesses with a cost effective payment solution that has tremendously benefited his clients. Prior to entering the merchant services industry, Armando was a legal administrator for a large law firm in Washington, DC. Armando also served honorably for 9 years as a Staff Sergeant in the United States Marine Corps and served in Operation Iraqi Freedom.
Armando currently resides in southeastern Michigan with his wife and 3 children.
Please feel free to direct any questions to firstname.lastname@example.org or you may call him directly at (248) 220-7511.
To schedule a complimentary consultation you may book a time here.