Questions & Answer

Visa, Mastercard, Discover and American Express

The fee your customer will pay depends on your business’s average ticket as a whole. If your business’s average ticket is $0.01 – $10.00 your customer will pay an additional $0.49 on their total bill. If your business’s average ticket is $10.01 – $15.00 your customer will pay an additional $0.59 on their total bill. If your business’s average ticket is $15.05 – $20.00 your customer will pay an additional $0.69 on their total bill. If your business’s average ticket is $20.01 and above, they will pay an additional 3.95% of the transaction on their total bill. For example, if the total ticket is $100 then your customer would pay $103.95.

Payment Card Networks cannot stop you from offering your customers a discount or another incentive for using a certain method of payment, as long as you offer it to all your customers and disclose the offer clearly and conspicuously. We provide to you all the signage needed to display in your business.

No, the Cash Discount program, while similar, is actually very different, particularly in the eyes of Visa and MasterCard. The surcharge is allowed in all but 10 states (California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas, plus the U.S. territory of Puerto Rico).

Yes, we do not offer a cash discount program in South Dakota, Hawaii, West Virginia and New Mexico.

When a fee is incorrectly applied to a transaction, any additional fee charged to those consumers using a credit card is labeled a Surcharge and that is expressly forbidden by Visa, Mastercard, and the processing provider without taking very specific steps. This can lead to steep fines and termination from accepting Credit Cards. Additionally, you are forbidden by Visa, Mastercard, and the Processor’s rules to profit on a credit card transaction, which could happen if you accidentally charged more than you were being charged by the processor. By utilizing the ibuxx. Cash Discount program, we establish proper pricing for you to ensure you stay within all stated guidelines and implement a cash discount program correctly.

Nobody wants to pay additional fees, more and more cardholders are starting to realize just how expensive it’s been for merchants to accept credit cards. By charging a small service fee on a sales transaction, is a small price for cardholders to pay for the goods and services you provide.

Cardholders see this fee a lot when they pay bills online or purchase from international websites. We’ve all become accustomed to paying $2-4 when we use an ATM and this cash discount fee is actually cheaper than the ATM fee for most transactions.

Once you explain that you’re trying to keep the cost of your goods and services down, most will appreciate this.

Sometimes cancellation fees can be extremely high! In many cases you can wait a month after switching before the fee catches up with you, and by then you will have saved significantly on the new program. In the long run you will be far better off to switch and start saving ASAP.

“In order to correctly implement a Cash Discount program, you don’t need to change any of your prices, you simply follow our ibuxx Guidelines and provided signage that states that all transactions now carry a $0.49, $0.59, $0.69, or 3.95% customer service charge. The ibuxx technology is provided by Impact PaySystem LLC, in conjunction with our hardware partners. However any consumer who pays with cash, will have this fee waived. Your posted prices are your cash prices. Consumers who pay with a method other than cash will see a $0.49, $0.59, $0.69, or 3.95% service charge that is programmed into your ibuxx terminal, so there are no additional steps for you.

Each additional terminal will be a $10 monthly rental or can be purchased for $195 plus tax and shipping.

PRODUCT SOLUTIONS

Terminal

$19.95Monthly

Mobile App

$29.95Monthly

Mini POS

$49.95Monthly

Point of Sale

$99.95Monthly