What if we could save you $500/month by offsetting Credit card fees?

If you work as a HVAC specialist or Plumbing, you have to accept payments away from your office or workplace.  To make payments easy, you probably have a way of taking credit cards in addition to accepting cash and checks. Mobile credit card processing offers convenience for your clients. It also ensures you can get paid, even if a customer doesn’t have the cash on them. They can just swipe the card!

There’s just one problem…

Each time you swipe the card you’re letting money fly out the window. You may think you have to pay those credit card processing fees, that it’s just part of the game. 

You don’t have to pay those credit card transaction fees. 

We can share with you why you should pay attention to those fees and ultimately how to get free credit card processing.

Picture this: You are a plumber. Since you run your own operation and manage a team, you bring in $250,000 in revenue from your plumbing business. Your net margins are 30%, That means you make $75,000 in profits per year.

Given the high cost of service calls and installations, many homeowners probably don’t pay you in cash. They most likely write a check or swipe the credit card. 

Given that Statista data shows credit cards are the preferred payment method for 75% of purchases, and that research finds that credit card usage increases as transactions values increase, it’s possible 75% of your revenue comes via credit card transactions. 

So, out of that $250,000 in revenue, you could have left $200,000 subject to credit card processing fees. To understand how much that dents your salary as a plumber, first understand how much credit card processing fees are. 

You’ll pay between 2.4-3% or more for even the best credit card processing. After adding in other fees, such as monthly software fees and same-day funding fees, you could pay almost 4%. That’s a lot to pay just to accept payment. 

Back to the plumber example. Here’s how much credit card processing fees are costing you in this scenario:

  • After accounting for all fees, you pay an average of 4% in credit card transaction fees on $200,000 of housing painting revenue. That’s $8,000 in credit card processing fees each year. 
  • If you could eliminate those fees, your profits as a plumber would jump from $75,000 to $83,000.That’s a salary increase of 10%

Whether you’re an plumber, hvac contractor or car mechanic, it pays to pay attention to credit card processing fees. By getting the Pazas credit card processing for contractors, you could put more money back into your wallet.  Think of what you could do with that extra money. You could save more for retirement, take a nicer vacation, put cash aside for your kid’s college, and more. The point is this: You don’t have to lose money to card transaction fees. It’s your money, and you deserve to keep it. 

Motivated to take action? 

So, how do you get the best credit card processing and take home 100% of your revenue as a plumber or hvac contractor? 

Implement a cash discount program and bring home 100% of your revenue. 

Having the best credit card processing consists of one more step: Implementing a strategy to eliminate fees altogether. 

Enter the cash discount program. 

As the name would suggest, a cash discount program involves giving customers who pay in cash a discount. At Pazas for example, our cash discount program for hvac and plumbers gives customers a discount of up to 3.95%.

On a plumbing job that costs $500, that’s a discount of $20. That might not convince many people to pay with cash.

If your customer still decides to use a credit card, they will pay the full price of $500. Since that price already accounts for card processing fees, you’ll receive full revenue from your work as a plumber. You may be asking yourself: Are you allowed to give cash discounts? The answer is yes. A cash discount is 100% legal and compliant, thanks to the Dodd-Frank Act.

Why not just do this by yourself? Visa/Mastercard requirements are tricky and non-compliance penalties are stiff – Pazas ensures that you are compliant and you will never get a bill or penalty when you work with our team.

Interested to learn more? At Pazas we’re ready to help contractors get the best mobile credit card processing with a cash discount program.

Call us at 262-333-4496 or click the link below.

I Want FREE Credit Card Processing

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