Which Payment Processing Model is Right for Your Business? Dual Pricing vs. Interchange Plus?
When choosing the best payment processing model for your business, you’re likely to encounter two popular options: dual pricing and interchange plus pricing . Both methods have their benefits, but understanding the key differences can help you make an informed decision tailored to your business needs. At CS Payment Advisors, we specialize in helping small to medium-sized businesses navigate these choices to maximize cost savings and streamline payment operations. What is Dual Pricing? Dual pricing allows businesses to offer two prices: one for cash payments and another for card payments. This method effectively transfers the processing fee to customers who choose to pay by card, helping businesses save on transaction costs. Advantages of Dual Pricing: Reduced processing fees for merchants. Transparent pricing for customers. Increased encouragement of cash payments, which eliminates fees entirely. What is Interchange Plus Pricing? Interchange plus pricing, on the other hand, is a ...