The EDGE payment program is revolutionizing how businesses handle payment processing. Unlike traditional flat-rate or interchange-plus models, EDGE offers three unique pricing strategies that allow merchants to pass processing costs to customers or absorb them at zero cost.
How EDGE Works
EDGE can be evaluated through several customer-pricing approaches, subject to applicable rules and provider terms:
- Dual Pricing — Display two prices: one for cash, one for card. Customers choose their payment method.
- Cash Discount — Offer a discount for cash payments while charging full price for cards.
- Surcharge — Add a small surcharge to card transactions (legal in most states).
Benefits of EDGE
- Customer-pricing review — Compare how card and cash prices, disclosures, and account costs would work for the business
- Funding expectations — Review stated settlement timing, reserves, monitoring, and account terms in writing
- Flexible Equipment — Choose from countertop, wireless, or mobile terminals
- Simple Onboarding — Get set up in days, not weeks
Real-World Example
A restaurant should compare representative card and cash transactions, customer communication, refunds, deposits, account costs, and written provider terms before deciding whether an EDGE workflow fits.
Is EDGE Right for Your Business?
EDGE works best for:
- High-volume cash businesses (restaurants, retail, gas stations)
- Businesses with loyal customers who accept surcharges
- Merchants looking to maximize profit margins
Note: If your business is classified as high-risk, EDGE is an excellent way to reduce processing costs. Learn more about high-risk merchant accounts and how they work.
Contact us today for a free statement analysis to see how much you could save.