What is a Cash4Swipe Transaction?
Our Cash4Swipe system provides your customers with the convenience of using ATM/Debit cards to be able to make purchases or get cash back at all types of businesses. The customer will pay a surcharge fee for the convenience, which helps them avoid a drive to the bank or another destination saving them time and hassle. Customers are able to access their bank accounts with this machine without leaving the establishment.
Not everyone qualifies for or carries credit cards with them. In fact, nearly 100 million consumers cannot qualify for a credit card, so they rely on their ATM cards. Adding our Cash4Swipe system to your store provides convenience for your customers because they don’t have to leave your store to get cash.
How does the process work?
It’s simple. First, the merchant slides the customer’s ATM/Debit card through the Cash4Swipe terminal and chooses from which account to withdraw funds (checking, savings or credit). Then the customer enters the PIN on the pin pad. The merchant enters the amount of the transaction and asks the customer to agree to the convenience fee that is set by the merchant. Then the terminal connects to the card network and validates the transaction in a matter of seconds. The Cash4Swipe terminal prints out a customer’s receipt and a copy for the merchant.
Why Merchants Choice?
We make merchant processing simple. We offer the only merchant service processing around that not only does not cost you a single penny in processing fees, but it also generates additional revenue for your company. We are proud of the fact that we are able to offer you a new way to generate revenue while offering customers more payment options. Merchants Choice delivers payment processing solutions to help you grow your business. The new generation of merchant services is here.
- Eliminate credit card and debit fees.
- No monthly statement fee if you perform more than 100 transactions each month.
- Earn money on each transaction.
- PIN based. Any card with a PIN can use your machine.
- Fast approvals.
- No bank changes.
- No monthly minimums.
- Customers can check their balance and withdrawal cash.
- Prevent the liability of a cash ATM machine.
- No start up fees except for the $199 equipment cost.
- Reduces cash handling time and fees.