Payment Processing Cheat Sheet
Your Quick Guide to Choosing the Right Option for Your Repair Shop
Compare Your Options
Here’s a simple overview of four payment processing models to help you save money and keep customers happy:
| Option | What It Is | Key Benefit | Key Consideration |
|---|---|---|---|
| Interchange Plus | Pays exact card fees plus a small, clear markup. | Transparent; saves significantly on low-cost debit cards. | Requires clear statements to track costs effectively. |
| True Cash Discount | Lists one price (includes card fee); cash payers get a discount. | Encourages cash payments, maximizes savings. | Works with all hardware & software; best optics. |
| Dual Pricing | Shows two prices: lower for cash, higher for card. | Clear for customers; encourages cash. | Supported by most hardware/software; commonly seen at gas stations. |
| Surcharging | Adds a 3% fee for credit card payments only; merchant covers debit card fees. | Passes credit card fees to customers. | Not allowed in some states; may impact card-using customers. |
Why Work with Repair Shop Payments?
Choosing the right payment processing model can be confusing. Repair Shop Payments makes it easy by:
- Offering transparent pricing with no hidden fees.
- Helping you save on debit card transactions.
- Providing expert advice to pick the best model for your repair shop.
- Providing free hardware and clear, compliant signage when needed.
Our True Cash Discount and Dual Pricing programs are the most profitable and work with most POS systems, saving you more.
Contact us today to find the perfect solution!
Get Started with Repair Shop Payments