SWIPE4FREE Frequently Asked Questions

Most commonly asked questions about our NO Fee Credit Card Processing and FREE Credit Card Processing service.
1I already charge my customers extra for using credit/debit cards
Manually adding charges to customers using credit cards is forbidden. Visa, MasterCard, Discover & Amex are currently cracking down on this and if caught the merchant could face the following penalties:
Added to MATCH list which prevents them from ever accepting credit cards again
$50k fine from each provider (Visa, MasterCard , Amex, discover)

Our Terminals are pre pre-programmed and authorized to add a convenience fee to each transaction to offset the cost of processing sales.
2I’m scared I will lose customers by adding a convenience fee / surcharge
Customers are already paying fees in many other businesses so this does not come as a surprise to them. Our merchants are no longer setting minimum credit card purchase requirements and are actually seeing an increase in sales. The feedback is consistent. For the first 30-60 days 5%-10% of customers ask a question about the fee and less than 1% of customers have turned down the sale due to the fee. Remember, when the customer pays cash the fee is waived. Our business owners have reported an increase in cash sales and profits across the board.

Other Businesses that charge Fees
Paying a Parking Ticket online
Utilities such Electric, Gas & Water charge anywhere from $5 top $10 for using a credit card to pay your bill.
Cell phone & Cable bills are comprised of fees that no one understands
ATM’s charge fees and then your Bank charges you a fee for using the another banks ATM (you pay twice)
Buying a movie ticket online cost an additional $5 for the convenience.
Using you card to buy gas costs an additional 2% per gallon
And many more
34% seems like a lot
On many transactions the cost we pay to process the transaction can be more than 4%. The 4% service fee covers:
All Transaction Costs (except EBT)
Merchant online portal access
Fraud Protection
Processing Platform
Next Day Funding (see qualified businesses)
Chargeback Assistance
24/7 Customer Support

Remember, there is no cost to you, so there is no bill or profits taken at the end of the month.
4Profit Margin
Depending on the business, profit margins typically are between 10% and 30% with that means by saving the 2-4% fees you are currently paying to accept credit cards.
You are increasing your profits by 10-30%.
5We prefer traditional credit card processing / Not interested in SWIPE4FREE
We completely understand that you are happy to pay the fees for your customers. As a courtesy, if you provide us with your most recent processing statement we will beat your current pricing and save you money. You always have the option to charge a convenience fee later on if you feel comfortable.
6Is free credit card processing a real thing or is it a scam?
Free credit card processing is a real thing! This service has been out for a while. Not all companies that offer this service have the same benefits that we do. We offer: next day funding, EBT transactions and 24/7 bilingual customer service.
7Is cash discounting legal?
Yes. Cash Discount programs are legal in all 50 states per the Durbin Amendment (part of the 2010 Dodd-Frank Law), which states that businesses are permitted to offer a discount to customers as an incentive for paying with cash.The Dodd-Frank law prohibits a payment card network such as Visa, “from inhibiting the ability of anyone to provide a discount for payment by cash, checks, debit cards, or credit cards.”

Learn More here: Swipe4Free Legality
8Is surcharging legal in New York?
Yes. Surcharging and Cash Discounting is legal in New York City and New York State. As of January 2019 the state of New York overturned the ban on surcharging and voted in favor of merchants to approve surcharging customers.

More Information can be found in the below articles
NY Court of Appeals Says Info Requirement on Credit Card Surcharge Doesn't Infringe Merchants' Speech Right
New York Credit Card Surcharges Get a Green Light as Merchants and the State Agree To Dismiss Lawsuit
Credit Card Surcharges OK’ed In New York
9What States is surcharging illegal in?
Surcharging is illegal in only 6 states. Colorado, Connecticut, Kansas, Maine, Massachusetts, and Oklahama are the only states that do not allow merchants to apply surcharging fees.

Previously, states such as Texas and New York banned surcharging but the states found in favor of the merchants taking their side in the battle against credit card processing fees.

In time, we're sure that surcharging will be accepted Nationwide.

Like to know more about NO Fee Credit Card Processing and FREE Credit Card Processing?

Contact us for more details.