Frequently Asked Questions

Dual Pricing Faq's

The Digital Payments Dual Pricing Program is a way for you the merchant to offset your merchant service fees without increasing your sale price.

Just about any business that accepts credit cards can benefit from Digital Payments. From auto repair shops and daycare centers to retail establishments and professionals like doctors, lawyers, dentists and accountants...Digital Payments can put more money in your pocket.

This is the fun part. Well send you everything you need in one handy package. You'll receive a payment terminal, along with signage for your front door and terminal area explaining the discount for cash-paying customers. You'll also receive free training, as will your sales staff. 

Just give us a call and one of our representatives will help you get started.  Call us at 718-801-0842. Welcome to the Digital Payments family of smart merchants who are saving money every day!

We have a 100% satisfaction guarantee. If for any reason you want to stop using Dual Pricing Program, we will immediately change you back to traditional interchange pricing. We got you covered!

Digital Payments is new, yet thousands of merchants are already using Digital Payments, and more are signing on every day. Gas stations have been using this program in the US for over 15 years. In addition, many national, state and local governments like the DMV, IRS, Post Offices, Schools and Courts use the program and new federal regulations now allow merchants to reclaim their fair share of processing fees. 

Not at all. We've made Digital Payments incredibly easy to order, set up and manage. If you have any questions, just give us a call and one of our super-smart (and very friendly) tech people we mentioned earlier will help you with any questions or concerns.

From NBCNews.com...
Visa, MasterCard in $7.3 billion settlement over credit card fees.
Plaintiffs attorney Martin Lueck, chairman of the executive board of Robins, Kaplan, said the allowed "Surcharge is actually a pro-consumer provision of the settlement. "Really it's a discount that the merchants are now allowed to offer for the less expensive form of payments," he said. He also said merchants would for the first time be allowed to disclose how much it costs them to accept credit cards
-Genaro C.Armas, Associated Press; Geoff Muvihill, Associated Press: Mark Scolfaro, Associated Press
CLICK HERE TO READ MORE

From Washington Post...
Judge Approves Visa, Mastercard $5.7 billion settlement with retailers. "It will reduce the fees and overall prices that consumers pay which is good for merchants and consumers," said Patrick J. Coughlin, one of the merchants' attorneys and senior trial counsel at Robbins Geller, Rudman & Dowd. "There will be more
transparency in the pricing" - Danielle Douglas
CLICK HERE TO READ MORE

This is not a credit or debit card surcharge program which is not allowed in several states. Digital Payments provides you with a technology that allows you to offer discounts to its customers who chose to pay using cash or check which is allowed in all states.

Frequently Asked Questions

General Faq's

Once your application is complete, the processing time is usually 24 hours or less, especially if we receive your application before noon EST. If approved, we will ship your terminal equipment or software promptly.
Visa, MasterCard, and Discover transactions are deposited next business day depending on the type of business.
You do not necessarily need to have a business license if you can provide a different acceptable documentation item that is required. These items vary depending upon the level of risk associated with your business.
You only need a business checking account if your business is set up as a corporation. If it is a sole proprietorship, you may use a personal checking account or a business checking account.
The discount rate is the fee that a merchant pays to the acquirer for processing services that enable the merchant to accept bankcards as payment. Our discount rates are extremely competitive. If we can't beat you current rate, Slice will give you a $100 gift card.

The Visa Network Participation Fee / Fixed Acquirer Network Fee applies to all settled
(batched out) U.S issued Visa credit card and Visa debit card transactions processed by a U.S. based merchant.
The fee will be billed on one line item and one amount on the merchant's month end statement with a descriptor of "Visa NPP" for TSYS merchants.
The fee amount will vary from merchant to merchant and is calculated by Visa based on a number of factors including:
 Number of Tax ID's

  • Card Present vs. Card Not Present
  • Merchant Category Codes (MCC)
  • Number of Locations
  • Visa Gross Monthly Sales Volume
    If a merchant does not process any Visa cards during the month, a minimum fee of $3.00 is still charged to the merchant.
Yes. Anyone who accepts credit card payments needs to comply with PCI-DSS rules.