Zero Percent Credit Card Processing
One Low, Fixed Rate – No Surprises
Processing fees, even for small credit card purchases, can add up quickly. With MiCamp WAVit™ , you’re able to process an unlimited amount of credit card transactions for one low monthly rate, accept all major credit cards, and increase your business’ profitability – all for a fraction of what you pay.
Better For You. Better For Business.
WAVit Cash Discount Program
What is the WAVit Program?
WAVit is a Cash Discount program for merchants to offset high credit card processing fees. The WAVit program provides Merchants the signage to inform customers that all posted prices are at the cash discounted price, and that credit card purchases pay a certain %.
What Are The Merchant Benefits?
· Cost free processing!
· Works with Visa, MasterCard, Amex, Discover cards
· Increased profitability
· Use the savings to grow your business
· Pay the same low, flat rate month-to-month
Sample Savings With WAVit
Can Your Company Offer This Program?
Yes! WAVit is not a surcharge or a convenience fee to penalize credit card usage, but an inducement to use cash. WAVit can be offered in all 50 states.
Text from the Durbin Amendment
‘‘(2)(A) IN GENERAL. –A payment card network shall not, directly or through any agent, processor, or licensed member of the network, by contract, requirement, condition, penalty, or otherwise, inhibit the ability of any person to provide a discount or in-kind incentive for payment by the use of cash, checks, debit cards, or credit cards to the extent that by Federal law and applicable State law, such discount or in-kind incentive is offered to all prospective buyers and disclosed clearly and conspicuously.”
‘‘(B) LAWFUL DISCOUNTS. –For purposes of this paragraph, the network may not penalize any person for the providing of a discount that is in compliance with Federal law and applicable State law.”
Rulings From The Card Brands
Visa Core Rules and Visa Product and Service Rules 22.214.171.124 Honoring All Visa Cards: “Merchants may attempt to steer customers who initially present a Visa Card to an alternative method of payment, such as by providing discounts for cash…”
Mastercard Rules 5.11.2 Charges to Cardholders: “A Merchant must not directly or indirectly require any Cardholder to pay a surcharge or any part of any Merchant discount or any contemporaneous finance charge in connection with a Transaction. A Merchant may provide a discount to its customers for cash payments.”
Discover Merchant Operating Regulations R11.1 –Section 2.5 Surcharges and Discounts: “New terms permit you to offer discounts at the point-of-sale as provided in the Dodd-Frank Act. You may offer differential discounts depending on the method of payment (e.g., credit, debit, cash or check), but such discounts may not differentiate based on issuer or payment network…”
American Express Merchants Policy Guide Section 3.2: “You may offer discounts or in-kind incentives from your regular prices for payments in cash…”