Helping your Business

Keep More Money In Your Bank Account

FREE POS System and No Processing Fees - Contact us directly: (317)869-6922, or schedule a time that is convenient for you on our calendar by clicking here:

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KEEP 100% OF YOUR SALES REVENUE BY ELIMINATING CREDIT CARD PROCESSING FEES

Invoteq has been helping businesses throughout our country increase their bottom line by slashing outrageous credit card processing cost.

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How Free Processing works:

Our cash discount program allows the complete elimination of your processing bill, proper signage along with compliance software and full transparency allows you to put more money back into your pocket.

ONE STOP FOR ALL YOUR PAYMENT SOLUTIONS

Designed to fit mulitple processing mediums which include in-person, online mobile payments or by phone with our Cash Discount Program.Helping you take your business to antoher level with a seamless payment solution that will enable pople to purchase from you conveniently and securely.

POS Systems Solution

Virtual & Mobile

EMV Solutions

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EASY ONBOARDING PROCESS

Step 1

An online meeting is scheduled for your business representative to allow us to learn about your challenges and review any prior statements.

Step 2

Our team determines the best course to tackle your callenge – selecting the most idea payment technology to suit your needs and the best pricing and rates.

Step 3

We will present the solution that seems best for your business. Once you are comfotable with the terms, we will send a processing application to integrate and onboard your accounto to our payment platform.

Step 4

We will configure all of your systems and have those sent to your business.

Step 5

Help you and your staff to integrate into your new system.

Step 6

Support is provided 24.7.

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WHY CHOOSE INVOTEQ

OUR REPUTATION

100% RELIABLE

AFFORDABLE

OUTSTANDING SERVICE

ADVANCED TECHNOLOGY

CASH DISCOUNT FEES

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About Our CEO: Joe McKee

Joe McKee is the CEO of Invoteq and Priority Payments Midwest.

The one thing that gets Joe up in the morning is the ‘opportunity to play the game of life’.

He was born with the entrepreneurial spirit, his grandfather, who raised him owned a general store. Joe received his first experience of being in business working for his grandfather and feeling the sense of responsibility.

As a child, he would often play “business” and be the owner, the boss.

He grew fast into the sales mentality when he went to work with his father selling windows, siding, and doors at the age of 19.

After college he decided to experience life and moved to Phoenix, he went to work for First Choice NetWork, with direct sales in a call center. The owner was an inspiration to Joe, to see how life could be. It was the beginning of his vision of the future and seeing how he can take control of his life and his direction.

He continues to see the vision of Invoteq and the different ways that it can service locally owned businesses. The big step was taken when he received encouragement from his wife, she simply said, “Go out on your own, you can do this”, and she has been by his side all the way.

Inspired by many authors, his favorite book is “Riches Within Your Reach” by Robert Collier. In his free time, he likes to golf and coach youth basketball and baseball.

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FAQ's

The most common questions about Free Processing Fees

What is a Cash Discount Program?

The Cash Discount Program is a way for you as a merchant to offset some or all of your current merchant service fees without increasing your overall rates. It is a method of implementing a service fee to all customers while giving a discount to those who pay with cash. Therefore your posted rates now become the rate for those who pay with cash. Those customers who pay with cash avoid the services fee and all others will see a line item added to their receipt. It is our proprietary technology that allows this to happen and keeps you within the guidelines of Visa, Mastercard, and processor regulations.

Is this some kind of new program?

No, in fact, it’s been around for decades in Europe and is used across the US in gas stations where a cash discount is offered at the pump. Gas stations have been using this program in the US for over 15 years. Many national, state and local governments including the DMV, Secretary of State, Post Offices, Schools, Courts, and the IRS implement a Service Fee.

What do I need to do to make sure I’m using this program correctly in my business?

In order to correctly implement a Cash Discount program, you don’t need to change any of your prices – you simply post signage (that we will provide) that states that all transactions now carry a 4% customer service charge. The proprietary technology is provided by INVOTEQ in conjunction with our hardware and processing 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 4% cash discount fee listed on their receipt at the register. The additional 4% service charge is programmed into your terminal, hence there are no additional steps for you.

Is this the same thing as a Surcharge?

The Surcharge carries with it several stipulations:

Only credit cards may be surcharged – no debit cards

Signage must be posted for at least 30 days prior to implementing a surcharge alerting your clientele

There is a 4% maximum that can be imposed

Surcharging is only allowed in states where the program has not been excluded

With the Cash Discount program, these limitations are not in place, as you are not implementing an additional fee for accepting a credit card, you are providing a discount for those who pay with cash. This is a clear distinction, and one that Visa, Mastercard, and the courts have agreed upon:

In a Cash Discount program, all prices in your store carry a 4% Service Charge. The posted prices are your cash price. Those who pay with cash do not have to pay this fee. This is not a situation where those who pay with a credit card pay more.

As Mitchell Katz, spokesman for the Federal Trade Commission, said in May of 2011: 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,” said Katz. “Neither surcharging, nor a cash discount is illegal.”

Is this a semantics argument? We’ll let you decide, but most importantly, Visa, Mastercard, and the courts allow for this distinction.

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Why don't I just implement the program myself?

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 (see previous question)

The way around this process is to allow us to automate a Cash Discount Program for you which is different than the Surcharge. In the Cash Discount Program you post signage stating that all consumers will now be paying a 4% Service Fee, however for those paying with cash, the fee will be waived. We will automate your equipment so that this fee is automatically added for those customers using any method of payment other than cash (essentially credit cards). While this may sound very similar to the Surcharge Program, it is distinctly different in that everyone is paying an increased fee, but those who pay with cash receive a discount, whereas with the Surcharge program, you are specifically stating that those paying with credit cards will pay more. Most importantly it is aligned with the rules of Visa and Mastercard.

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 Cash Discount program, we establish proper pricing for you to ensure you stay within all stated guidelines.

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Where Can I learn more?

Here are some links on the topic of the Cash Discount Program, Surcharging, and Visa/Mastercard regulations. They are the opinion of the authors and are independent of INVOTEQ:

https://usa.visa.com/dam/VCOM/download/about-visa/visa-rules-public.pdf

https://www.mastercard.us/en-us/about-mastercard/what-we-do/rules.html

http://www.creditcards.com/credit-card-news/business-surcharge-card-customers-1585.php

http://www.cleveland.com/business/index.ssf/2011/05/can_stores_offer_a_discount_if.html

http://www.tampabay.com/news/politics/stateroundup/florida-court-strikes-down-law-on-credit-card-surcharges/2252742

https://www.cardfellow.com/checkout-fees-charging-credit-card-fees-to-customers/

http://www.ncsl.org/research/financial-services-and-commerce/credit-or-debit-card-surcharges-statutes.aspx

https://www.cardfellow.com/charging-customers-a-credit-card-convenience-fee-at-check-out/#Guidelines

https://www.bloomberg.com/view/articles/2017-01-10/cash-discounts-credit-surcharges-and-free-speech

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FREE POS System and No Processing Fees - Contact us directly: (317)869-6922, or schedule a time that is convenient for you on our calendar by clicking here:

KEEP 100% OF YOUR SALES REVENUE BY ELIMINATING CREDIT CARD PROCESSING FEES

POS Systems Solution

Virtual & Mobile

EMV Solutions

Website Shopping

OUR REPUTATION

100% RELIABLE

AFFORDABLE

OUTSTANDING SERVICE

ADVANCED TECHNOLOGY

CASH DISCOUNT FEES

What is a Cash Discount Program?

Is this some kind of new program?

What do I need to do to make sure I’m using this program correctly in my business?

Is this the same thing as a Surcharge?

Why don't I just implement the program myself?

Where Can I learn more?

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